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SMEF launches Business Incubation Centre

Staff Correspondent
17 Sep 2021 00:00:00 | Update: 17 Sep 2021 00:29:35
SMEF launches Business Incubation Centre

The Small and Medium Enterprise Foundation has finally launched its Business Incubation Centre, one in Dhaka and another in Chattogram, in order to facilitate entrepreneurship development and create employment.

State minister for Industries Kamal Ahmed Majumder on Thursday formally launched the BIC, which is a system of supporting the development and scaling of growth-oriented early-stage enterprises, at a ceremony held at Jahir Smart Tower in the capital’s west Agargaon area.

Inaugurating the BIC, Kamal Ahmed Majumder said, ‘The more entrepreneurs will be skillful, the more their business will be spread. Through this incubation platform, it will be easier for them to be connected with each other which will be helpful for smooth networking among them.’

The inaugural ceremony was attended, among others, by state minister for ICT Zunaid Ahmed Palak, secretary of the Ministry of Industries Zakia Sultana and president of the newly established center.

Under the project of ‘Second Small and Medium Sized Enterprise Development Project, two incubation centers in Dhaka and Chottogram have been established with the initiative of the government and the Asian Development Bank.

SME is considered as an employment generating machine to neighbouring countries. Incubation center is such an institution which helps entrepreneurs to the growth of their business and provides business solutions with consultancy, IT service, primary funding, networking and marketing.

There are training facilities for 30 trainees in a training room and a computer lab for 20 trainees in the Institute of SME Foundation.

Through this training institution, it will be possible to provide mid-term or long term training to the trainees, which will be helpful for small and medium entrepreneurs to contribute to countries’ economy.