START! Entrepreneurs in Bangladesh
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Transcript of START! Entrepreneurs in Bangladesh
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We are Known for Our
RESILIENCE
Against Adversity
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However, this Adversity seems
NEVER-ENDING
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It’s the kind of
Adversity That tells us
We will NEVER
be Better
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Even in the middle of
such negativity, We are
Achieving
SUCCESS
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Just like our TIGERS, A group of talented individuals are
in the process of TRANSFORMINGOUR COUNTRY
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THIS IS
Their
STORY
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1…2…3…START!
Entrepreneurs in Bangladesh
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Md. Mosta Gausul Hoque, PMP
Masters in Economics ( YU-Japan)
Postgraduate Diploma in Government Financial Management( University of Ulster-UK)
MBA ( IBA)
A Bangladesh Studies
Presentation
Prepared For
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Muhtasim Sarowat Rayed
(ZR-61)
Shatabdi Biswas (RH-12)
Arifur Reza Chowdhury (ZR-23)
SharmiliNowshin Kabir
(RH-30)Rafi Ahmed
(ZR-60)
Team Profile of Group 11
ANALYSER SUPPORTER CONTROLLER PROMOTER HARMONISER
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T H E E V O L U T I O N O F E N T R E P R E N E U R S H I P W H A T I S A S T A R T U P ?
S T A R T !
OUTLINE
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5 6
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B A N G L A D E S H : G R O W I N G F A S T ,
G R O W I N G S T R O N G
A R E A S W H E R E S T A R T U P S A R E D O I N G W E L L I N
T H E F A C T O R S B E H I N D T H E S T A R T U P T R E N D I N
B A N G L A D E S H
C H A L L E N G E S A N D O B S T A C L E S
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R E C O M M E N D A T I O N S
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Renaissance Craftsmen (15th Century)
Merchants and Craftsmen who developed commerce. Explored
new continents for trade.
The Evolution of Entrepreneurship
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Colonial Expansion(16th -17th Century)
Established trade routes and founded the first ‘global’ companies. Created
plantations capitalizing on tobacco and sugar cane.
The Evolution of Entrepreneurship
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Industrial Revolution(16th -17th Century)Serial entrepreneurs who
made remarkable achievements in technology. First use of expanded credit
system.
The Evolution of Entrepreneurship
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20th CenturyUsed mass media marketing to
gain access to very large markets. Advertising
expenditure increased to 4% of national income,
The Evolution of Entrepreneurship
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Startups (21st Century)Uses the power of computers and the reach of the internet to reach wide
audiences at low costs. Competing with big business is much
easier.
The Evolution of Entrepreneurship
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Not ALL small business ventures are startups!
What is a Startup?
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ScalingStartups are designed to grow fast. By design, this means that they have something they can sell to a very large market.
InvestorsStartups go for angel investors or venture capital firms, while small business operations may rely on loans and grants.
Exit StrategyVenture capitalists need an exit strategy as they need to maximize their ROI.
New Business ModelStartups come up with brand new ways of doing businesses, while traditional businesses take tried and tested models and implement them.
How are Startups Different from Small Businesses?
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Apple
Microsoft
Dropbox
Famous Startups Throughout History
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Silicon Valley, USA
London, UK
Oslo, Norway
Melbourne, Australia Singapore
Beijing, China Bangalore, India
Major Entrepreneurship Hubs
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Growing Fast, Growing Strong
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GDP (2013)
Bangladesh’s GDP increased every year since 1994. From a
real GDP figure of BDT 7,975,387million , it has
increased to BDT 11,989,232 million in 2012-2013 with
respect to base year of 2005-2006.
Exports (Jan 2015)
Exports in Bangladesh increased to US $ 27454.3 million in 2013-2014from US $ 23757.6 million in 2012-2013 registering
a year on year growth rate of 20.2%.
The share of RMG exports during the same period rose from 80.6% to 82.1%.
GDP Growth Rate (2013)
Since 2004, annual rate of GDP growth has been over 6%.
Even though growth rate slipped to 5.7% in fiscal year 2008-2009 due to the economic recession, it accelerated to 5.8% the next
year.
Foreign Exchange Reserve (2013)
Foreign reserves increased to US $ 21558 million in fiscal year
2013-2014 buoyed by remittance inflow.
In 2013, it stood at USD $ 15 billion.
Key Macroeconomic Indicators
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Total Population7th Largest in the World
Urban PopulationUrbanisation, chiefly in
Dhaka, driving industrial and service sector
growth.
Median Age60% Population below
30 years of Age
Population
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%230Increase in Consumption Expenditure (1990-2010)
Overall Poverty Reduction26% in 10 Years
Income Per Capita in 2008$520
$1044Income Per Capita in 2013
Poverty Reduction
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Pioneering Startups
Lead the Way
Emergence of Student
EntrepreneursA Well-Organised,
Thriving Community
Information Infrastructure
Development
THE FACTORS BEHIND THE STARTUP TREND IN BANGLADESH
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1.6 MillionSmartphone
Users
122 MillionMobile Phone
Users
43 MillionInternet Users
14 MillionFacebook Users
Information Infrastructure Development
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A content syndication startup founded by ShafqatIslam, Iraj Islam, and Asif Rahman in 2008.
It has raised $45 million in venture funding to date.
Pioneering companies Lead the way
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Currently the biggest online advertising marketplace in Bangladesh.Founded by Nash Islam and Muhammad Nazimuddaula in 2012
G&R is the Consulting Partner for Amazon Web Services inBangladesh and the AdSense and AdWords partner for Google.
Recently, it was acquired by GenEx Infosys Ltd in a multi-milliondollar deal.
Pioneering companies Lead the way
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The first digital marketing firm in Bangladesh, Analyzen wasfounded in 2008. It has won several awards and amassed adiverse and impressive portfolio that includes the likes ofBanglalink, Unilever, Samsung and British American Tobacco,among others.
Analyzen has a unique flat organization structure where everyteam member is known as an ‘Analyzer’.
Pioneering companies Lead the way
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SD ASIACreates content about startups, entrepreneurs and business in Bangladesh. Organises networking and tech events like Innovation Xtreme and Digibuzz.
BASISAssociation of IT firms. Provides guidance and infrastructural support to registered firms. Organises and sponsors events like Digital World.
EMK CenterA venue platform that works in concert with multiple startups to launch and sponsor events.
Founders InstituteThe world’s largest entrepreneur training and startup launch program. Recently partnered with Fenox to open seed-funding for tech startups.
GoogleWorks with GDG and GBG groups to engage local software developers, as well as various digital entrepreneurs.
A Thriving, Well-Organised Community
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Factors Influencing emergence of
Student Entrepreneurs
Strong independent streak
Increasing disposable income
from part time jobs
Ambitious, Determined to Make an Impact
Job market highly saturated
Emergence of Student Entrepreneurs
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Investors
Facilitators and
Community
Leaders
Media
Ambassadors
Incubators
and
Accelerators
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Entrepreneurs
The Startup Ecosystem
Angel Investors and
Venture Capitalists
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34 listed firms
Works with leading brands
to reach audiences in
real time
DIGITAL MARKETING
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$4 BillionMarket Size
200 Crore BDTSales in Last Eid-ul-Adha
ECOMMERCE
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GRAMEENPHONE
working closely with local entrepreneurs to encourage
innovative solutions to various relevant problems
ROCKET INTERNET
launched five companies in Bangladesh:
Carmudi, Lamudi, Kaymu, Foodpanda, Daraz
Google Development Groups (GDGs) and
Google Business Groups (GBGs)
500 STARTUPS
Invested in ChalDal, an online
grocery store
Global Players
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40%
2021
40
25%
2015
However, will
this be
achieved?
Adverse Investment Climate
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Weak Public and Private Institutions
Transport Deficiency
Inappropriate Modal Mix
8.2% growth inpassenger transport
Transport intensity much lower than other countries
Unbalanced pressure on road transport leads to traffic jams
Roads highly susceptible to natural disasters
Road Transport Railways
Internal Water
Transport
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Natural Gas supply can support power plants
only till 2019
34,000 MWExpected demand for electricity in
2030
6,264-8250 MWCurrent demand for electricity
61 MillionStill do not have access to
electricity.
.
Power Shortage
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No Barriers of Entry and ExitMay have to face exit at any time point of time
Lack of focus on business sustainability
Lack of incubators and accelerators
Nascent Startup Community
San Francisco Model May not Work in Bangladesh
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Recommendations
Raise awareness
about startups
Strengthen Investment
Climate Incubators and accelerators that transform
ideas into enterprises
Focus on developing businesses and
sustaining in the
long run
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Engage university clubs
Develop elevator pitches
Hold meet and greet events with corporate and
government stakeholders
Raising Awareness
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Encourage domestic corporate investors to
get behind startups
Ease Corporate Tax to invite greater FDI
Banks and FIs need to develop better
seed-funding initiatives
Strengthening Investment Climate
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Don’t simply go for the
coolest inventions
Develop business model
Provide mentorship
Launch startup
operations
Scale startups
Incubators and Accelerators T r a n s f o r m i n g i d e a s i n t o E n t e r p r i s e s
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Early StageStartup
Expansion
Global Company
Maturity
Sustaining in the long run C o m p l e t i n g t h e t r a n s i t i o n i n t o a g l o b a l c o m p a n y
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THANK YOU!