Innovation ecosystem to be built, Palok at KEPZ function

PV Desk : Bangladesh Hi-Tech Park Authority will create digital entrepreneurs to increase the pace of private investment by building an innovation ecosystem in the country. The younger generation will focus on job creation instead of looking for jobs.

State Minister for Information and Communication Technology Junaid Ahmed Palak made the remarks at a function at the Korean EPZ office building in Anwara, Chittagong, on Monday (February 22nd).

The event was organized on the occasion of the signing of a tripartite memorandum of understanding between Bangladesh Hi-Tech Park Authority, Korean Export Processing Zone (KPZ) and Startup Bangladesh Limited for the development of high-tech industry, startup and innovation ecosystem.

Under the agreement, the Hi-Tech Park proposed by the Korean EPZ on an area of ​​about 100 acres was declared as a private Hi-Tech Park by the Bangladesh Hi-Tech Park Authority. In addition to providing policy support for investment, they will work together. Bangladesh Hi-Tech Park Authority will assist in setting up zone specialized labs in Korean EPZ. At the same time, various facilities including training will be provided to the entrepreneurs.

Under the agreement with Korean EPZ, Startup Bangladesh Limited will jointly train Bangladeshi and Korean startups, participate in overseas conferences, use modern technology, conduct research and create new entrepreneurs.

Hosne Ara Begum, Managing Director (Secretary) on behalf of Bangladesh Hi-Tech Park Authority, Tina Jabin, Managing Director on behalf of Startup Bangladesh Limited and Mr. Chairman and CEO on behalf of Korean EPZ. Kihak Sang signed the Memorandum of Understanding.

South Korean Ambassador Lee Jang-kyan and Senior Secretary of the Information and Communication Technology Department NM Ziaul Alam were also present.
On behalf of the Bangladesh Hi-Tech Park Authority, Managing Director (Secretary) Hosne Ara Begum said Bangladesh is ready to build five high-tech parks at the moment. Privately, Tk 327 crore has been invested in the parks. With this, 13 thousand youths have got employment.

Edited By-SPT