In a 2018 research done by Mekong Strategic Partners and Raintree involving 300 tech startups, it was revealed that 85 per cent of those founders were Cambodian nationals and 70 per cent of those are under the age of 30.
SmartScale, an acceleration programme by the Mekong Strategic Partners, officially kicked off last week with 13 local startups striving to scale up their tech ideas.
The launch of ‘SmartScale powered by Seedstars’, a support program for startups.
A sneak preview of the upcoming Cambodia Startup Report by Raintree and Mekong Strategic Partners indicates that a larger number of local high-net-worth individuals are making startup investments.
The upcoming general election next July could have a ripple effect on the country’s financial sector, though not big.
Smart Axiata, Cambodia’s leading telecommunications company, yesterday launched a $5 million venture capital fund for digital service companies and start-ups in the country.