Abstract:
As the IT industry progresses, there are a lot of advancements being made in the technology. This
opens the door for entrepreneurs to leverage the power of IT to power their unique business ideas.
The sheer power of IT has also enabled businesses to become more efficient, cutting down the
operational costs.
Bangladesh’s government have been focusing on leveraging the power of IT to create an impact
within the country. It aims to create a full digital Bangladesh under its ‘Vision 2021’ and ‘Digital
Bangladesh’ projects.
The advancements in IT industry ensured that newer opportunities open for entrepreneurs, and this
has led to a wide array of different tech startups to emerge out of the blue. Out of all of them,
Pathao and LightCastle Partners are the most successful each in their respective fields of operation.
Along with highly successful startups, there have been some startups that failed. The failure was
accounted due to a number of reasons, including inefficiency of operation, failure to meet market
demand and high charges.
Nevertheless, the IT industry within Bangladesh and in the global market seems very promising
for IT entrepreneurs all over the country. The entrepreneurial ecosystem have become friendlier
for the startups as a whole, with more accelerator programs, venture capital firms, angel investing
firms and a lot more is being created.
