Strategic Alliance to Accelerate Bangladesh’s Startup Ecosystem

Startup Bangladesh Limited (SBL), the flagship venture capital company of the Government of Bangladesh under the ICT Division, has signed a strategic Memorandum of Understanding (MoU) with LightCastle Partners (LCP), an homegrown global management consulting firm with offices in Bangladesh, Singapore, and the United States.The partnership is designed to strengthen Bangladesh’s rapidly evolving startup ecosystem by generating data-driven ecosystem insights, promoting investment opportunities, and facilitating stronger connections between startups and global investors.Bangladesh has emerged as one of South Asia’s fastest-growing innovation markets. Over the past decade, the country’s startup ecosystem has attracted more than USD 1 billion in investments and generated millions of direct and indirect employment opportunities across sectors such as fintech, logistics, healthtech, and e-commerce.By combining SBL’s mandate as the country’s sovereign venture capital fund with LightCastle Partners’ ecosystem advisory expertise and international networks, the two organizations aim to further position Bangladesh as an emerging destination for innovation-driven investment.