At the end of the 4-month programme, each startup will receive US$14,000 in seed funding
GP Accelerator, a joint venture between Bangladesh’s startup blog SD Asia and leading telecom company Grameenphone, has announced the names of the five startups selected for its second cohort.
The 4-month programme, designed to support early-stage, home-grown tech startups, has already commenced at GP House. At the end of an intensive, rapid and immersive training, each startup will receive US$14,000 in seed funding, besides industry contacts.
The programme ends with a demo day, where startups will pitch to a plethora of experienced investors, partners and key clients.
Welcoming the new batch to GP House, Grameenphone CEO Rajeev Sethi said: “The startups at GP Accelerator remind us every day of the skills that drive real success: speed, agility and focus against all the odds. Grameenphone is committed to put Bangladesh on the global startup map firmly and together with the government and the startup ecosystem.”
Mustafizur R Khan, Founder and CEO of SD ASIA, said: “Teams joining our programme will be more investment-ready after four months, instead of taking one year to develop business on their own. The five selected startups will be taught to move fast, work in a learning environment with other promising teams and benefit from “hand-holding” that is rare in our startup eco- system.”
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The top five startups had to go through a rigorous, multi–staged process to acquire a spot. GP Accelerator had received over 500 applications.
Minhaz Anwar, Head of GP Accelerator, said: “We are on a mission to help build the first billion dollar startup from Bangladesh by 2021 and GP Accelerator can achieve this bold ambitious goal only by working together with a range of partners.”
Here is a sneak-peek at the five startups:
CramStack
A data analytics platform using analytics pipelines and models tailored to enterprises to bring deeper insights from the enterprise data.
Socain
Short for Social Analytics, Socain is an analytic platform which processes data obtained from social media to understand what and how people are talking about a brand.
CMED
This is a cloud-based medical system which is low cost, affordable and easy to access for people of Bangladesh. It helps people to monitor their health to prevent health risk and reduce healthcare costs.
BuzAlly
It engineers mobile marketing for brands, harnessing simpler engagement and targeting audiences to provide a better brand experience. Their first product is an innovation called missed call marketing.
Ghuri
Innovative travel solution provider for hotel and tour package reservations in Bangladesh as well as outbound tours to foreign countries.
GP Accelerator’s inaugural programme started early this year.
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