Apr 11, 2016

Telenor Offers $50,000 for Startup Programs

Telenor Myanmar Limited has launched a program to support and develop the Myanmar startup scene.

Partnering the company’s regional counterparts – dtac in Thailand and Digi in Malaysia – the program, “Telenor Accelerate”, will offer Myanmar startups with mentorship, training and support, and up to $50,000 in seed funding.

In addition, winning startups will also have the opportunity to boost their businesses through a four month bootcamp, alongside startups from Thailand and Malaysia.

While there, participants will be able to gain experience from workshops with Silicon Valley experts and one-on-one mentoring with qualified, successful startup entrepreneurs from the region, opportunities to pitch to global and regional venture capitalists, and potential commercialisation opportunities with Telenor Myanmar and Telenor Group.

Telenor Accelerator will accept applications from tech startups that already have ideas to demonstrate. Anyone who has a minimum viable product, a prototype, some low traction and users, or even any of that in development, can apply.

The programme builds on dtac’s Accelerate programme, now into its fourth year of operations. Interested participants can submit their proposal on http://accelerate.dtac.co.th/en/Submission – also designed for entries coming from Myanmar – before the application deadline on April 20. Shortlisted teams will be announced on April 25.

“We have witnessed that Myanmar has many local talents who can make an impact on the startup ecosystem. We want to invite them to participate and compete in the program so that they can make a strong impact on this local market,” Joslin E Myrthong, chief marketing officer (CMO) at Telenor Myanmar, said.

“With their ideas, contribution to the development of the ecosystem, we can together build a strong digital society in Myanmar. We expect to continue this program every year to inspire the society and contribute the industry’s onward growth,” Myrthong added.

Shortlisted teams will present their ideas to a panel of five judges from the community and Telenor Myanmar on April 27. The final two teams will be selected to join dtac’s bootcamp program beginning May 4, together with the teams qualifying from parallel programmes in Thailand and Malaysia. Participation in Bangkok will be funded by Telenor.

Source: Myanmar Business Today