Biniyog Briddhi partners with four enterprises

Partnership programme Biniyog Briddhi has teamed up with four innovative impact enterprises, HelloTask, Romoni, SafeWheel and Shuttle.

Biniyog Briddhi is a multiyear partnership among the Swiss embassy in Bangladesh, Roots of Impact, LightCastle Partners, investors, private sector organisations, incubators and support organisations for impact enterprises.

Through the partnership, the impact enterprises will receive funding support to scale up their business and implement impact monitoring systems to better report on their social missions.

All the enterprises have a strong focus on women's empowerment, logistics, caregiving and health services throughout Bangladesh, says a press release.

The signing ceremony took place at the LightCastle Office in the capital on Tuesday.

Corinne Henchoz Pignani, deputy director of cooperation at the embassy of Switzerland in Bangladesh, Ameena Chowdhury, programme manager, Maxime Cheng, lead of market and capacity building programmes at the Roots of Impact, and Bijon Islam, chief executive officer at LightCastle Partners, attended the ceremony among others.

"Through the B-Briddhi programme, Switzerland wants to support impact enterprises, to have better access to financing options and be equipped to be attract investors," said Pignani.

"In addition, most importantly, we want to promote the culture of impact monitoring amongst social enterprises," she said.

These grants will be conditional on the introduction of robust systems to measure social and environmental impacts.

The next round of call for applications for the catalytic funding will open in April this year. This scheme is open to both early-stage and growth-stage impact enterprises.