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The Trust was formed through the passage of Bangabandhu Science & Technology Trust Bill, 2016, in Parliament of Bangladesh on 16 February 2016. The trust is managed by a trustee board and headed by a Minister or State Minister. [3] The 2016 bill for the trust was introduced in parliament by Yafes Osman, the Minister of Science and Technology. [4]
The UGC is the apex body of all the affiliated public, private and international universities of Bangladesh. It provides funds for "Government Funded Universities" of Bangladesh. Its mission is to ensure the quality of higher education throughout the country. Private universities must obtain permission from UGC before they operate.
On 6 March 2011, the Ministry of Planning sent a semi official plan to the Ministry of Education on the Trust fund. On 12 December 2011, the trust was approved by the Cabinet of Bangladesh. On 11 March 2012, the bill for the Prime Minister's Education Assistance Trust was passed by the Parliament of Bangladesh. [4] In 2013, MD.
In August 2018, BASIS publicly implored RAJUK to allow BASIS members operating software companies out of commercial zones to continue operating, noting that the commercial zones then open did not allow such companies to remain open all day. BASIS at the time said that 800 of its 1,100 members had offices in non-commercial areas.
It is also on the verge of getting accreditation from the Board of Accreditation for Engineering and Technical Education, Bangladesh and the prestigious Institution of Engineers, Bangladesh. [ 3 ] adscientificindex.com, a popular university ranking website, ranks BAUET in the 22nd position among all Bangladeshi universities for 2023.
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Though it is yet to make tangible contributions in the national economy, it is an important growth industry. The Bangladesh Association of Software and Information Services (BASIS) was established in 1997 as the national trade body for software and IT service industry. Starting with only 17 member companies, by 2009 membership had grown to 326.