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Grameenphone Launches GP Accelerator 2.0

Grameenphone has announced a new version of its Grameenphone Accelerator program dubbed GP Accelerator 2.0 with a few consequential changes. This year, with the launch of Grameenphone Accelerator 2.0, Grameenphone takes a step further to reach out to tech innovators and startups across the country and help them transform their ideas to minimum viable products through a pre-accelerator. Tech innovators and startups from across the country can register online. At the pre-acceleration round, 25 selected startups will go through product research, design, validation and company formation. The deadline for the pre-acceleration round is until May 15, 2019.

More advanced startups can apply directly for the accelerator program until July 15, 2019, where a four and half month’s training will be provided by expert mentors from home and abroad. GPA 2.0 is a collaborative program where investors and key startup ecosystem players are all are coming together to design the curriculum and deliver it. The startups accepted for the accelerator program will receive go to market support, scale and growth boot camps conducted by expert global mentors, workspace at GP house, access to GP distribution channels and opportunity to pitch to local and global investors.

Since the launch of GP Accelerator in 2015, GP Accelerator has been Grameenphone’s key initiative to help early-stage tech startups through a cohort-based, mentor-led and curriculum-driven open innovation platform. So far, 19 startups have launched their services or products from a total of 26 participating startups.

Mr. Zunaid Ahmed Palak, MP, State Minister of ICTD, Ministry of Post, Telecommunication and Information Technology said, “As always, this government is one hundred percent committed to ensuring the considerable growth in the ICT sector through increasing the overall business potentials which will lead us to an eventual powerful economy. GP Accelerator is a great example of an enabler that has produced promising results with its startups. I would like to wish the participants best of luck.”

Grameenphone CEO Michael Foley stated, “As one of the most responsible entities for building a digital ecosystem in Bangladesh, Grameenphone works together with the government in every possible endeavor. We consider this platform as a very powerful tool to inspire youths to take the country forward and Grameenphone is happy to be a partner in this journey. New businesses and business models are entering our market at breakneck speed. We need young Bangladeshi tech entrepreneurs as much as they need us.”

Deputy CEO and CMO of Grameenphone Yasir Azman said, “To unleash the true potential of Digital Bangladesh we need innovation and engagement from our youth. While building its high-speed data network all over the country, Grameenphone also created a platform for the youth through an accelerator program. Through this program, innovative solutions to problems were discussed and developed through mentorship and access to investors. As one the ecosystem players Grameenphone is committed to facilitate innovation and engage the youth meaningfully.”

Minhaz Anwar, Head of Startup Ecosystem at Grameenphone said, “GPA 2.0 is a great leap forward towards building the Bangladesh StartUp Ecosystem quite a few notches up. It is truly collaborative where the program serves the purposes of the partner entities well and therefore, securing a long-term future for it. We look forward to welcoming the brightest of the Bangladeshi founders, innovators, and startups to Grameenphone Accelerator.”

Launched in October 2015, GP Accelerator offers a four-month-long program to a select batch of startups along with a seed fund. The program, the most active of its kind in the country, claims that it has been designed to support early-stage, homegrown tech startups. Selected startups are provided with an intensive, rapid and immersive training over the four-month program along with other benefits such as workspace in GP House, contacts and mentorship. With the launch of GP Accelerator 2.0, the program aims to reach and support a greater number of entrepreneurs in Bangladesh.

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