BYLC’s entrepreneurship bootcamp ends
The Youth Entrepreneurship Bootcamp, organised by Bangladesh Youth Leadership Center (BYLC), concluded yesterday at the Tea Resort and Museum in Sreemangal.
With 200 participants, the bootcamp was organised in two rounds; the first one was held from September 26–29 and the other from October 3–6, said a press release.
The four-day residential entrepreneurship bootcamp is part of BYLC’s Youth Entrepreneurship Challenge, supported by UK Aid and Manusher Jonno Foundation (MJF), which aims to empower the youth to design unique revenue generating business models.
Following the bootcamp and a rigorous assessment process, the top five business ideas will receive seed funding of Tk 8 lakh each, coworking space for a year, incubation training for six months, and mentorship and networking opportunities.
At the end of the incubation phase, the top two business ideas will receive additional funding of Tk 15 lakh each.
The bootcamp provides budding entrepreneurs necessary skills to launch their own business and provide livelihood opportunities to many others, thereby tackling the challenge of rising youth unemployment in the country, said speakers.
“Young entrepreneurs often launch their business with limited hands-on knowledge or skills on how to run an organisation. BYLC’s Youth Entrepreneurship Bootcamp provides promising entrepreneurs a learning platform through which they can develop tangible skills to champion their start-ups,” said Kanbar Hossein-Bor, British deputy high commissioner to Bangladesh, while speaking as the chief guest at the event’s graduation ceremony.
Ejaj Ahmad, president and founder of BYLC, said the bootcamp provides aspiring entrepreneurs the knowledge and skills to experiment, test, and iterate as they develop their products or services.
“Through this bootcamp, BYLC aims to nurture and encourage the passion of aspiring young entrepreneurs by connecting them to the right tools and networks and helping them grow as catalysts of change,” he added.
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