YY Goshti has partnered with the Netherlands Enterprise Agency to strengthen the social business and start-up ecosystem of Bangladesh and incubate 60 startups that are working to create a Bangladesh of Zero Poverty, Zero Unemployment and Zero Net Carbon Emissions. As part of the partnership, Netherlands Enterprise Agency (in Dutch ‘Rijksdienst voor Ondernemend Nederland’), a governmental agency of the Kingdom of The Netherlands that is stimulating youth entrepreneurship across Africa, the Middle East, Latin America and Asia, will support YY Goshti’s effort to inspire and support young social entrepreneurs while they transform their communities by building scalable social businesses.
YY Goshti, the prime social business incubator of the country, was founded in 2016 with support from EMK Centre and recently brought under the umbrella of YY Ventures Limited, a social business company created in collaboration with ‘Yunus Centre’ to inspire innovation, support social business entrepreneurs and drive change. YY Goshti offers an intense, rapid, and immersive education to accelerate the life cycle of innovative social businesses in Bangladesh and Central African Republic that are solving pressing social issues of our times.
YY Goshti’s home grown social business incubation methodology creates direct interaction between experienced mentors and real-life office situation – so that the right kind of help is provided to the incubatees and the entrepreneurs can grow exponentially. Incubatees are provided with world class training, 4 months long mentorship, workspace and access to resources. Through YY Goshti’s incubator, 36 social entrepreneurs have impacted 80,819 lives in Bangladesh. They have also created 1108 jobs for the youth along the way delivering on our promise of zero unemployment.
A study conducted by the General Economics Division during May and June in 2019 has shown that Bangladesh’s employment elasticity has fallen to 0.55 in 2005-06 to 0.25 in 2017-2018 even with a GDP Growth of 6.6%. Also, unemployment has been found to be higher amongst educated youth than youth with primary education. Number of unemployed females has also risen from 1.2 million in 2018 compared to 1 million in 2010. Entrepreneurship may enable the youth to not only add skills to their capabilities, but also produce a ripple effect and create more employment opportunities for those in need while contributing to the growing economy. We are proud to be working with Netherlands Enterprise Agency to address these challenges head on.
Throughout this journey, YY Goshti will also be leveraging its existing partnerships with Grameen Telecom Trust and Impact Hub Association to set up ‘Impact Hub Dhaka’ to offer inspiring space, meaningful content and a thriving community to our bold entrepreneurs.
If you are interested in working with YY Goshti or if you know someone who would benefit from our incubation program, click here to learn more about our work and how social entrepreneurs can join our journey.