Community Bank Bangladesh PLC and North South University Startups Next (NSUSN) sign a Memorandum of Understanding (MoU) at North South University (NSU). The strategic partnership aims to foster entrepreneurship and provide banking support, essential financial literacy, funding opportunities, and ecosystem support for early-stage startups in Bangladesh, a press release said.
The agreement was signed by Kimiwa Saddat, managing director (Current Charge) of Community Bank Bangladesh PLC, and Professor Abdul Hannan Chowdhury, Vice Chancellorof North South University, on behalf of their respective institutions. Senior officials from both organizations, including Samuel Mursalin, director (In-Charge) of NSUSN was present atthe signing ceremony.
Through this collaboration, Community Bank Bangladesh PLC will provide specialized trainingand workshops to NSUSN ventures on critical financial topics such as Letters of Credit (LC),international business operations, and loan application processes. The Bank will also exploreopportunities to extend preferential services, and potential funding support for NSUSN’sincubation programs.
Speaking at the ceremony, KimiwaSaddat stated, “Community Bank is delighted to partnerwith NSUSN to support young entrepreneurs who are shaping the future of Bangladesh’seconomy. By equipping them with financial knowledge and resources, we aim to strengthen theirjourney toward sustainable growth.”
Professor Abdul Hannan Chowdhury added, “This collaboration between Startups Next andCommunity Bank adds a crucial financial dimension to our support system, enabling startups toscale confidently and contribute to the national economy.”
The MoU underscores both organizations’ shared vision of cultivating a vibrant startupecosystem by bridging academia, industry, and finance. Together, Community Bank and NSUSNwill drive joint initiatives including seminars and mentorship programs to inspire and empowerthe next generation of innovators.
