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Bangladesh

Bangabandhu Innovation Grant

Funding Amount
$100K top prize, 1M BDT for 35 startups

Program Overview

The Bangabandhu Innovation Grant (BIG) platform, launched in 2019 by Bangladesh's ICT Division through the Innovation Design and Entrepreneurship Academy (iDEA) project of the Bangladesh Computer Council (BCC), honors the legacy of the Father of the Nation while supporting startups and entrepreneurs across all sectors. BIG provides competitive grants, mentorship, and networking opportunities to innovative businesses. The program awards the top startup with $100,000 USD and provides 1,000,000 BDT grants to 35 additional qualifying startups through the Innovation Design and Entrepreneurship Academy (iDEA).

Funding Structure

BIG operates as a competitive grant program with tiered awards. The grand prize winner receives $100,000 USD (approximately 12 million BDT) to accelerate their venture. An additional 35 startups each receive 1,000,000 BDT grants to support business development, product refinement, market entry, or scaling operations. All grant recipients gain access to mentorship from industry experts, networking opportunities with investors and successful entrepreneurs, and connection to Bangladesh's growing startup ecosystem.

Eligibility Requirements

The program accepts applications from startups and entrepreneurs across all sectors and industries. Eligible applicants must demonstrate innovation in their business model, technology, or approach to solving market problems. Both early-stage and growth-stage startups qualify. Applicants should present clear business plans, evidence of traction or market validation, and scalability potential. The program prioritizes ventures with strong social impact, job creation capacity, and alignment with Bangladesh's development priorities.

Application Process

Applications are submitted through the BIG platform at big.gov.bd, as confirmed by The Daily Star and Future Startup reporting. Startups present business plans, pitch decks, financial projections, and evidence of innovation. The selection process includes initial screening, pitch presentations, and evaluation by expert panels assessing innovation level, market opportunity, team capability, social impact, and scalability. Finalists participate in intensive mentorship and preparation before final judging. Winners are announced publicly and gain immediate access to grant funds and support resources.

Program Impact

BIG has become a cornerstone of Bangladesh's startup ecosystem, providing crucial non-dilutive funding that enables founders to maintain full equity while accessing growth capital. The program's mentorship component connects winners with experienced business leaders who provide strategic guidance. Networking opportunities facilitate partnerships, customer relationships, and follow-on investment. BIG winners gain credibility that helps attract additional funding from private investors and venture capital firms operating in Bangladesh.

Common Questions

The Bangabandhu Innovation Grant (BIG) is open to Bangladeshi entrepreneurs, startups, and innovators with technology-driven solutions addressing local challenges. Applicants typically need to demonstrate a viable prototype or minimum viable product, a clear business model, and potential for social or economic impact. Both individual innovators and registered companies in Bangladesh can apply for the grant.

The BIG program prioritizes projects that leverage technology to solve pressing challenges in Bangladesh, including healthcare, agriculture, education, financial inclusion, and climate resilience. AI and digital technology projects receive strong consideration. Proposals demonstrating scalability, measurable social impact, and job creation potential in Bangladesh are given priority during the evaluation and selection process.

BIG emphasizes financial inclusion through mobile banking, agricultural productivity via precision farming, educational accessibility through vernacular e-learning platforms, and healthcare improvements using telemedicine. Climate resilience technologies addressing flood prediction and cyclone warning receive heightened weighting given Bangladesh's extreme vulnerability. The Smart Bangladesh 2041 vision provides strategic orientation for aligning proposals with governmental priorities.

Beyond financial awards, BIG provides dedicated mentorship from technology practitioners, co-working space at Hi-Tech Park facilities, and introductions to corporate customers. Recipients participate in showcase events where government procurement decision-makers evaluate solutions for public deployment. The program coordinates international exposure through bilateral cooperation events. Alumni networks create peer learning communities sharing insights across Bangladesh's digital economy.

Evaluation committees apply thematic priority weighting for ventures developing flood early warning sensor networks utilizing IoT water level monitoring, cyclone-resistant modular housing construction systems, and saline-tolerant crop variety distribution platforms addressing Bangladesh's acute climate vulnerability exposure. Riverine transportation logistics optimization applications connecting char island communities with mainland commercial centers demonstrate geographic inclusion innovation. Erosion prediction modeling using satellite imagery temporal analysis enables infrastructure planning and population displacement mitigation. Aquaculture technology ventures developing cage culture systems resilient to monsoon water level fluctuations, shrimp disease monitoring biosensor arrays, and hatchery water quality automation controllers address food security objectives within Bangladesh's distinctive deltaic geographic context.

The grant programme prioritizes textile sector innovation proposals including waterless dyeing technology deployment, automated fabric inspection using computer vision defect detection, and effluent treatment process optimization reducing environmental compliance costs for garment manufacturers. Workplace safety monitoring technology addressing structural integrity sensing, fire detection and suppression system automation, and worker heat stress measurement wearable devices respond to post-Rana Plaza industry transformation imperatives. Supply chain traceability platforms enabling international fashion brand compliance verification through blockchain-secured production documentation, worker welfare certification, and chemical substance restriction adherence monitoring demonstrate exportable technology solutions. Energy efficiency improvements including solar rooftop installations, waste heat recovery systems, and compressed air network leakage detection reduce manufacturing carbon intensity.

References

  1. Bangabandhu Innovation Grant (BIG) Platform. ICT Division, Government of Bangladesh. View source
  2. 'OpenRefactory' wins Bangabandhu Innovation Grant of USD 100,000. The Daily Star. View source
  3. Bangabandhu Innovation Grant 2023 launches to empower entrepreneurs. Future Startup (2023). View source
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