After the successful completion of GP Accelerator Batch 1, Grameenphone received the second batch of GP Accelerator in the presence of Begum Tarana Halim, MP, State Minister for Ministry of Posts, Telecommunication & ICT.
The GP Accelerator program, in partnership with SD Asia, has been designed to support early-stage, homegrown tech startups. These startups are provided with an intensive, rapid and immersive training over the four-month program. The startups are provided with BDT 11 lakh in seed funding each, work space in GP House, and a weighty set of industry contacts to speed up the life cycle of their businesses. This fixed-term, cohort-based program allows the ventures to build a robust business model, become investable and scale them up.
The top five startups of the second batch had to go through a rigorous, multi–staged process to acquire the sought after GP Accelerator spots. The selectors had a tough job to review over 500 submitted applications before selecting the final five.
The GP Accelerator program, in addition to essential resources, provides qualified mentors with prior experience in various fields to help the ventures get a lot done in short period of time. In exchange for a minimal equity share, every team joining is offered a package, including seed funding. The program, lasting for about four months, ends with a grand event, a demo day, where startups pitch to a plethora of experienced investors, partners and key clients.
Grameenphone is leading Telenor’s ambition and has been promoting local digital entrepreneurs and talents to come up with more and more digital content, services and concepts through different platforms. GP Accelerator is one of such platforms which are giving these local startups access to Grameenphone’s vast experience about the customers in Bangladesh and its resources.
About the start-ups:
CramStack: A data analytics platform using analytics pipelines and models tailored to enterprises to bring deeper insights from the enterprise data.
Socain: 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.