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Global startup competition ‘Get in the Ring 2019-2020’ Kicks off for the 3 rd time in Bangladesh

Babul Hriday: National Final of ‘Get In the Ring 2019-2020’ Bangladesh chapter a global startup competition in Dhaka began in the country from on July 27, 2019. Daffodil International University (DIU) will host the Bangladesh National Final

of Get in the Ring for the first time in the country. Daffodil International University is hosting the third season of Get in the Ring 2019-2020, Bangladesh along with Friedrich Naumann Foundation and Bengal Media Corporation
Limited (Rtv) as Organizing Partner while Bangladesh Venture Capital Ltd. as Investment partner and Skill Jobs as Grooming Partner.

This year, the 6th edition is aiming to see finals take place in more than 150 countries world-wide. Bangladesh is one of them.Now, Daffodil International University where more than 28,000 students are currently studying is the only exclusive licensee of Get in the Ring to organize in Bangladesh.

All these were informed at the “Meet the Press” held today on July 27, 2019 Johur Hossain Chowdhury Hall at National Press Club, Dhaka. Prof. Dr. Yousuf Mahabubul Islam, Vice Chancellor of Daffodil International University was uphold the details of Global startup competition ‘Get in the Ring 2019- 2020’ at the ‘Meet the Press’.

The meet the Press was also addressed by Syed Shabab Ali Arzii, Assistant General Manager ( Program), Md. Omar Mostafiz, Program Executive, Friedrich Naumann Foundation for Freedom (FNF), Md. Anowar Habib Kazal, Senior Assistant Director (Public Relations) and Rashedul Islam, Lecturer, Department of Journalism and Mass Communication of Daffodil International University.

It was informed in the “Meet the Press” that to participate in the competition one will have to complete Registration process through online at free of cost. The registration will be continued up to Auguest 27, 2019. The grooming session and primary selection round (knock out) will be held from August 31- September 27, 2019 under the guideline of a jurry board formed by the nationally renowned personnel of relevent field. National Level Grand Final will be held on October 12, 2019 at Bengal Studeio of RTV. Rtv will broadcast the final event Live .

This was also informed that the competition is open for all and will be held in three categories like: Light Weight, Mid Weight and Heavy weight. 3 competitors from each category will took part in the Grand Finlay and Champion of each group will took part in the Regional Final (East Asia) and then International Final. It was informed in the “Meet the Press” that, Get in the Ring has grown from a local pitching event to a global startup competition with
150 participating countries.

Get in the Ring (GITR), known as “the Olympics for startups” puts startups in the spotlight, giving them a global podium from which to connect with investors and create a fan base. It works as a bridge between the promising startups worldwide and the potential investors.Two startups battle head-to-head in a ring via pitches. A battle between two teams consists of five brief rounds of 5 minuets 30-second about the team, achievements, the business model and its finances.

During the rounds they present their startup to a jury of Champion investors, and a global audience of potential investors and fans, in a competition that can result in a potential investment for the winner. Through a knock-out system the companies fight through Local, National and Regional Finals all the way to the International Final. Along the way the entrepreneurs are given pitch training, advice about their businesses, and the opportunity to get in contact with investors, business leaders, potential customers and like-minded entrepreneurs. People of all ages with start-ups can participate in this competition.

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