Phandeeyar : Myanmar Startups Accelerator goes up

Calling all Myanmar start-ups: Do you have a good idea and proof the market likes it? If so, downtown Yangon innovation lab Phandeeyar may have US$25,000 for you.

The community tech hub has gone live with its new start-up accelerator, a six-month program targeted at companies with no significant previous funding, offering budding businesses access to capital, mentorship and a suite of free services valued at more than $200,000.

Since Phandeeyar opened its doors in 2014, the non-profit has run lots of events and worked extensively with the market’s tech start-ups, according to founder and CEO David Madden.

Myanmar Local Startups to go Tech Entrepreneurship Champion

Two new Myanmar local technology companies were chosen to be the first representatives of Myanmar to the World Summit on the Global Entrepreneurship Seedstars technology. The Summit will be held from 01-04 March in Lausanne, Switzerland.

Competition in the global home World Cup for emerging markets, Seedstars arrived in Myanmar for the first time in November. Five new companies competing for the first prize of a trip to Switzerland to represent Myanmar at the annual world competition.

The winner, UMS Reina, was chosen for its product SAMS (System Administration School of Management).
SAMS is a digital management platform that improves the management of schools and school authorities in Myanmar. SAMS optimizes the management and financial activities, providing management of digital documents.
The competition Seedstars Myanmar was received by construct a startup that maintains contact technology development solutions for Yangon scale for use in Myanmar. Costruct has also won an invitation to the first World Summit as a regional ambassador of Myanmar.

In this document, the construct will get in touch with investors and other technology entrepreneurs around the world to identify new opportunities for expansion of the sector ‘techpreneurship’ in Myanmar and Myanmar to help entrepreneurs launch businesses, construct said in a statement.

“This is an exciting opportunity for UMS Queen – and Myanmar – to be represented on a global platform,” said Jessica Berlin, founder and CEO of costruct.

“In Seedstars world will introduce Myanmar startup scene for international investors and other entrepreneurs. By connecting with new ideas and investments, startups in Myanmar can benefit from lessons learned in other emerging economies.”

At the World Summit in Switzerland, the national winners from over 50 countries will compete and step in front of international investors. One winner will receive a $ 500,000 capital capital investment, $ 500,000 and two further prizes will be awarded to new businesses in Fintech winners and travel sectors.

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