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MPT Moves Youth Entrepreneurship Forwards in 2018

15 Dec 2017

(Yangon,15th December, 2017) MPT is excited to be the main supporter of “Myanmar Youth Technopreneurship Development Program 2018,” a competition hosted in partnership with Myanmar Computer Federation and MPT to support youth and their ability to start businesses in areas relevant to MPT’s expertise. As part of its CSR efforts, MPT is dedicated to supporting young business entrepreneurs by providing access to business skills and capacity-building training to leave a lasting impact for the next generation.

The competition seeks entrants from around Myanmar to compete for the chance to turn their business ideas into reality. Organisers expect hundreds of teams to apply nation-wide to compete to find the most promising new start-ups in the following categories: civic technology, open data, business, agriculture, education, health care, society and entertainment.

Applications open from 18 December 2017, and applications close 18 January 2018. To apply, teams are asked to identify a problem, propose a solution, and then supply their commercialisation 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.

15 teams will be chosen each from Upper Myanmar (based in Mandalay), and Lower Myanmar (based in Yangon) regions and they will have a chance to present their product in front of the selection board. If successful, final 10 teams will have the opportunity to refine their business plans, and pitch their ideas to a board of judges and media. The highlight is a 1-week boot-camp program hosted in Yangon. From there, 3 teams will be selected for implementation of their dream program till success undertaken in conjunction with MPT and the Myanmar Computer Federation.

Teams will also receive extensive media coverage on MPT and MCF Facebook pages, as well as invaluable 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 respective MPT offices in states and regions around Myanmar.

The eventual winning team will be decided on 11 February 2018 in a final competition day, receiving 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, from March 2018. The winning team will also get the chance to further grow their business through the close assistance of mentors and skills transfer of successful start-ups in the field.

“The Myanmar Computer Foundation is delighted to be working with MPT to run the Myanmar Youth Technopreneurship Development Program. There are many opportunities here to develop new solutions to the problems faced by everyday Myanmar people, and we can think of no better group of people to do this than the youth of our country. We are very excited to see their projects develop over the next few months!” said U Khun Oo, President of MCF.

“MPT knows that today’s young people are the future of Myanmar, and business and digital skills will be an important part of their success. We want to encourage the next generation of technology entrepreneurs in Myanmar. The digital revolution will change workplaces significantly over the coming years, and Myanmar’s youth must be ready for this change. As Myanmar’s leading carrier, we have a very good understanding of digital technologies, and so we and MCF are especially excited to offer mentoring services to promising teams who use technology to move Myanmar forwards.” said Mr. Toshitake Amamiya, CEO of MPT-KSGM Joint Operations.

For more information about the competition, application process and criteria please go to www.mmtechnopreneurship.com  and official website and facebook page of MPT and MCF.