Fostering an entrepreneurial ecosystem

The entrepreneurial landscape in our country has witnessed a notable growth in recent years, with start-ups emerging in diverse sectors, including e-commerce, e-business, agri-tech, education technology and so on. However, much more needs to be done to establish a sustainable entrepreneurial ecosystem.

Firstly, access to funding remains one of the most significant barriers for budding entrepreneurs. While venture capital firms and angel investors are gradually entering the scene, their reach is limited to urban areas, leaving rural innovators out of the equation. The government and financial institutions must develop accessible funding mechanisms and ensure equal opportunities for aspiring entrepreneurs nationwide.

Secondly, skill development programmes should be prioritised. Many entrepreneurs struggle with a lack of proper knowledge about market dynamics, financial management, and technology utilisation. Public-private partnerships can play a pivotal role in organising training workshops and providing mentorship to address this gap.

Thirdly, policies and regulations must be entrepreneur-friendly. Establishing innovation hubs, co-working spaces, and incubators across the country can also significantly bolster the entrepreneurial spirit.

Lastly, cultivating a culture that celebrates innovation and reduces the stigma around failure is crucial. Educational institutions must integrate entrepreneurship into their curriculum, inspiring young minds to think creatively and take initiative.

Bangladesh is on the brink of an economic transformation. By nurturing its entrepreneurial talent, the country can unlock new employment opportunities, drive economic growth, and position itself as a global player in innovation.

Anika Anjum, Student

Bachelor of Business Administration

North South University

anjumanika66@gmail.com