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Myanmar Youth Technopreneurship Development Program 2020 Promotes Future Technology Innovators

05 Dec 2019

(Yangon, 5th December 2019) – MPT, Myanmar’s first and leading telecommunications operator and Myanmar Computer Federation (MCF) are inviting candidates to participate in the Myanmar Youth Technopreneurship Development Program 2020, the 3rd year of MPT and MCF’s effort to develop next generation of entrepreneurs in Myanmar. MPT’s business incubation initiative aims to identify and support talented and aspiring entrepreneurs with innovative business ideas addressing various socio-economic issues and can make a difference in people’s lives with the use of technology.

Myanmar Youth Technopreneurship Development Program was launched in 2017 to create new business opportunities for the youths, develop tech skills for local talents, establish network or relationship among local startup communities and to promote Startup and SME ecosystem in the fields of Education, Agriculture, Health Care, Society, Open Data, Civic Tech, Entertainment and Fintech.

Application submission period to Myanmar Youth Technopreneurship Development Program 2020 began on 6th December 2019 with the deadline set for 24th January 2020. The contest is run in two stages: the preliminary stage and the finals planned for February 2020. Youth teams nationwide can apply to enter the competition, after which the winning teams will be selected each from Upper Myanmar (based in Mandalay), and Lower Myanmar (based in Yangon) regions.

The winners of the Myanmar Youth Technopreneurship 2020 will be selected by panel of judges after the pitch and winners will be selected in three categories:

(1) Technopreneurship 2020 Accelerate Award
(2) Technopreneurship 2020 Startup Award
(3) 2 x Technopreneurship 2020 Idea Awards

The winners of Myanmar Youth Technopreneurship Development Program 2020 will be announced on 24th February 2020. Besides the financial prize, winners of Accelerate Award and Startup Award will also get an opportunity to further develop their business ideas and receive mentorship from well-known business leaders and trainers during a free 6-month residency at the Kanung Hub Incubation Centre along with support to setup a business entity.

Mr. Koichi Kasuya, Chief Operating Officer of MPT-KSGM JO, said, “We believe that our Technopreneurship Development Program 2020 will bring together young Myanmar entrepreneurs with the most innovative business ideas. Also, we want to incite an entrepreneurial ecosystem supporting Myanmar start-ups. Enhancing technopreneur culture among youths is aimed at building the capacity for digital economy and transformation of Myanmar companies in line with the global trend towards the 4th Industrial Revolution”

U Min Zeyar Hlaing, Chairman of MCF, added, “For the economy and our nation, the importance of ICT innovations by young technopreneurs cannot be overstated. Our goal is to drive innovation by connecting entrepreneurial teams and developing tech skills for local talents of Myanmar to leap into the 4th Industrial Revolution era with a thriving digital economy. I am convinced that we will be able to reach our goals in collaboration with MPT.”

MPT and MCF have been working together to nurture talented young entrepreneurs through Myanmar Youth Technopreneuship Development Program since 2017 and the winners of the previous editions include viable business ventures such as Blue Frog Co., Ltd. (connecting learning of Karen ethnic languages with AR technology), Idea Capsule Co., Ltd.(Lottery Palace application where users can purchase the government lottery online) and KLENIC Myanmar Co., Ltd. (offering an affordable healthcare mobile application “Doctor Kyaw”).

Myanmar Technopreneurship Development Program 2020 can be applied through its official website of https://www.mmtechnopreneurship.com and through MPT offices nationwide (http://bit.ly/2OGsOhv). Detail criteria and timeline including the program can be accessed through https://www.mmtechnopreneurship.com and official FB page of https://www.facebook.com/mmtechnopreneurship.