News Desk: Startups are doing relatively well in Bangladesh but their success rate is not quite satisfactory owing to problems from a lack of access to finance to age-old valuation process to a dearth of private equity and incubation, said speakers and industry people today.

“A startup-friendly ecosystem in the country has not been substantially equipped, but startups can be a great economic enabler for Bangladesh,” said Rizwan Rahman, president of the Dhaka Chamber of Commerce & Industry (DCCI).

He spoke at a seminar styled “Journey of CMSMEs from startup to scale up: prospects & challenges” organised by the chamber.
In Bangladesh, there are more than 1,200 active startups and around 200 new startups join the industry every year.

Startups made around $800 million in investment and created 15 lakh formal and informal jobs in the last decade, according to a press release of the DCCI.