Startup Idea for Fund

Startup Idea for Fund:

Daffodil International University always encourages to become an Entrepreneur. “Before graduation establishes yourself, don’t be a job seeker rather create employment for others”, this is the motto to the development and creates entrepreneurial Eco-system. With this motto, Daffodil International University is organizing a startup idea competition to support innovative ideas. Daffodil International University has undertaken a pioneering initiative to create an entrepreneurship platform and supporting its ecosystem. This effort will enable the student's to innovate faster, create an entrepreneur mindset, develop technical skills and realize the vision of Digital Bangladesh. In support of the further-mentioned objectives, Daffodil International University created the funding opportunity named 'Startup Idea for Fund'. The Fund will provide financial support to entrepreneurs for their Innovative Ideas. The Investment will provide the necessary capital for prototype development and achieve success. The Fund is committed to improving innovation and entrepreneurship through a process that is equitable, transparent and accountable.

Contact:

Startup Idea for Fund
Cell: +8801811458880
Email: reyed.a@daffodilvarsity.edu.bd

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Priority Sectors:
  1. Social Problem Solving using Technology
  2. AI and Machine learning
  3. Internet of Things (IOT)
  4. Educational Game, Digital Marketplace
  5. AR & VR, Big Data and Cloud Computing
  6. Information and Communications Technology (ICT)
  7. Information Technology Enabled Services (ITeS)
  8. Fintech, Agritech, Health, Lifestyle, Education
Selection Criteria:
Investment proposals will be selected for funding based on the following criteria:
  1. Business Concept based on Innovative Idea
  2. Feasibility
  3. Implementation Plan
  4. Management team
  5. Other factors relevant to business success
Why need this fund:

Execution is often recognized as the most important ingredient of a successful startup. Great ideas, great funding, and poor execution fail every time. A great idea can attract money, but great funding cannot improve a poor idea. So, for the development of that great idea and making prototype, this fund will take startups to next level of their success.

Responsibilities of fund recipients:

The responsibilities of fund recipients will be as follows:

  1. Attend all training/mentoring sessions and other required events
  2. Ensure appropriate use of funds as per approved budget
  3. Maintain accurate business, technical and financial records
  4. Maintain registers and vouchers
  5. Maintain a separate business bank account for 'Startup Idea for Fund.
  6. Provide regular progress reports and financial statements
  7. Any other duties or responsibilities assigned by 'Startup Idea for Fund project authority.

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