Home Editorial Bangladesh Opened Its First Campus-based IT Business Incubator

Bangladesh Opened Its First Campus-based IT Business Incubator

Bangladesh Opened Its First Campus-based IT Business Incubator
Photo Courtesy: Dhaka Tribune

In a significant step towards boosting the startup sector in Bangladesh, the first campus-based IT business incubator was opened at Chattogram, Bangladesh. Prime Minister Sheik Hasina inaugurated the IT business incubator. It is named ‘Sheikh Kamal IT Business Incubator’ at the Chittagong University of Engineering and Technology (CUET) in a virtual function on July 6, 2022. So, the article is about Bangladesh Opened Its First Campus-based IT Business Incubator.

The incubator will provide a complete and innovative ecosystem for startups in Bangladesh. Some 220 entrepreneurs, trainees, freelancers, and potential startups will get financial and logistical services, along with mentorships at the center. In addition, it will work as a bridge between academia and the industrial and business sectors of the country.

The incubator will also assist university graduates in developing themselves as entrepreneurs. Furthermore, it will seek to establish effective links between universities and the IT industry, as well as create opportunities for research and innovation activities for the faculty and students of the university, reports the official news agency BSS. The facility has been built over an area of 4.7 acres with a cost of Taka 113 crore. It is a flagship government project as part of the Digital Bangladesh campaign. The 10-storied incubator spread over 50 thousand square feet provides startups with a high-speed internet system and other facilities. 

Prime Minister Sheikh Hasina also opened two separate 4-storied dormitories, a 6-storied multi-purpose training building with a state-of-the-art auditorium having a capacity of 250 people, and four compute cum seminar rooms with an ability of 50 people. An Artificial Intelligence (AI) lab, a machine learning lab, an optical fiber backbone, a substation, and a solar panel have also been set up.

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