Dhaka, May 8 -- The widely-discussed Bangladesh Startup Investment Company (BSIC), owned by 39 commercial banks, will officially be launched on Tuesday next with no concrete decision over the use of foreign bank funds.

The decision on keeping central bank representatives in the operational process for better use of the investment to facilitate promising economic ventures has not been made yet.

Under the guidance of the Bangladesh Bank (BB), the equity-backed public limited company with an initial paid-up capital of Tk 4.25 billion has been formed with contributions from 39 commercial banks to finance startups across the country, sources say.

To ensure access to equity financing for the least-focused business areas, the central bank is ...