(Yangon, 19th October 2018) MPT today announced that it is again collaborating with the Myanmar Computer Federation (MCF) to organize the Myanmar Youth Technopreneurship Development Program 2019 where youth entrepreneur teams will compete by presenting their own telecommunications- or technology-inspired business solutions and plans to win seed funding worth 24 Million MMK. Making a return for the second consecutive year taking place between January and February 2019, the program aims to support the startup aspirations of youth, by providing them access to business skills training, capacity-building mentorship, and guidance on starting businesses, relevant to MPT’s expertise and running a successful enterprise.
To participate, teams are asked to identify a problem, propose a solution, and then supply their commercialization plan for a specific target audience. This is an incredibly important first step all businesses must undertake to be successful, and one of the many ways this program teaches real skills to participants. Teams with relevant business ideas or plans related to civic tech, agriculture technology, healthcare technology, societal/communal tech-based solutions, open-data solutions, education innovations, entertainment and economic business solutions are welcome to compete.
Youth teams nationwide can apply to enter the competition from 22 October to 31 December, 2018, after which 15 teams will be chosen each from Upper Myanmar (based in Mandalay), and Lower Myanmar (based in Yangon) regions. In January 2019, these teams will have a chance to present their product in front of the selection board. If successful, the final 10 shortlisted teams will have the opportunity to refine their business plans and undergo mentorship by renowned Myanmar entrepreneurial leaders through a special boot camp, and pitch their ideas to a board of judges and media at a final judging event in February, 2019. There will be a bigger incentive to be selected as one of the three winners this time around as the final prize of Ks 8,000,000 in seed funding is a significant increase over the previous year’s Ks 5,000,000 amount.
In addition, the winners will receive 6 months access to a co-working space with other successful local start-ups at MCF’s incubation centre, Kanaung Hub. They will also have the chance to work closely with mentors to further hone their skills in their bid to become successful startups.
Myanmar Technopreneurship Development Program 2019 Schedule:
|22 Oct – 31 Dec, 2018|
31 December, 2018
|Applications period for interested teams|
|19th – 20th January, 2019 (Yangon)|
|15 teams selected from Lower Myanmar and to compete for final 5 teams representing Lower Myanmar|
|25th – 26th Jan, 2019 (Mandalay)||15 teams selected from Upper Myanmar and to compete for final 5 teams representing Upper Myanmar|
|31st Jan – 8th Feb, 2019||Special boot camp with business and technology entrepreneur mentors for 10 shortlisted teams|
|10th February, 2019||Final pitch by 10 final teams to panel of judges and|
selection of 3 winning teams
|March – August, 2019||Co working space for three winning teams at Kanaung Hub|
“We are pleased to again be partnering with MPT for this unique program to inspire more youth entrepreneurship, particularly in the area of technology and telecommunications, in the country. There is a high demand for digital skills in Myanmar, with a lot of new solutions brought to the market by creative and driven young people. With the right approach, improved technical capability, planning and proper guidance from established entrepreneurs, a lot more of them can achieve the same commercial success,” said U Khun Oo, Chairman of Myanmar Computer Federation.
“Following last year’s successful Myanmar Youth Technopreneurship Program, MPT was eager to once again work with the MCF to help identify and support the development of the country’s most promising young entrepreneurs. The tech-savvy and business-minded youth of Myanmar are beginning to make their presence felt, driving innovations in the many areas, services and industries at the forefront of the monumental digital progress the country is experiencing. In line with our ‘Myanmar In Our Heart’ approach this year to all our activities and initiatives, which also encompasses supporting business incubation efforts, we want to unearth more talented local entrepreneurs and equip them with the necessary skills or knowhow to flourish and truly move Myanmar forwards,” said Mr. Yoshiaki Benino, Chief Operating Officer of MPT-KSGM Joint Operations.
Similar to last year’s edition, teams will also benefit from the extensive media coverage on MPT and MCF Facebook pages, as well gain exposure through mass media coverage of their business ideas. A dedicated website and social media presence will be launched for the competition, and applications can be lodged online, through the respective MPT offices in states and regions around Myanmar.
For more information about the competition, application process and criteria please go to the official competition website at www.mmtechnopreneurship.com. MPT state and regional offices are also accepting applications and application locations can be found at: https://bit.ly/2ypVtMG. Interested teams may visit the official websites and Facebook pages of MPT and the MCF for further details.