Barriers to Green Startups in Bangladesh
Keywords:
Green startups; sustainable entrepreneurship; Bangladesh; green finance; circular economyAbstract
This study examines the barriers that constrain green startups in Bangladesh and
explains why formal sustainability policies have not translated into accessible support
for early-stage entrepreneurs. Using an exploratory mixed-methods design, the study
combines a structured entrepreneur survey, interviews with green business founders, and
secondary evidence from policy documents and academic literature. The findings indicate
that green startups face four interconnected barriers: limited access to appropriate
financing, weak startup-oriented institutional support, moderate confidence in intellectual
property protection, and low market acceptance due to price-sensitive consumer behavior.
This paper argues that the main problem is not a lack of policy but a policy-practice gap
that prevents small ventures from using available instruments. It recommends targeted
equipment finance, climate-focused incubation, stronger regulatory coordination, green
product certification, and consumer awareness programs to improve the sustainability
oriented entrepreneurial ecosystem in Bangladesh.
References
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Government of Bangladesh. (2023). Bangladesh Patent Act, 2023. Dhaka: Government of the
People’s Republic of Bangladesh.
LightCastle Partners. (2024). Circular financing in Bangladesh: Policy barriers. Retrieved from
https://lightcastlepartners.com
Ministry of Environment and Forests. (2010). National 3R strategy for waste management. Dhaka:Government of the People’s Republic of Bangladesh.
Uddin, B. (2021). Consumers’ purchase behavior in Bangladesh: Green products perspectives.
Journal of Sustainable Tourism and Entrepreneurship, 1(4), 305-318. https://doi.org/10.35912/joste.
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United Nations Development Program. (2025). UNDP and FBCCI-IRC empower green startups to
drive the circular economy transition. Retrieved from https://www.undp.org/bangladesh
World Bank. (2024). Extended producer responsibility for advancing circular economies for plastics
in Bangladesh. Washington, DC: World Bank.
World Economic Forum. (2025). Why unlocking finance is essential for Bangladesh’s green energy
transition. Retrieved from https://www.weforum.org
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