Abstract
Traditional financial institutions such as banks are very customary and strict in Bangladesh requires collaterals almost double the size of requested loans. The banking system does not prefer to bank on uncertainties. Non-government organizations and the capital market in Bangladesh also face systematic problems in catering financial needs of local industries. As a result, young new entrepreneur lack access to capital and other resources to convert potential business ideas into products and services causing Bangladesh no participation in the global economy. Based on the current financing problems faced by small and medium enterprises (SMEs) in Bangladesh, this paper uses three active pioneer venture capital (VC) firms in Bangladesh and successful projects was financed by VC Company as research samples. Through secondary data collection analysis, this paper draw a conclusion, Bangladeshi authorities might recognize the importance of the VC industry as a means of supporting the development of high-tech ventures with innovative technology and marketable products, bringing finance and technology together, raising the overall technological level of traditional industries, and promoting economic progress through technological advancements. So the government might introduce and support VC industry to develop as a significant mechanism for encouraging scientific and technological capabilities.
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