About the Program
The objective of the Program is to establish sustainable and profitable business ventures between Norwegian and Bangladeshi companies, and reduce poverty in Bangladesh through increased employment and company profits. The Business Matchmaking Program (BMMP) is funded by NORAD, and run by Innovation Norway.
The most common forms of partnerships includes:
- Joint Ventures
- Outsourcing
- License production
- Long term project co-operation
- Market collaboration and development
The matchmaking program is not funding or financing projects, but supporting Norwegian companies in the process of finding suitable Bangladeshi partners.
A win-win Collaboration
Norwegian companies are industry-leading in several sectors, for instance oil and gas, solar, fish and shrimp farming, ship building, IT and telecom, and have a pool of well-educated employees. One of the requirements of the BMMP program is for the cooperation to include a transfer of capital, knowledge, competence and/or technology, making cooperation desirable for Bangladeshi companies looking for growth opportunities.
In the screening phase of the matchmaking process, Norwegian companies are assessed and the potential for a successful venture in Bangladesh is determined. Businesses accepted in the program are serious players that have met a set of economical, managerial and organizational requirements.
For Norwegian companies Bangladesh offers competitive advantages such as a large labor pool, competitive salaries, access to a domestic market of 160 million people and reduced import duties to a broad range of countries.
Contact Persons
The program is monitored by Mr Knut Bolstad at Innovation Norway’s headquarters in Oslo. In Bangladesh, Tazeen Monir Choudhury is Project Manager for the program. She is based at the Royal Norwegian Embassy in Dhaka.