Created for early-stage Social Business entrepreneurs
YY Goshthi is a Social Business incubation program by YY Ventures that helps socially & environmentally conscious entrepreneurs to launch their minimum viable product and raise the needed seed capital.
YY Goshthi was created in 2016 as the first Social Business incubation program in Bangladesh that offers rapid, intense, and immersive education to early-stage Social Businesses. As the prime Social Business incubation program in Bangladesh YY Goshthi’s goal is to support young social entrepreneurs while they transform their communities by building Social Businesses.
We empower social entrepreneurs with world-class training, mentoring, community, coworking space, and access to investors, enabling them to navigate their way towards launching a minimum viable product and raising the needed seed capital. We have prominently incubated enterprises, notably Avijatrik Tourism, Wizkit, GARBAGEMAN, Broque, TransEnd, Max TapWater, AmarLab that have been working to solve some of the wicked social challenges. We are a ‘Globally Connected’ locally rooted ecosystem in Bangladesh that is driven by social and environmental consciousness.
YY Goshthi creates a space for promising entrepreneurs to accelerate their business to the next level. The participants can draw guidelines and construct their business idea in the presence of world reputed business trainers. Our boot camp prepares the participants with different aspects of launching a successful business.
Tailor-Made Consultation Support
One of the key benefits that we offer to our incubees is need based consultation support. We structure consultation hours based on the needs of the founders. In partnership with our supporters and network, we bring seasoned professionals, coaches and entrepreneurs from around the world to mentor our incubees.
Each cohort we offer pre-seed investment up to BDT 1.0- 1.5 million to top incubees and work with dozens of local and international investors and angels. We become partners with our incubees and help them negotiate and raise capital from investors.
We offer co-working space facility to our incubees at Impact Hub Dhaka, one of the world's largest networks focused on building entrepreneurial communities for impact scale, which brings together entrepreneurs, enablers, young talents and professionals from all across Bangladesh to create a vibrant community. For the first four months, our incubees are able to avail workspace without any expense.
Pro-Bono Business Support Services
Our sister organization, YY Studio specializes in creating strong brand identity, websites, and marketing collateral. As part of the incubation program, YY Studio offers business support services to our incubees pro-bono or at a minimum expense. Our partner organizations offer pro-bono legal and accounting support and we get access to new business opportunities with their help.
Get connected to our thriving community of compassionate, creative, and committed social entrepreneurs who aim to achieve collective progress through collaboration and exchange. Our community promotes a responsible and sustainable corporate culture and offers events, meetings, and activities that promote sustainability and entrepreneurship.
The legal status of business
The program has primarily been designed for the needs of Social Businesses; however, non-profits, for-profits, co-operatives, and community contribution businesses are all eligible as long as they serve a crucial social or environmental cause and are willing to incorporate a Social Business model moving forward.
Stage of venture
The program is geared towards those at an early-stage of development, who have an idea they are willing to invest in. Ideally, applicants have completed some measure of feasibility assessment and can see themselves moving to launch in 4-6 months. Those who have already launched but need support to refine their business plan and scale up operations are also encouraged to apply.
GARBAGEMAN, the first ICT tech-based recycling business in Bangladesh, is dedicated to creating an efficient, affordable, and smooth waste management system by ‘upcycling’ waste into resources. With the vision of creating a Cleaner and Greener Bangladesh, GARBAGEMAN is focused on introducing a modern and scientific approach to establish an efficient waste management system and enhancing the socioeconomic stance of the system.
AmarLab provides on-demand diagnostic services, partnering with top local and international diagnostic labs. They cater to patients who face difficulty travelling to and from healthcare facilities for multiple reasons including inaccessible transport, disability, traffic etc. Their end-to-end diagnostics test services include sample collection, testing and report delivery.
With the aim of promoting local travel experiences, Avijatrik is upholding and preserving the vibrant culture and nature of Bangladesh. Avijatrik works in collaboration with the local community to offer an authentic, meaningful and memorable travelling experience to the tourists. By harnessing the power of tourism, Avijatrik empowers local communities by creating economic opportunities and enabling sustainable tourism.
Broqué is the first and only zero-waste streetwear label in Bangladesh. It transforms unloved clothes into wearable art. Leading & pioneering the culture of slow fashion in Bangladesh by building a community through clothes swaps, upcycling workshops across boards. Social impact and climate action being the forefront of the organization, it empowers youth to make a statement by wearing second hand.
A spin-off from Max Foundation, Max Tapwater is a Bangladesh-Dutch team committed to creating a Bangladesh where everyone has access to safe, sufficient and affordable drinking water. Max TapWater builds piped water grids to avail safe water to the underserved communities struggling with this fundamental need of life.
TransEnd aims to help 1 million marginalized and underrepresented hijra, non-binary, gender queer, transgender and intersex community in Bangladesh be skilled in order to pursue social and economical empowerment. They work to bridge the gap between the transgender community and mainstream community through education, training, employment and entrepreneurship. TransEnd equips people from transgender community with necessary transferrable work skills and connects them to startups and companies looking to hire capable and dedicated transgender workers for cost efficiency and positive publicity.
Wizkit is an educational technology company empowering youth involvement in STEM through research, innovation, product development and training. They enable students to explore, discover and innovate by providing them with engaging and hands-on education opportunities. They also utilise STEM-based training, research, and product innovation to create local solutions for local problems by increasing accessibility or enhancing anything previously unavailable.
Broqué | Spring 2020 Cohort
Max TapWater | Spring 2020 Cohort
Wizkit | Fall 2020 Cohort
TransEnd | Fall 2020 Cohort
Got An Early Stage
OUR INCUBATION PROGRAM IN DHAKAApply Application closes on 8th October, 2022