Bangladesh Venture Capital Ltd has received 'Alternative Investment Fund Manager' Licence from Bangladesh Securities and Exchange Commission under Bangladesh Securities and Exchange Commission (Alternative Investment) Rules, 2015.
"As a licence holder, Bangladesh Venture Capital Ltd (BVCL) will be able to manage the venture capital fund, private equity and impact fund," said a statement of the company issued on Tuesday.
"Bangladesh is a very sound place for developing entrepreneurship as we got the most talented young generation and the lifestyle of the peoples helps them to get the leadership skills which is a very important quality for becoming entrepreneurs," said Md. Sabur Khan, Chairman, BVCL.
He said besides ensuring fund, BVCL made collaboration with the Daffodil Business Incubator to ensure best incubation, co-working with other facilities so that young entrepreneurs can groom their full potential.
Golam Monowar Kamal, Managing Director of BVCL expressed his gratitude to all who have extended their support to achieve the latest success.
He also added BVCL will give the highest value to the potential business and startups that offers the solution to the existing problems and makes a positive social impact and build a better Bangladesh.