ONKUR — Bangladesh Fund I is BSIC's inaugural vehicle: a USD 35 million pool of institutional capital from 39 commercial banks, deployed alongside global venture capital into the country's most ambitious startups.
Convert Bangladesh's banking sector — the country's largest pool of institutionally managed capital — into a direct driver of startup growth, job creation, and new industry formation, while attracting global capital inflows.
Direct equity investment into high-growth startups. Co-investment alongside global institutional VC funds. Domestic anchor to bring in foreign capital into Bangladesh.
Establish a credible institutional vehicle delivering financial returns, measurable innovation impact, and positioning Bangladesh as an investable destination for global VC and FDI.
Board Charter, Investment Committee, Shareholders' Agreement, and compliance frameworks aligned with Bangladesh Bank directives and the Companies Act.
Banks contribute up to 1% of annual net profits, converted into equity stakes with clearly defined capital-call mechanisms and shareholder protections.
End-to-end deal flow from sourcing through diligence, IC approval, and portfolio monitoring — using equity, SAFEs, and convertible instruments.
Co-investment isn't just how BSIC invests — it's how BSIC accelerates your fundraise. Local institutional capital that matches the foreign lead, opens local doors, and closes rounds at global standards.
The founder lines up a credible institutional lead investor — a global or regional VC firm willing to anchor the round.
BSIC commits matching capital alongside the lead — turning a foreign-led round into a larger, mixed-capital round.
BSIC's local team conducts deep diligence on the ground — findings shared transparently with the global lead.
BSIC's reputation lends trust to local families, corporates, and family offices — bringing domestic capital alongside.
The round is structured to global benchmarks, properly documented — and closed fast.
Singapore's Temasek and GIC built their ecosystem this way — co-investing alongside tier-one firms until their domestic capital base could lead on its own. BSIC does the same for Bangladesh.
BSIC's mandate extends beyond deploying capital. It is designed to strengthen the foundations of Bangladesh's innovation economy — partnering with ecosystem players to develop early-stage founders from the ground up.
Partner with leading Bangladeshi universities to launch structured accelerators that identify, train, and fast-track student and faculty-led ventures into investable startups.
Structured mentorship tracks connecting early-stage founders with experienced operators, investors, and diaspora professionals — building the next generation of Bangladeshi entrepreneurs.
Collaborate with existing accelerators, incubators, and ecosystem organisations across the country to co-develop programming, source deal flow, and strengthen the early-stage pipeline.
Extend startup support to Chittagong, Sylhet, Rajshahi and secondary cities — catalysing entrepreneurship where it's needed most through local partnerships and targeted programming.
BSIC is backed by Bangladesh's leading commercial banks, whose capital forms the institutional foundation of ONKUR — Bangladesh Fund I.
All 39 shareholder banks of ONKUR — Bangladesh Fund I.
Coverage of the Onkur Bangladesh Fund I launch from regional and global technology media.
May 2026
May 15, 2026
May 12, 2026
May 13, 2026
Modeled across fintech, agritech, edtech, healthtech, logistics, SaaS / AI, and RMG infrastructure — where Bangladesh's late-seed → Series B opportunity is concentrated. A small fund, compounded through co-investment and ecosystem network effects, delivers outsized outcomes.
Inclusion-focused sectors compound through agent networks, smallholder reach, learner pipelines, and digital formalisation — well beyond a typical tech-portfolio multiplier.
For shareholder banks, founders, ecosystem partners, and international venture capital firms interested in co-investing — we welcome your engagement.