Venture capital is the capital invested in a new business or project in which there is a substantial element of risk. Young entrepreneurs who take the risk of starting a new business or startup need that initial funding. We want to bring venture capital to Bangladesh in a big way.”National Professor Jamilur Reza Chowdhury, however, suggested involving private sector in the process. “Government cannot do venture capital,” he said, “Government officials, whatever the reason - training or mindset - are focused on risk aversion. They will not want to take the risk for fear of enquiry if someone defaults on loan repayments.”“In venture capital you have to take risks.

Source: bd News24 December 07, 2018 15:22 UTC