Overview
Bandos Digital Startup Competition Cohort 2nd is the NICC annual program to promote the implementation of ICT technology which allow young talent Cambodian to create innovative digital solution into viable Business ventures.
Objective
- New startups: To promote new technology/knowledge/innovation-based startups
- Practical knowledge: Business lectures by local experts to develops innovative thinking, build your leadership, and refine communication skills
- Hands-on support: Peer-to-peer mentoring form experienced mentors
- Seed Fund grant: Selected teams will have the opportunities to do final pitch to become winners and receive the supported seed funds to prototype the product and launch the business
When
Program Duration: Pre-Incubation (2 months) and Incubation program (1 Year)
Application Period: Jul 29, 2022 – Sep 09, 2022
Who
Startup stage either in Ideation or MVP
What
Seed Fund, Training and Mentoring and Incubation Program
Where
Room 311, A building, RUPP, Russian Federation Blvd, Tuek Lak1, Toul Kork, Phnom Penh
Eligibilities
- All applicants must be team with 2-5 members
- Must be 18 years old or older
- Startup stage either in Ideation or MVP*
- For Startup Stage of MVP, it needs to have monthly revenue less than USD 200
- Be passionate & determined to develop digital solution for products and services
- Must be summit business concept/plan note with applicant
- Applicant must summit an online entry from via QR code before due date.
*Note
Ideation Stage: This is where the initial excitement occurs for a startup and the three elements come together: the idea, team, and the funding required.
MVP Stage: In this step, the startup needs to make adjustments on their product or business model based on customer feedback. At this phase, there needs to be several iterations until product market fit is achieved.
Benefits
- Seed funding: USD 10,000 per team
- Training and mentoring in business and technology
- Certificate of recognition for all participants
- Opportunity to participants in pitching or forum event in S.Korea
- Access to the organization’s national and international network
Teamwork, problem-solving, technology, creative thinking, communication, entrepreneurship, and networking.
