Dhaka: Winrock International and Bangladesh Venture Capital Ltd. have agreed to cooperate with a goal to improve the identification and scale-up of agricultural technologies in Bangladesh.

To achieve this common goal both the parties have signed a MoU on Monday, said a press release.

Winrock International through its USAID Feed the Future Asia innovative Farmers Project is working to transform the lives of farmers by facilitating a regional ecosystem that fosters new technology, partnerships, and innovative practices in South and Southeast Asia’s emerging markets with a focus on Cambodia, Bangladesh, and Nepal.

Bangladesh Venture Capital Limited (BVCL) is a platform that connects entrepreneurs and investors. It is so formed to provide early stage funds for the new business ventures. It aims to make an investment eco-system for the start-ups, based in Bangladesh fostering a healthy economic culture for all the stakeholders. It encourages entrepreneurs to come up with innovation, in view to contribute to the national economy. It facilitates the potential entrepreneurs at every stage of their business development and channels capital requirements to drive for sustainable growth.

Through signing the MoU both the parties agreed to cooperate and share their respective role as follows:

Winrock International: Introduce prospective start-ups and small businesses in the technology sector to BVCL for investment Leverage use of the project’s national and regional knowledge platform to disseminate information Participate in communications to international donors and funding agencies about activities under this MOU.