The 1st Batch of Startup Dhaka Incubator has ended its journey with its Demo Day on 24th August. The program had started its journey on 4th April, 2019 with the aim to help teams with startup ideas to get to their Minimum Viable Product (MVP) stage. 50 teams went through a screening process and 11 teams were finally chosen and had participated in the incubator program. They went through an intense learning process for 3 months. They sat with mentors once every week in one-to-one sessions and figured out the next step that would help them monetise their businesses.
The mentors helped the teams in the first month with their market discovery which helped them to identify their target group’s wants and demands about their product that helped them in the second month’s product development. The product development stage included value proposition, tweaking products basing on the feedback from 1st stage, iteration, making business model, setting product price, etc. The third month of the incubator program was dedicated to investment pitch deck, pitch preparations, financials, fundraising, etc. The incubator program has helped the teams with their investment readiness and linkage.
Over the last 3 months, Rashed Noman, Country Director of Augmedix; Bijon Islam, CEO of LightCastle Partners; Asif Khan, Managing Director of Edge Research & Consulting Ltd; and the internal team of Startup Dhaka mentored these startups and helped them figure out their next course of actions for scaling and monetising their business.
The internal team of Startup Dhaka included Mustafizur Rahman, CEO & Founder of Startup Dhaka; Samad Miraly, co-Founder Startup Dhaka; Fayaz Taher, co-Founder Startup Dhaka; and Inam Uz Zaman, the project lead of Upskill.
The Demo Day was conducted in NewsCred Office, Banani. The event started with opening remarks by Samad Miraly. He introduced the Incubator as a program which is focused to bring to use the potentials of the young generation by building a startup eco system. He also mentioned the power of entrepreneurs.
Mr. Muhtasim Rahman from Shohoz, one of the partners of the Incubator program gave his kind words reflecting the struggles of startups and how Startup Dhaka’s Incubator program is going to help with the process. Saif Rahman from NewsCred wished the best to Startup Dhaka Incubator and the Incubator teams. Rageeb Kibria, Project Manager of LightCastle gave his appreciation towards the Incubator program through his speech and mentioned the Incubator Batch 1 teams to be in the top 10% in regard of quality among the startups that he has worked with in Asia.
The teams Akash, CGPA Matters, Minimal Furniture, Mindo and Dorji E presented their startup pitch followed by a Q&A session. The investors present in the event showed interest in the startup teams and asked them about the different aspects of the startups. The event ended with a networking session among the teams and the investors. The teams had a great experience through the Startup Dhaka Incubator program.
The registration for 2nd Batch of Startup Dhaka Incubator has started. If you have a startup idea that you believe in, hurry up and register at