Local Entrepreneurs Take Part in Myanmar’s ‘Largest Ever’ StartUp Competition

More than 23 teams from a pool of 100 local entrepreneurs have par­ticipated in the country’s largest ever startup com­petition StartUp Chal­lenge 2017, organised by Yangon-based innovation lab Phandeeyar.

Over the 9-day com­petition teams had to learn the “lean-startup” methodology of creating a tech business in one of four categories – Fintech (financial technology), AgTech (agriculture tech­nology), IoT (Internet of Things) and Tech for All – then develop, test and pitch their ideas to a panel of local and international business experts, said a press release.

“Myanmar’s digital leapfrog creates amazing opportunities. We want people to think about how technology could be used to address some of the country’s biggest chal­lenges,” said David Mad­den, CEO and Founder of Phandeeyar.

“Entrepreneurs shouldn’t limit themselves to the nascent middle class in Myanmar’s urban cent­ers. At Phandeeyar, we are excited about the po­tential of technology to in Myanmar,” he said.

The team with the best pitch wins a prize pool worth over $25,000.

This isn’t the first time that Phandeeyar has giv­en a leg up to country’s talent-laden start-ups.

Two finalists of StartUp Challenge 2015 went on to be selected in the first cohort of the Phandeeyar Accelerator – a program which gives local start-ups access to $25,000 worth of seed funding, six months coaching and over $200,000 of services from strategic partners and access to a network of over 40 local and inten­tional mentors.

Launched in 2016, Phandeeyar Accelerator has produced successful tech entrepreneurs who are now running their own businesses, said the release.

“StartUp Challenge 2017 is a launching pad for as­piring entrepreneurs to begin their startup jour­ney,” said Jes Kaliebe Pe­tersen, Phandeeyar Accel­erator Director.

“The winners will be of­fered additional resources to pursue their dreams.”

Source: Myanmar Business Today

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.

 Opportunities from COVID19

.

Looking for foreign investors to invest in your business in Myanmar