Cadence Design Systems and sBIT plan to collaborate with Bangladeshi universities and government to develop the local electronics and microelectronics industry. Their goals are to: 1) create world-class engineering education programs, 2) foster commercial microelectronics design, 3) enable local businesses, 4) attract foreign direct investment, and 5) build an electronics ecosystem and media network. They propose a multi-phase implementation plan focusing initially on universities, then commercial training, and finally supporting local businesses and entrepreneurs. The total projected value of this initiative is $21.5 billion over 5 years.