(Yangon, 29th January 2018) As part of Myanmar Youth Technopreneurship Development Program 2018 the honorable judges for the program has selected ten teams from Yangon and Mandalay representing upper Myanmar Lower Myanmar to undergo a one week boot-camp. The competition jointly-hosted by the Myanmar Computer Federation and MPT aims to support youth and their ability to start businesses in areas relevant to MPT’s expertise.
13 teams from Lower Myanmar (based in Yangon) and 13 teams from Upper Myanmar (based in Mandalay), presented their products and solutions in front of the panel of judges where they were chosen based on the scalability of the business models, and the innovative ideas on the respective fields . On 23 and 27 January, five teams from Lower Myanmar and five teams from Upper Myanmar were shortlisted at the pre-selection event held at the Conference Hall, MICT Park (Yangon) and at Yadanarpon Super Center, MICT Park (Mandalay) respectively.
The teams shortlisted to take part in the Myanmar Youth Technopreneurship Development Program 2018 presented a range of products spanning a variety of service areas. The successful teams from the Lower Myanmar (based in Yangon) pre-selection were My Player, Secret Art, Cyber E-Sports Portal, Butterfly, Doctor Kyaw, and from Upper Myanmar (based in Mandalay), Myanmar CNC, Baby Lovers, Team Liquid, Team Hexasky, Particles.
The final 10 teams will have the opportunity to refine their business plans and pitch their ideas to a board of judges and media. Following a 1-week boot-camp of intense mentoring, they will be taken through progress review meetings, finance and legal workshops, hackathons, mentor sessions, and pitch sessions to improve their business sense and fine-tune their interpersonal skills. From there, 3 teams will be selected to execute their final proposed business idea, undertaken by the help of honorable Judges.
The three ultimate winning teams will be decided on the final competition day to be organized on February 2018. They will receive 5,000,000 Ks. and 6 months access to a co-working space with other successful local start-ups at MCF’s incubation centre, Kanaung Hub, starting from March 2018. The winning team will also get the opportunity to further grow their business through the close assistance of mentors and skills transfer of successful start-ups in the field.
“The Myanmar Computer Federation is pleased to be a part of this initiative with MPT to assist these budding young entrepreneurs as they look to turn their ideas and inspirations into solid and actionable business plans. With 10 teams of eager contestants vying for the top-three winning positions and the additional funding and support that would entail, it will be an exciting period leading up to the final pitch” said U Khun Oo, President of MCF.
“We saw very creative ideas encompassing various innovations in the areas of technology, healthcare, business and agriculture. From audio books to a patient queue flow system, these bright youths showcased an amazing breadth of proposals to serve certain unmet demands, both commercial and societal. MPT is committed to supporting the growth of entrepreneurship, especially amongst the country’s youth, and we hope to expand the program in the future, in close collaboration with the MCF. Together, we can work towards encouraging the young entrepreneurs of Myanmar to acquire business planning and digital skills that will underpin their potential success in a fast-developing marketplace,” said Mr. Yoshiaki Benino, COO of MPT-KSGM Joint Operations.
For more information about the competition please visit www.mmtechnopreneurship.com or the official websites and Facebook pages of MPT and MCF.