BD Post Desk
Jayesh Parekh, Managing Partner, Jungle Ventures says
Besides, it can provide matching funds and other schemes to the venture capital firms like many other countries including Silicon Valley and Singapore.
Jayesh Parekh, Co-founder of Sony Entertainment Television and Managing Partner of Jungle Ventures said this while sharing his professional and entrepreneurial journey at a seminar co-organised by TiE Dhaka and Entrepreneurs’ Organization (EO), Bangladesh Chapter at a restaurant in the capital on Tuesday.
Hossain Khaled, President, EO Bangladesh and Shameem Ahsan, President, TiE Dhaka were present at the programme. Participants from over 100 people from several industries, SMEs, government bodies, embassies, corporate and academic institutions along with a large number of Bangladeshi entrepreneurs, TiE Dhaka board members, TiE Dhaka charter members, EO Bangladesh members, investors, incubators, startup mentors, C-level executives, attended.
Sanchayan Chakraborty, Partner and Heena Khushalani, Program Manager of Aavishkaar also attended the programme. Aavishkaar, a venture capital firm based in India that invests in micro and small enterprises that increase income or provide necessary goods and services to rural or semi-urban India. Among others, Sonia Kabir, Former President, TiE Dhaka;Tahsin Aman, Board Director, TiE Dhaka; Md. Zia Uddin, Forum Chair, EO; Eric Chowdhury, Integration Chair, EO; Faatin Haque, GSEA Chair, EO; Naweed Rashid, Forum Co-chair, EO; Omar Mohammad Bhai, Strategic Alliance Chair, EO; Ahad Mohammad Bhai, Marketing Chair, EO were also present. Hossain Khaled, President of Entrepreneurs’ Organization, Bangladesh Chapter said, “In line with EO Bangladesh’s focus, such events help the entrepreneurs to engage and in attracting global interest. We are hoping entrepreneurs from around the world will also be able to find new opportunities in Bangladesh to do business.”
“Bangladesh is yet to develop a nurturing ecosystem for the young entrepreneurs. Majority of the entrepreneurs struggle in their early years of business while connecting to the right mentors and investors. With these programs from TiE Dhaka we are working to help the budding entrepreneurs createstrategic tie-ups with global investors and mentors. We have also taken an initiative to create an angel investment network. TiE Dhaka will work towards building a strong angel network ecosystem in the country.” said Shameem Ahsan, President, TiE Dhaka.
The speakers added that often when Government makes venture capital funding, it creates bureaucracy and conflicts of interests and more often than not the companies fail. Also the companies that don’t get government funds are usually get deprived from other projects or supports.
Jayesh is an active global angel investor and venture capitalist based in Singapore. Jayesh is also a co-founder of Sony Entertainment Television, a major television network launched in collaboration with Sony Japan. Prior to that he spent over 12 years at IBM in various senior technical and marketing positions based in Houston and Singapore, and was a part of the team that brought IBM back to India.
Organisers of the event TiE Dhaka and Entrepreneurs’ Organization (EO), Bangladesh Chapter are both part of global non-profit entrepreneurial organizations best known for networking. TiE was started in Silicon Valley in 1992 by a group of committed entrepreneurs who wanted to give back to the community and foster wealth creation. On the other hand, founded in 1987 by a group of young entrepreneurs, EO enables business owners to learn from each other, leading to greater business success and an enriched personal life.