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BYLC Ventures: Cohort 4 winners announced

The winners of BYLC Ventures: Cohort 4 were announced on Sunday.

The winning teams are Animo.AI, Biotech Energy Ltd, Premium Fruits, and Savoir Bangladesh.

They will receive seed funding of Tk8 lakh with the option of having extra money as scale-up funding.

Also, the winning teams will get access to a world-class business accelerator programme, in-house mentoring and networking support, legal and virtual CFO support, rigorous leadership training, as well as a co-working space in the Mohakhali office of Bangladesh Youth Leadership Center (BYLC).

BYLC Ventures opened applications for Cohort 4 on November 1, and received applications from diverse sectors.

During December 10-12, more than 80 founders from 37 shortlisted startups took part in a three-day bootcamp in Sreemangal.

Sessions at the bootcamp covered different aspects of developing a startup idea, from identifying a real problem in society and refining the startup’s solution to addressing the problem, to understanding the customer persona and demographics of the target audience.

After that, 12 startups were selected for the final jury session, which was held on February 5.

The jury included Tina Jabeen, president of Bangladesh Startup Consortium, Anita Ghazi Rahman, founder and managing partner of The Legal Circle, Mridul Chowdhury, founder and CEO of mPower Social Enterprises, Nirjhor Rahman, CEO of Bangladesh Angels, and Ejaj Ahmad, founder and president of BYLC.

The four winning startups will join BYLC Ventures’ existing portfolio of 16 startups from the last three cohorts.

Source: United News of Bangladesh