GET IN TOUCH

LightCastle completes Two Impact Investment Bootcamps under SME Blended Capital

Profile
Rafayet Khan
May 27, 2021
LightCastle completes Two Impact Investment Bootcamps under SME Blended Capital

LightCastle Partners, with support from OXFAM under the Empower Youth for Work (EYW) project, organized two back to back impact investment bootcamps as part of the LightCastle SME Blended Capital. 41 youth entrepreneurs from Rajshahi and Khulna participated in the bootcamp, which was held online on 24th and 25th of May, 2021 respectively.

Entrepreneurs spanned various industries such as Agriculture, Retail, Pharmaceutical, and the Service Sector. The participants were evaluated on metrics such as their entrepreneurial ability, business model, sustainability, innovativeness, and other related fundamentals. Furthermore, they were judged on their business’s social impact in order to assess their overall investability.

The goal of the LightCastle SME Blended Capital is to boost the financial and operational growth of SMEs, enabling them to further increase income generation and employment. Moreover, the fund aims to invest in entrepreneurs who can positively impact the society through their businesses. The investment will be given to the entrepreneurs through a revenue sharing model, which is a quasi-equity form of financing. The participants of the program gathered at their respective venues to be interviewed online by a panel of judges from LightCastle Partners.

OXFAM news image 1

The first day of the bootcamp was held at the Brac Learning Centre, Rajshahi. The panel of judges for Day 1 included:

  • Ivdad Ahmed Khan Mojlish, Managing Director, LightCastle Partners;
  • Zahedul Amin, Director of Finance, Strategy and Consulting Services, LightCastle Partners;
  • Shawkat Hossain, Director of Financial Inclusion and Investments, LightCastle Partners;
  • Omar Farhan Khan, Senior Business Consultant, LightCastle Partners

The second day of the bootcamp was held in CSS Ava Center, Khulna where Rural Reconstruction Foundation (RRF) provided logistical support as the local partner for the event. The panel of judges for Day 2 included:

  • Bijon Islam, CEO, LightCastle Partners;
  • Ivdad Ahmed Khan Mojlish, Managing Director, LightCastle Partners;
  • Shawkat Hossain, Director of Financial Inclusion and Investments, LightCastle Partners;
  • Omar Farhan Khan, Senior Business Consultant, LightCastle Partners

Shortlisted candidates will now go through proper due diligence before becoming eligible to receive impact investment.


Profile
WRITTEN BY: Rafayet Khan

For further clarifications, contact here: [email protected]

Looking-for-investment

Looking to invest in Bangladesh?

We provide end to end strategy and entry support services to international investors.

Visit the Service

Want to collaborate with us?

Our experts can help you solve your unique challenges