Six projects approved for funding
86th Social Business Design Lab held
The 86th Social Business Design Lab yesterday approved six projects for funding from various social business funds.
The programme took place at the Grameen Bank Auditorium in the capital. About 150 participants and observers, from national and international organisations with diverse background attended the programme, including a large number of international visitors, says a press release.
Yesterday, six new social business plans were presented, all of which were Nobin Udyokta businesses presented by young entrepreneurs coming from Grameen Bank borrowers families. It include a range of interesting business with colourful products including Complete Ladies Shop and Parlor producing ladies clothing and decoration products by Fahmida Tanjim, Lamea Bag House producing cloth carry bags by Rubel Ahmed, Lima and Fatema Machinery Store by Liton, Amena Phool Nursery producing cut flowers for sale in the city by Masud Rana, Ritu Enterprise producing handloom Shuttles by Ritu Sutrodhor and Bhai Bhai Handmade Soap by Runa Begum, the statement said. These business plans were presented by each of the young entrepreneurs including all details of project plan,
marketing plan, and sustainability plan.
There were several rounds of discussions on how each social business could be improved and strengthened during the main session as well as in breakout sessions.
All six of the social business projects were approved for funding from various social business funds.
These projects would be reviewed in the upcoming Labs, and through regular reports on Social Business Pedia, the statement added.
The Design Lab was chaired by Nobel Laureate Professor Muhammad Yunus. He reported that to date since January 2013, a total of 1175 projects had been presented during 86 labs of which 1150 projects were approved for investment, and most of these already in operation.
Professor Yunus thanked the participants for the innovative social businesses and noted that it was exciting that so many ideas were now a reality and how impressive it was that entrepreneurs coming from so far away could present their business plans and defend them in front of distinguished international audience.
The next Social Business Design Lab will be held on July 11, he added.
