A Demo Day will be held on July 25 to mark the conclusion of the SmartScale startup accelerator program.
For in depth analysis of Cambodian Business, visit Capital Cambodia
According to a press release from Smart Axiata, the demo will provide the greater community a chance to know more about startups and SmartScale. It would also be a good time for investors, accelerators, government, corporates, media, and other stakeholders to meet and discuss important matters related to Cambodia’s startup sector.
A total of 11 startups in the Kingdom were chosen for SmartScale. These include Bongpheak, Buyloy.com, Impact Explorer, DirexPlay, First Womentech Asia, Healthogo, Kokopon, Muuve, RENTKH TECH, BLOC, and Wayhome.
The participants underwent extensive training to make them better and more successful. The programme covered multiple topics, including fundraising strategy, growth strategy, and ways to target customers.
The programme was held over a three-month period from May to July 2019. It was conducted by a cadre of 20 high-level mentors from here and abroad.
With SmartScale winding down, Smart Axiata and partners said they were happy to be part of it.
SmartScale is jointly implemented by Mekong Strategic Partners (MSP) and Seedstar World, with support from the United States Agency for International Development (USAID) and Smart Axiata.
“We are excited to contribute to this ecosystem and to the growth of this batch of startups together with all our partners,” Adriana Collini, senior investment associate of Seedstars World, said.
Bora Kem, Partner at Mekong Strategic Partners, said they are looking at Cambodian startups having a prominent presence internationally in the near future.
“Mentorship and technical support are crucial for a startup’s long-term success. With SmartScale, we have been providing the selected startups with experienced mentorship and a best-in-class global startup program. We hope to facilitate regional interests in Cambodian startups and to bring them to the international stage,” he said.
Meanwhile, Kate Heuisler, Chief of Party of USAID’s Development Innovations, said they are glad, knowing that startups could play a critical in Cambodia’s future.
“As Cambodia moves towards its 2025 digital goals, it needs a diverse set of actors to define and design solutions for national priorities like employment, healthcare, tourism, and commerce. SmartScale was designed to support growth stage startups, and we are proud to see how many startups have benefited from the program, and are now more self-reliant, investor ready and confident about their sustainability and scalability,” she stressed.