New climate innovation centre launched in Bangladesh to promote green entrepreneurship
BetterStories, in partnership with the World Bank Group and with the support of the government of UK, has recently launched the Bangladesh Climate Innovation Centre. The business hub will help local start-ups develop and scale innovative clean technologies that can help address climate change issues and spur green growth.
The centre aims to support about 20 companies per year by offering a customised suite of business-support services, including coaching, training, market linkages, and investment facilitation. Addressing climate change is an important priority in Bangladesh. The country is extremely vulnerable to tropical cyclones and, each year, it experiences about two-fifths of the world's storm surges. The scarcity of fresh water, salt-water intrusion from sea level, and frequent floods are also critical challenges facing the country. The private sector can complement public efforts to identify climate adaptation and mitigation solutions by developing and bringing to market innovative green products and services that provide access to potable water and clean energy, enable climate-smart agriculture, and promote sustainable transportation.
Hosted by BetterStories, the development of the Bangladesh Climate Innovation Center was supported by the World Bank Group with the financial support of UK aid from the UK government.
Comments