Bangladesh, Aug. 16 -- Startup Bangladesh Limited (SBL) has launched the Tk 4 billion Bangladesh Fund of Funds to mobilise local, international and development capital for the country's startup ecosystem.

Advertisement The government-backed initiative opened with a Request for Expression of Interest (REOI) at a programme held at the ICT Division in Dhaka on Sunday.

Startup Bangladesh is the government's flagship venture capital and fund management company under the ICT Division.

The Bangladesh Fund of Funds marks a shift in how public capital supports innovation in the country.

Rather than investing only in individual startups, the fund will channel capital through selected professional venture capital fund managers.

This model is ...