Startups Show Promise, Progress At GP Accelerator’s 2nd Cohort Demo Day
GP Accelerator, country’s first startup accelerator program by Grameenphone, held demo days for its second batch of startups on December 4. Five startups, working in healthtech to adtech to data analytics to digital travel platform, pitched their business ideas to a room full of guests, mainly angel investors, VCs, Media people and corporate executives. The event, took place at the GP House located in Bashundhara, was packed with investors, startups enthusiasts, and different stakeholders. Here is the complete list of startups:
CramStack: A data analytics platform using analytics pipelines and models tailored to enterprises to bring deeper insights from the enterprise data.
Socian: Short for Social Analytics, is an Analytic platform which processes data obtained from Social Media to understand what and how people are talking about a brand.
CMED: This is a cloud-based Medical system which is low cost, affordable, easy to access for people of Bangladesh to monitor health that can prevent health risk and reduce healthcare cost.
BuzAlly: It engineers mobile marketing for brands, harnessing simpler engagement and targeting audiences to give a better brand experience. Their first product is an innovation called missed call marketing.
Ghuri: Innovative travel solution provider for hotel & tour package reservations in Bangladesh as well as outbound tours to foreign countries.
Given that Bangladesh startup ecosystem is in its very early stage, this batch of startups from GP Accelerator is of high quality, diverse, more technically sound and has done an impressive job in terms of getting traction.
Building a product, earning early customers and funding, can be difficult for fledgling startups. But the graduating batch of GP Accelerator proved at Today’s Demo Day that they’ve already achieved those milestones and more.
GP Accelerator is a four-month long accelerator program by Grameenphone in collaboration with SDAsia. The program, launched in October last year, offers BDT 11 lakh worth of seed investment for a 10% equity, provides training, workspace in GP House, expert mentors and a set of contacts along with the opportunity to access to potential investors to selected startups. This is the second cohort of the program. The first batch of startups from the program came out in February this year. [Cue: you can find about the first batch of startups here].
Image by GP Accelerator