Youth startups and their impacts

Youth startups are transforming Bangladesh by driving economic growth and creating employment opportunities. With a population dominated by young people, Bangladesh is seeing an increase in entrepreneurial ventures led by ambitious youth focusing on sectors like technology, e-commerce, agriculture, and education. Initiatives such as Pathao, a ride-sharing platform, and Sheba XYZ, a service marketplace, show how youth-led startups are addressing local issues while also creating scalable solutions. Moreover, these ventures not only generate income but also inspire others to pursue entrepreneurship, breaking the traditional mindset of relying primarily on conventional jobs. Many young entrepreneurs are working to ensure that women, rural communities, and underserved populations also benefit from their ventures. For example, startups focusing on online education or agricultural technology help bridge the gap between urban and rural economies.

The government and private sectors are playing a pivotal role in supporting these startups. Initiatives like Startup Bangladesh provide funding, training, and mentorship to young entrepreneurs so that they have all the tools and resources needed to succeed. Additionally, access to digital platforms, mobile banking, and microfinancing options has made it easier for youth to start businesses with minimal resources.

The impact of youth startups goes beyond financial growth. They inspire a culture of creativity, risk-taking, and resilience, which contributes to a society that values innovation and strives for long-term progress. By empowering youth through startups, Bangladesh is not just building businesses; it is building a brighter and self-sufficient future. If the right support continues, the country's young entrepreneurs can transform local challenges into global opportunities, making Bangladesh a hub of innovation and empowerment. Therefore, training programs focused on business management, digital marketing, and networking, as well as financial incentives, should be provided to empower young entrepreneurs to overcome challenges and maximise their impact.

Alfi Shaharin Ridita

Student

North South University

[email protected]