North South University Startups Next and Community Bank Bangladesh PLC signed a Memorandum of Understanding on Monday at North South University, says a press release.
The strategic partnership aims to foster entrepreneurship and provide banking support, essential financial literacy, funding opportunities, and ecosystem support for early-stage startups in Bangladesh.
The agreement was signed by Kimiwa Saddat, managing director, current charge, of Community Bank Bangladesh PLC and Professor Abdul Hannan Chowdhury, vice-chancellor of North South University, on behalf of their respective institutions.
Senior officials from both organisations, including Samuel Mursalin, director, in-charge of NSUSN was present at the signing ceremony.
Through this collaboration, Community Bank Bangladesh PLC will provide specialised training and workshops to NSUSN ventures on critical financial topics such as Letters of Credit, international business operations and loan application processes. The Bank will also explore opportunities to extend preferential services, and potential funding support for NSUSN鈥檚 incubation programmes.
Speaking at the ceremony, Kimiwa Saddat stated, 鈥楥ommunity Bank is delighted to partner with NSUSN to support young entrepreneurs who are shaping the future of Bangladesh鈥檚 economy. By equipping them with financial knowledge and resources, we aim to strengthen their journey toward sustainable growth.鈥�
Professor Abdul Hannan Chowdhury added, 鈥楾his collaboration between Startups Next and Community Bank adds a crucial financial dimension to our support system, enabling startups to scale confidently and contribute to the national economy.鈥�
The MoU underscores both organisations鈥� shared vision of cultivating a vibrant startup ecosystem by bridging academia, industry, and finance. Together, Community Bank and NSUSN will drive joint initiatives, including seminars and mentorship programmes to inspire and empower the next generation of innovators.