SPRING Accelerator Calls for Applications for the New Cohort – Bangladesh press conference

SPRING Accelerator Calls for Applications for the New Cohort – Bangladesh press conference

Dhaka, Bangladesh, 3 August 2017 –  SPRING, a global accelerator funded by DFID, USAID, Nike Foundation and Australian Aid, announces call for application for mid-sized, growth oriented businesses from Bangladesh that can transform the lives of adolescent girls aged 10-19 to scale and realise commercial potential with support from world-class experts. The announcement has been made at a Press and Stakeholders’ Meet in Dhaka.

The Press Meet was addressed by Ramona Liberoff, CEO, SPRING, Minhaz Anwar, SPRING Country Manager in Bangladesh, Justin Datta, Deputy Director, Program Office of USAID,

Sally-Anne Vincent, Deputy Head of Mission, Australian High Commission and attended by a host of champions/influencers including investors, prospects and press representatives from the entrepreneurship ecosystem in Bangladesh.

SPRING is an accelerator working with growth-oriented businesses on innovative products, services and business models that can benefit girls and business results across East Africa and South Asia. It works with world-class experts to support these businesses to create innovations with purpose and commercial potential. SPRING offers nine months of world-class technical expertise, including human-centred design boot camps, investment-readiness support and mentorship. This support is delivered via SPRING partners and experts including fuseproject from San Francisco.

At the meet the CEO of SPRING, Ramona Liberoff, said: “There is high market potential to provide improved products and services for girls in Bangladesh. Based on the foundational research we have done there are significant opportunities to increase access to mobile and digital services, safer transport, clean water, better education and more. 2 out of 18 Asian Businesses of the South Asian cohort are from BANGLADESH and we are looking for more to apply for the upcoming cohort.”

Interested businesses can express their interest now with the SPRING Accelerator: http://www.springaccelerator.org/cohort-4-application/. There are two businesses from Bangladesh that have already been benefitted from SPRING Accelerator: Kallyani/iSocial and Drinkwell. Kallyani /iSocial is a Social Enterprise for bridging marginalized communities and market through digital innovation and a last-mile delivery network. Kallyani model is a community-centric, ICT driven platform empowering communities through women entrepreneurship in Bangladesh and beyond. Travelling by bicycle with tablet pc and product basket, Kallyanis provide rural communities with access to information, products and services at the doorsteps. With SPRING support iSocial aims to scale to 10,000 Kallyanis by 2020 from just 70 at the beginning of the year 2017.

Drinkwell has evolved with support from SPRING from selling filtered water through retailers and self-managed spokes in rural areas to focus on establishing contracts with Dhaka WASA to design, build and operate filtration solutions at their 700 pumps in the city for a fixed monthly fee. They have begun with 20 pilot pumps with SPRING funding and ultimately signed a revised contract with WASA for 100 making them eligible to pre-qualify for credit lines from World Bank and the Asian Development Bank, thus enabling full scale-up. Drinkwell has already set up their first 3 water ATMs in Dhaka.

For more information, please contact:
Minhaz Anwar – minhaz@springaccelerator.org

SPRING HQ
Aurelie Faugier – aurelie@springaccelerator.org

screen-shot-2017-08-03-at-11-46-59