Difficulties in setting up a startups in Bangladesh

Business Challenges in Bangladesh

Abstract

The most recent global innovation index showed a rank that shocked the startup industry and the country as a whole, and the news quickly spread on social media. "Bangladesh, the least innovative country," the headlines read. Although these figures only apply to Asian countries, they piqued everyone's interest, and the bad publicity about our country was disheartening. It piqued the interest of the government's ICT section, as well as all organizations that work with startups. They couldn't figure out why such a huge assertion was made. Having said that, every individual can see that Bangladesh has not seen any unique business ideas in any sector in recent years. Nothing novel has occurred. The significance of startups and businesses to the economy cannot be overstated. With one of the world's fastest growing economies, it is critical to maintain development so that it does not become stable and linear. It must also be ensured that the line is not sloping lower. This study seeks to uncover the causes of a lack of innovation as well as the challenges that businesses encounter that contribute to their failure.

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