Tech startups need to keep innovating: official

Va Sonyka / Khmer Times No Comments Share:
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SPEAKING in front of more than 500 young tech enthusiasts at the opening ceremony of BarCamp ASEAN 2019 at the Institute of Technology of Cambodia, Kan Channmeta, Secretary of State of Ministry of Post and Telecommunications has insisted ‘tech startups’ have to keep on innovating on ideas as the revolutionary trend may overwhelm human ability in the near future.

Mr Channmeta pointed out that copying the business idea from one to another won’t give business operations much to survive on for the long term.

“Tech startup (in Cambodia) don’t have what it calls ‘innovation’ yet. It’s because (of) the culture of copying (business idea) from each other,” he said.

“What you have to compete within the startup term is ‘keep innovating’ and it has to go through ‘digital,” he added.

To date, Mr Channmeta said Internet subscribers is 96% compliant compared to the total population, according to data in August 2019. Meaning that the Royal Government has pushed the digital and Internet infrastructure development. It paves more markets for technopreneurs in the country to push up innovative ideas for the business or social entrepreneurship in the digital age as the consumers become more tech-savvy.

In order to develop more innovation ideas, Mr Channmeta constantly urged the young generation to pay more attention to the Digital Revolution. He said if young people are not interested in the digital world, it will be difficult to stay connected with the outside world. He emphasized that it is not only what happens in the country that young people need to pay attention but it’s the change in the world.

The startup report entitled ‘Startup Kingdom: Cambodia’s Vibrant Tech Startup Ecosystem in 2018’ conducted by Mekong Strategic Partners, noted down over 300 active technology startups currently operating in the Kingdom. The numbers are expected to double over the next few years due to the increasing awareness of basic digital needs and the growth of market opportunities related to digital economy.

According Mr Channmeta, the government is making the process of business registration more convenient for tech startup founders in order to encourage technopreneurs in the Kingdom to emerge with more original ideas.

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