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The AEDSB Washington Seminar Series

 

Using Venture Capital and Investment Funds to Support SMEs and Community-Owned Enterprises in Bangladesh"

by Dr. Zia Ahmed, Chairman, Venture Investment Partners Bangladesh, Ltd.

When: Wednesday, December 10, 2008; 1.00pm to 2.30pm

Where: Room MC 9-100, The World Bank, 1818 H Street, N.W. Washington D.C. 20433

Contacts: If you need a pass to attend the seminar, please contact one of the following:
AAhsan@worldbank.org (202-473-1672), SHye@worldbank.org (202-473-1638),

 KIqbal@worldbank.org, BSen(202-473-9397) or HZaman@worldbank.org (202-458-4168).

Abstract
Dr. Zia Ahmad will make a presentation on how he and his company the Venture Investment Partners Bangladesh, Ltd. (VIPB) have been using venture capital approaches to finance small and medium enterprises in Bangladesh and the opportunities they provide for investors especially for non-resident Bangladeshis (NRBs). He will discuss the experience of VIPB's new line of investment in community based private companies that mobilize local residents and local resources through private community-owned for-profit entities. VIPB has invested in four such community based companies in fisheries. Generally VIPB’s equity stake is 10% plus   additional funding as quasi-equity, while the local residents own 80% of the equity shares in that company. VIPB is now planning to develop a “community based mini-dairy cum bio-energy and fertilizer enterprises” in rural Bangladesh adapting the experience of “AMUL” in India. He will also discuss the VIPB's experience of managing the growing indirect portfolio investment activities in Bangladesh and its plans to support investments in growth-oriented emerging companies as well as in securities of companies in the pre-IPO stage.

About the Presenter
Dr. Zia Ahmed is the Founder and Chairman of Venture Investment Partners Bangladesh Ltd. (VIPB). It is the first Venture Capital-type fund management company in Bangladesh with primary focus on Small and Medium Enterprises (www.vipblimited.com). VIPB is also licensed by SEC as an Asset/Investment Fund Manager with focus on investments in both listed and unlisted securities of enterprises in Bangladesh. He has over 25 years of experience in development finance in South Asia working primarily in Bangladesh, Bhutan and India. He has worked with such international development agencies as: ADB, DFID, IFAD, SDC, USAID, WB/IFC, etc on policy issues and technical assistance projects on small, medium and micro enterprise development, export development, rural and micro credit, and financial sector reforms. Until recently, he was the advisor to the South Asia Enterprise Development Facility (SEDF) of IFC. He holds a PhD in Financial Economics from the University of Virginia, USA.