Bangladesh Business Matchmaking Program

Innovation Norway's Business Matchmaking Program in Bangladesh that was launched in 2010 has proved to be a win-win program for Norwegian and Bangladeshi companies alike.


About the Program 

 

The objective of the Program is to establish sustainable and profitable business ventures between Norwegian and Bangladeshi companies, and in the process reduce poverty in Bangladesh through increased employment opportunities and company profits. The Business Matchmaking Program (BMMP), funded by NORAD, is run by Innovation Norway.

The matchmaking program is not funding or financing projects, but supporting Norwegian companies identify suitable Bangladeshi companies to partner with.

The preferred forms of partnerships include:

  • Joint Ventures
  • License Production
  • Long term project co-operation
  • Market collaboration and development

 

A win-win collaboration

 

Norwegian companies are industry-leading in several sectors, for instance oil and gas, renewable energy, aquaculture and marine fisheries, ship building and maritime, IT and telecom. These companies also have a pool of well-educated employees. One of the requirements of the BMMP 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 their 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 (knut.bolstad@innovasjonnorge.no) at Innovation Norway’s headquarters in Oslo. In Bangladesh, Sayeed M. Bayzid (bsay@mfa.no) is the Project Manager. He is based at the Royal Norwegian Embassy in Dhaka. 


 


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