3 startups clinch awards at Youth Co: Lab for innovative solutions for environment

3 startups clinch awards at Youth Co: DHAKA, Dec 19, 2021 (BSS) – Three promising youth-led pro-environment startups have clinched US$ 10,000 in grants and mentorship in the fourth edition of Youth Co: Lab Bangladesh’s Springboard Programme, co-created by the United Nations Development Programme (UNDP) and Citi Foundation.

 

 

3 startups clinch awards at Youth Co: Lab for innovative solutions for the environment

 

Safepad Bangladesh, which works to produce environmentally friendly and safe sanitary products, received US$ 5,000.

Borac Energia, which produces recycled Li-Ion batteries, came in second to win US$ 3,000. Pcycle, which works to build a waste-management ecosystem, won US$ 2,000, a UNDP press release said.

“This is the platform where our young innovators are addressing the problems of the current world as well as the future world,” State Minister for ICT Division Zunaid Ahmed Palak said at the event.

“It pleases me immensely to see your innovations in the digital and technological sphere. In you, I see the job creators of the future and the problem solvers of digital Bangladesh. I leave you with one advice that our Honorable Prime Minister told me: If you want to go far, innovate together,” he said.

 

 

The ten finalists, who pitched their ideas at the Grand Pitch Day event held at The Westin Dhaka on December 19, 2021, also included Deshifarmer, Max TapWater, MILE, Pratibha, Psycure Organization, TransEnd and Recycle Jar Ecosystem.

Selected from 55 applicants, the ten startups attended a two-day grooming boot camp before the event.

“We are confident that the impact enterprises here are going to be among the first to usher in the green economy for Bangladesh,” Van Nguyen, Deputy Resident Representative of UNDP Bangladesh, said.

“As the country graduates from Least Developed Country, we need to support more ventures which are coming up with innovative and low-carbon solutions for a greener Bangladesh.”

She also emphasized UNDP’s commitment to continue supporting innovative business models driving improved productivity, competitiveness, resilience and sustainability of enterprises and jobs.

The Youth Co: Lab Springboard Programme is an incubation platform for young SDG entrepreneurs to turn innovative SDG solutions into sustainable businesses.

 

 

The initiative has already supported 30 Bangladeshi youth-led impact enterprises. For its fourth edition, the programme has gone beyond the usual and provided prize money to the winners in addition to mentorship and networking support.

Shams Zaman, Director and Head Bangladesh Banking, Capital Markets and Advisory, Citi, remarked, “Youth Co: Lab is a very important platform that adheres to Citi’s ideology of supporting entrepreneurship, including enterprises led by Bangladeshi youth.”

The panel of judges included Christabel Randolph, Director, Legal and Corporate Affairs, Marico Bangladesh; Shams Zaman, Director and Head Bangladesh Banking, Capital Markets and Advisory, Citi; Radwan Mujib Siddiq, Strategic Advisor, UNDP Bangladesh; and Abul Kalam Azad, Special Envoy, Climate Vulnerable Forum Presidency of Bangladesh, Former Principal Secretary, and Principal Coordinator of SDGs, Prime Minister’s Office.

 

3 startups clinch awards
3 startups clinch awards

 

The event was moderated by Mahmudul Hasan, Youth Coordinator, UNDP Bangladesh.

 

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