BYLC VENTURES

We set founders up for success

We fund Bangladesh’s most promising founders, hone their leadership capabilities, strengthen their business acumen, and help validate their big ideas as they transition into investable business.

Receive facilities beyond funding

What we do

For over a decade, we have taught leadership to more than five thousand of Bangladesh’s most promising young women and men. Having mentored many of them who have gone on to launch their own companies, we have seen firsthand the challenges startups face in their early stages.

We created BYLC Ventures to help passionate young founders get kick-started with their big ideas. We do this by providing technical support to validate a product or solution and seed funding to go fast to market. We also provide a set of acceleration support including a plug-and-play commercial space to work from, customized business training led by successful CEO-turned-mentors, and a suit of professional support such as legal, accounting, and corporate governance.

We aim to invest, together with local angels and institutional investors, in at least 20 startups every year. 

How to get into BYLC Ventures

Your entry to BYLC Ventures is through the BYLC Ventures Bootcamp. Each year, we receive hundreds of ideas for evaluation. Based on the applications submitted online, we select the top 50 teams for an intensive bootcamp where we will have a closer look into the founders and their business model. The founders are evaluated on the quality of team, viability and scalability of the business. The winning teams of BYLC Ventures Bootcamp will receive the seed funding, mentoring and get invited to join our accelerator program.

BYLC Ventures Bootcamp

 A two-weeks long rigorous bootcamp on team building, product and marketing validation, financial and legal framework. 

Accelerator training

BYLC's world-class business accelerator training, led by industry experts, offers training on strategies and best entrepreneurship practices from top leaders around the world. Leave BYLC Venture’s accelerator training with a solid strategic plan and a network of partners, investors, and mentors.

Support beyond money

At BYLC Ventures, in addition to funding, we offer our founders access to business and professional networks that are a necessity to operate and scale a business in Bangladesh. Our pool of mentors and advisors include industry leaders from diverse sectors who commit to sharing their time (and sometimes money) with our founders and help grow their business. Furthermore, we have signed up the most business-savvy professionals in the entrepreneurial ecosystem to guide you on all things legal, financial, and corporate so that you are set up for success from early on. 

Founder-focused curriculum

Designed to help you thrive in a challenging business environment, our curriculum has been co-created with globally recognized experts with a proven track record of running accelerators

Leadership development

Using experiential teaching methods, our workshops focus on building your capacity to better understand and manage yourself as well as to inspire and mobilize others toward common business goals

Sales-focused pitch clinics

Whether an elevator pitch to a potential business contact or building an investor deck, we help you sell your numbers and potential to investors, new team members, and business partners

Brutally honest feedback

Real investors, angel and institutional, from Bangladesh and abroad have signed up with us to give you "brutally honest" feedback when you need it the most—during the business building phase

Virtual CFO

Our in-house experts, who have previously raised funding from international VCs, will provide guidance on managing your accounts and how best to build your financial models 

Legal support

Lawyers from our legal partner organization will provide full board secretarial support as well as contract vetting

One-on-one mentoring

Bi-weekly check-ins with resident entrepreneurs to push you towards your goals and help you make mid-course corrections

Mentor matching

Matching each founder with an experienced founder from a closely related industry for expert advice and mentoring

Know Our Startups

Ecovia

A bioplastic innovator of paper and cotton fabric scraps. The aim of Ecovia to counter plastic pollution by providing eco-friendly alternatives to conventional plastics.

Jummushroom

An AgriTech company working on mushroom production and biofloc fish farming to supply fresh, hygienic, and natural products. Delivering hilltract speciality food and fruits via their ecommerce platform called Hillsbazar.

Selvice

An online marketing platform for event logistics

Tinkers

An Edtech company that specializes in teaching Bengali to non-residential Bangladeshi kids. The one-on-one service, Aamar Vasha is for children hoping to improve their Bangla language skills in an easy, interactive, and fun way.

Babywala

An Ecommerce platform where a mother can have access to all baby and mothercare essential and women hygiene products.

Malamal.xyz

An Ecommerce platform which specializes and focuses on delivering best industrial products at best prices to its B2B customers.

Khelbei Bangladesh

An one stop platform for online sports training, accessories and facilitator of sports with real time feedback.

ParentsCare.xyz

Parentscare is a healthcare platform that connects patients to high profile doctors, as well as provide facilitation to take care of elderly patients and deliver medicines.

Porte Chai

Peer to peer ed-tech company which focuses on teaching university students with their courses and skills training which they are looking for.

Smartifier Academy

Company specializes in developing soft skills of the youths, and working toward making soft skills training easily available for all over Bangladesh.

Oditiya

Online logistics platform which focuses on supporting f-commerce with their products and delivers them on shortest possible lead time at the lowest price.

FarmEX.SHOP

Agro Based company which specializes in aquaponics and hydroponics farming, both for farmers and rooftop gardeners.

Greeniculture

Agro Based company which specializes in good agricultural practices through bio fertilization of soil and help farmers and rooftop gardeners with it.

Start Your

Entrepreneurship Journey

Our Team

Ejaj Ahmad

Founder and President , BYLC

Barisha Rabbe

Manager, BYLC Ventures

Habibullah Tamim

Senior Executive, BYLC Ventures

Mahabub Rabbani Aritro

Executive, BYLC Ventures

Frequently Asked Questions

No, it does not cost anything to apply to BYLC Ventures. If you are selected, then you will have to participate in the next stages, which is the BYLC Ventures bootcamp. 

BYLC Ventures will absorb most of the costs associated with the accelerator program. However, there will be a fee of BDT 200,000 to cover costs of company formation, legal fees for company secretarial support, leadership coaching, and a virtual CFO. This amount will be deducted from the BDT 800,000 awarded to the winning startups.

We believe that social impact and profitability are not necessarily mutually exclusive. BYLC Ventures is looking for entrepreneurs who have creative ways of addressing socio-economic challenges through business acumen. 

Yes, BYLC Ventures will take a flat 8% equity in your company at a post-money valuation of BDT 10,000,000 (one crore). The amount is non-negotiable regardless of prior valuation of any funds raised.

Selected startups will get in-house mentoring and networking support along with a seed funding of BDT 800,000 with the option of BDT 1,500,000 as additional scale-up funding, as well as a fully furnished co-working space for one year in Dhaka, access to a world class business accelerator curriculum, connection to investors, full legal and financial support, and rigorous leadership training. 

We receive and process applications from all over Bangladesh. Regardless of their base of operations, the founders of the winning teams will have to attend the accelerator program at BYLC premises at 28 Mokhakhali C/A, Dhaka. The co-working space is also located at the same venue.

Yes. We believe that great founders are needed to build great companies. BYLC Ventures’ playbook is designed keeping the founders in mind. Our accelerator program is designed for those who will make the critical business decisions that will eventually help the business become more invest-able.

At least two co-founders must be present in each session. Co-founders need to be present for at least 10 hours per week. Our curriculum and mentoring is customized based on the learning needs of each cohort. Therefore, missing out on the sessions will mean that the essential teaching of the program has not been imparted to the people running the business.

We are a sector-agnostic, early stage accelerator program. However, we will give preference to businesses that have shown some traction in the market. 

The 3rd cohort of BYLC Ventures will begin from March 14, 2021 where the most promising business ideas will be chosen from a large number of applications. Through rigorous assessments, 50 of the most promising ideas will be selected to attend the BYLC Ventures Bootcamp in April 2021. Based on the performance of the bootcamp, up to 5 companies will be able to secure a place in our accelerator program beginning from June 2021. 

Supported by

Partners



Address
Medona Tower (Level 12)
28 Mohakhali C/A
Dhaka 1212


Contacts
Email: ventures@bylc.org 
Phone: +880 195 844 7278



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