SAJIDA Foundation and Orange Corners (OC) signed an agreement in January to open a new OC Hub in Dhaka, alongside local partners YY Ventures and the Bangladesh Youth Leadership Center (BYLC).
Through the Orange Corners Access to Finance Fund, implemented by SAJIDA Foundation, the program will also support seed-funding, said a press release.
The aim of the Orange Corners programme is to enable Bangladeshi youth with skills, funding, and resources to build sustainable businesses; all while enriching and creating an inclusive entrepreneurial ecosystem.
By providing training, access to networks with expertise, and mentorship to young entrepreneurs, the program aims to improve job prospects for youth between the ages of 18 and 35.
With the opening of Orange Corners Bangladesh, Orange Corners will have 18 hubs in 15 countries in Africa, Asia, and the Middle East. Before the end of the year, OC aims to expand to around 20 local hubs.
SAJIDA Foundation is a value-driven, non-profit organisation which embodies the principle of corporate philanthropy, with 51% shareholding of Renata Ltd, one of the fastest growing pharmaceutical and animal health product companies in Bangladesh.
The organisation, founded in 1993, aims to empower communities, catalyse entrepreneurship, foster equity, and establish enterprises for good with an overarching vision of ensuring health, happiness, and dignity for all.
SAJIDA’s operation in Bangladesh has touched over 6 million individuals through multi-sectoral development programs on poverty alleviation, community healthcare and climate change, one of the largest financial service operations and specialised healthcare enterprises.
Source: United News of Bangladesh