In 2019, the Pathfinder leased 1,556 square feet of commercial space in KDA Avenue to house the incubator. The facility’s location, a broad, open, and commercial area near the center of the city.
The objective of establishing a business incubator is to accelerate business growth and success and decrease the likelihood of failure. This in turn creates new jobs, diversifies the industrial base, and enhances quality of life in the community.
The objectives of the Pathfinder are to
- Advance the Pathfinder’s goal of increasing middle-wage jobs through economic growth
- Help advance and promote small business growth and workforce development in the greater Khulna area
- Helping companies get established and rooted in the Khulna community—so that after graduation—they become permanent contributors to the overall vitality, diversity, and growth of the country’s economy.
- Support a collaborative atmosphere that allows thought-sharing and creative exchange.
- Provide training and support in obtaining funding for future growth by facilitating the interaction with investors.
- Nurture business with access to experts that comprise our angel investors.
- Teach and organize technical workshops to train in fast growing areas of business-technology.
- Create an environment that stimulates creative interactions among industry, investors and government.
- Provide physical space and services that fit the needs of targeted early-stage businesses. Identify prospective members, determine facility layout and usage, and create a plan to identify members and prepare for member usage.
What We Do
A comprehensive service delivery system that actively identifies and advances economic development opportunities in Khulna, Bangladesh.
- Value-Added Services. Clearly define the services the City of Khulna can provide to existing businesses and businesses looking to relocate to Khulna.
- Launch and manage a business incubator.
The mission of the Khulna Business Incubator is to increase the successful development of emerging businesses in the community’s target industry sectors. These new businesses will in turn create new jobs, increase tax generation, and create wealth, which ultimately causes a chain reaction of community benefits through the multiplier effect.
The proposed mission statement for the Khulna Business Incubator is:
“To facilitate and catalyze innovation, entrepreneurial development, and business success that fosters sustainable economic growth in Khulna.”
The incubator vision statement closely adheres to the Khulna Comprehensive Plan vision and Ten-Year Economic Development Strategic Plan vision and guiding principles:
Khulna’s economic development approach and strategy are guided by the framework below, taken from the Ten-Year Economic Development Strategic Plan. Given that the proposed business incubator is an action contained within that economic development strategy, it adheres to the same vision and principles.
We believe entrepreneurial thinking and acting is the core competency of humanity in the 21st century.
We believe in the power of community and collaboration. Across industries, technologies and borders.
We believe innovation is vital and should be guided towards greater personal, organizational and societal achievements.
KHULNA IS ON THE DEVELOPMENT HIGHWAY
A number of mega projects including infrastructure development of Mongla port, Rampal thermal power plant, Khulna-Mongla railway line and construction of Padma bridge are underway in the south-west including Khulna. Nepal and Bhutan will be able to import and export goods by rail using the Mongla port. According to economists, the implementation of these mega projects will change the economy in the region, which is lagging behind in industry and investment. With that, domestic and foreign investment will increase. Extensive employment opportunities will be created. Construction of Khulna-Mongla railway line started in 2016 at a cost of around Tk 114 crore to develop communication system with the country’s second largest Mongla port. Several cement factories have already been set up. Various types of export-oriented industries including garments are being set up.
If this project is implemented in 2022, along with the development of communication system, loading and unloading of goods at Mongla port will speed up. At the same time construction work of 1320 MW coal based thermal power plant at Rampal in Bagerhat is in progress. Authorities say they will go into production by February 2021. However, the Padma Bridge project will play the biggest role in the development of communication system in the south-west. Padma Bridge will speed up the communication system of the southern region with the capital and other parts of the country.
This will reduce time and travel costs. In the case of trade and commerce, traders will also benefit greatly from the transport of goods from this region to far-flung parts of the country.
Besides, when the development work of Khanjahan Ali Airport at Faylahat in Rampal Upazila of Bagerhat is completed, the wheel of the country’s economy including the southern region will turn along with the development of Mongla, the country’s second seaport. The entire Sundarbans, including the port of Mongla, will be open to domestic and foreign tourists throughout the year.
One of the country’s foreign exchange earners is the frozen fish and jute industry, most of which are exported from Khulna will boom once all these development project is operational.
Besides, 13 economic zones are being set up in Khulna and Barisal divisions. According to economists and development workers, the implementation of these projects will change the investment climate in the region. Meanwhile, the Bangladesh Economic Zones Authority (BEZA) has taken initiative to build two economic zones in Khulna to bring back the glory of Khulna, once known as an industrial and port city. The district administration has declared Batiaghata and Terkhada areas of Khulna as economic zones.
And as Khulna’s economy opens up, we can anticipate that there will be a lot windows open for small medium enterprise startup company and the talent that has left to work capital city they will return. Under this circumstances, there isn’t a formal startup incubator and accelerator that supports local founders as yet and not engaged with any government or formal body about funding and investing in a local ecosystem.
South Asia is increasingly becoming a hotspot for high growth, with growing interest from Chinese, Hong Kong, and Southeast Asian investors like Alibaba, Tencent, Openspace Ventures and more, who have been actively looking at South Asian startups, especially Bangladesh in recent years where as a ‘to be’ local business hub Khulna can play an important role.
It only goes to show that it is a matter of time before Bangladesh achieves the success Southeast Asia is experiencing right now.
Path Finder One
Khulna High Tech Park,
KUET School Internal Rd, Khulna 9203