The joint initiative formed by digital product provider Miaki, SOSV and SBK will target Bangladesh-based seed-stage tech startups, having already chosen three candidates for a maiden cohort.

Bangladesh-based digital services group Miaki has teamed up with venture capital firm SOSV and impact investment fund SBK Tech Ventures to form a startup accelerator, TechCrunch has reported. Dubbed SM², the scheme will focus on seed-stage technology companies based in Bangladesh. It will invest about $100,000 in each initial deal with the possibility of follow-on funding, SBK founder Sonia Bashir Kabir told TechCrunch. Founded in 2010, Miaki provides a digital offering which includes web and app development, digitalisation and automation for enterprise customers operating in the healthcare, agriculture, education and entertainment industries. The accelerator has already selected three startups for its first batch set to launch this month. The partners will supply funding, and the portfolio companies will additionally get hands-on support from SBK. Kabir added: “Technology has always enabled people and companies to be more productive, but post-covid, the world witnessed how technology played an instrumental role in becoming the great equaliser. I am bullish about Bangladeshi tech startups which aim to solve problems of the masses.”

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.