First meeting of Governing Body held on 21 June 2023 with Mr Md Jashim Uddin, Chairman of FBCCI Innovation and Research Centre and Past President, FBCCI on chair. Memorandum of Association and Rules and Regulations approved and signed by All GB members.
Year of Establishment: 2023
Established under: Societies Act 1860,through RJSC
Structure
FBCCI IRC will be organized to promote Innovation and Research for all commercial organizations of Bangladesh especially member organizations of FBCCI.
To accomplish that, the structure is recommended to be as follows:
Single Portal for All Innovation Research
This will be a website and application where all Innovation Research will reside. It will have a summary, research owner, funding mechanisms, published documents, codes for applications, and other artifacts.
Marketplace for Research Demands from Commercial Organizations
FBCCI IRC will survey its member organizations for research demands, and publish them in the portal. This survey may be conducted annually, however, refreshed quarterly.
Matchmaking for Skills and Research
FBCCI IRC will conduct matchmaking skills who can conduct the research from the Academy or other organizations.
Single Destination for all Grants, Awards, and Programs related to Research
FBCCI IRC will publish available funding options such as grants, awards, and programs for the research it plans to conduct, this will include locally available funds as well as globally available ones. FBCCI IRC will create its fund for this research by driving fundraising through its member organization.
FBCCI Co-Innovation Lab
FBCCI Co-Innovation Lab is an eco-system Innovation implementation, where it will combine team members from member organizations, industry, academia, policy, service provider, and donor/fund provider, The output of the Co-Innovation lab may be protected through IP regulations (copyright, trademark,), or open source for anyone to utilize.
Collaborate with Global Organization
FBCCI IRC will create a program team to collaborate with global organizations, such as UNDP, World Bank, Google, Microsoft, Amazon, etc. The program team will coordinate, collaborate, and manage all the globally available programs through its PM team so that each researcher can get maximum funding, based on the topic and implementation.
Following are some of the core focus areas that an effective innovation centre will emphasize on:
This will be a website and application where all Innovation Research will reside. It will have a summary, research owner, funding mechanisms, published documents, codes for applications, and other artifacts.
FBCCI IRC will survey its member organizations for research demands, and publish them in the portal. This survey may be conducted annually, however, refreshed quarterly.
FBCCI IRC will conduct matchmaking skills who can conduct the research from the Academy or other organizations.
FBCCI IRC will publish available funding options such as grants, awards, and programs for the research it plans to conduct, this will include locally available funds as well as globally available ones. FBCCI IRC will create its fund for this research by driving fundraising through its member organization.
FBCCI Co-Innovation Lab is an eco-system Innovation implementation, where it will combine team members from member organizations, industry, academia, policy, service provider, and donor/fund provider, The output of the Co-Innovation lab may be protected through IP regulations (copyright, trademark,), or open source for anyone to utilize.
FBCCI IRC will create a program team to collaborate with global organizations, such as UNDP, World Bank, Google, Microsoft, Amazon, etc. The program team will coordinate, collaborate, and manage all the globally available programs through its PM team so that each researcher can get maximum funding, based on the topic and implementation.
Effective strategies via dialogue, research and advocacy that will address:
Investment climate, opportunities in business/industry/trade and investments
Areas of comparative and competitive advantages vs others (regional)
LDC graduation challenges and opportunities
Regional integration and connectivity benefits (India, Myanmar and China)
China + one opportunities in trade and investment
Linking Industry and Academia mechanism for sustainable growth
4IR adoption and its challenges across the industrial eco-system
Addition FBCCI-IRC focus:
FBCCI-IRC Board
The total proposed members are 13 persons including Chairman.
| Title | Member | |
|---|---|---|
| Chairman | President of FBCCI (Ex-officio) | 1 |
| Members | Sr. Vice President, FBCCI | 1 |
| Members | FBCCI | 5 |
| Nominated Members | President-selected chambers/Association | 2 |
| Nominated Members | Reps from of partner Org/Universities/Government agencies | 2 |
| Nominated Members | Various partners, Think-Thanks | 2 |
Secretary: FBCCI-IRC CEO
Functions
Overall policy directions
Review of progress and achievements
Selection of issues to route to Strategy Committee
Strategy Committee meetings and agendas
Strategic Operations Unit (SOU)
Functions
Secretariat to FBCCI-IC
Secretariat to the Board of FBCCI-IC
HR, Finance and Administration for FBCCI-IC
Monitoring and evaluation
Policy and strategic implementation
Innovation & Research Wing
Functions
Conducting private sector research on various issues
Build a bridge between industry and academia
Creating links between research and business
Conducting various regulatory impact analyses
Reviewing administrative barriers & other diagnostic research to support dialogue.
Conducting analysis of business regulations impacting investments.
Dialogue Wing & Advocacy Wing
Functions
Formulation of and secretariat to Working Committees
Selection of facilitators, members
Coordination of follow-up research by the research wing on issues identified by WCs
Tracking of recommendations and implementation
Coordinate all FBCCI-IC communications.
Design and implement communication and advocacy strategies around issues arising from research and around the reform agenda.
Membership Categories
1. Founder Members
2. Life Members
3. Corporate Members
4. Honorary Members
The Centre shall have two constitutional bodies:
| # | General Body | Governing Body |
|---|---|---|
| 1 | The General Body shall be comprised of the Founder Members and Life Members having the right to vote | The Governing Body will be elected/ selected by the General Body and will remain in office for a term of three (3) years from the date of their selection/election |
| 2 | General Body shall elect the Governing Body, after the expiry of the first Governing Body every three years. | Under special circumstances tenure of the Governing Body can be extended by the General Body but not more than six months. |
| 3 | General Body through the AGM shall approve the budget and action plan every year. | The Governing Body shall be responsible for staff management and implementing the programs in accordance with the action plan approved by the General Body |
| 4 | The General Body through the Annual General Meeting every year shall appoint the auditors or delegate the power to the Governing Body of appointing auditors or auditing the organizations accounts and approve the audit report every year. | The Governing Body shall function as the supreme executive authority of the organization and shall be accountable only to the General Body for its acts and decisions. |
| 5 | The General Body shall normally meet once a year. | The Governing Body shall normally meet every meeting. |