In a significant step towards promoting entrepreneurship and innovation among Cambodian youths, Khmer Enterprise, in collaboration with Expert Leadership Innovation Exchange (ELIX) and Reactor School, has launched two Entrepreneurship Programmes. These programmes aim to equip undergraduate students with the necessary skills, mentorship, and guidance to pursue their entrepreneurial dreams.
Supported by the Ministry of Economy and Finance, Khmer Enterprise plays a vital role in mobilizing and managing resources to develop a vibrant entrepreneurial ecosystem in Cambodia. The organisation provides both financial and non-financial support to entrepreneurs, startups, potential SMEs, and partner institutions, fostering innovation and value-added creation in the country’s economy.
The partnership between Khmer Enterprise and ELIX has resulted in the implementation of the Entrepreneurship Lean Launchpad (ELL) programme. This programme, co-implemented with ELIX, will introduce students to the Lean Launchpad method. By defining problems through stakeholder interviews and developing viable solutions that address real market needs in Cambodia, the ELL programme aims to produce 30 young tech-startup founders. Leveraging the vast experience and knowledge of the University of California, Berkeley’s Haas Business School faculty, the programme will challenge entrepreneurial biases and cultivate independent and innovative thinking among the students.
In addition to the ELL programme, Reactor School will implement the UNIPRENEUR Programme, a comprehensive series of entrepreneurship initiatives targeted at university students. With a vision to train approximately 120 students, facilitate the ideation of 30 early-stage startups, and equip 20 educators with essential entrepreneurial skills and knowledge, the UNIPRENEUR Programme will empower aspiring entrepreneurs with access to valuable resources and mentorship. By fostering a spirit of collaboration and entrepreneurship, Reactor School aims to propel Cambodia’s startup ecosystem to new heights, paving the way for economic growth and social progress.
H.E. Dr. Chhieng Vanmunin, CEO of Khmer Enterprise, said, “Khmer Enterprise is thrilled to co-implement both Entrepreneurship Lean Launchpad and UNIPRENEUR programmes designed to create a new generation of entrepreneurs through promoting industrial-based research, technology transfer, and entrepreneurship capacity building among university students to support young entrepreneurs in transforming their innovative ideas into viable solutions based on market needs.”
Mr. Pen Chanda, Chief of Party from USAID DWD, stated that “The Entrepreneurship Lean Launchpad programme will draw on the expertise of implementing partner University of California Berkeley’s Haas Business School faculty, who have more than a decade of experience teaching this programme around the world. The launchpad methodology is counter to how many startups typically form and we hope to cultivate independent, innovative thinking among students that challenges entrepreneurial bias. ”
Mr. Rusydi Khairul, Co-Founder and CEO of Reactor Group, commented that “We are excited to partner with Khmer Enterprise to introduce the UNIPRENEUR Programme to Cambodia. This collaboration will provide aspiring entrepreneurs with access to invaluable resources and mentorship, empowering them to turn their innovative ideas into successful ventures. By igniting a spirit of entrepreneurship and fostering a supportive community, we aim to cultivate a culture of collaboration and innovation that will propel Cambodia’s startup ecosystem to new heights, creating a ripple effect of economic growth and social progress.”
The collaboration between Khmer Enterprise, ELIX, and Reactor School is a commendable effort to build a strong foundation for entrepreneurship in Cambodia. By providing undergraduate students with the necessary tools and guidance, these programmes will ignite a new generation of entrepreneurs. The focus on research, technology transfer, and entrepreneurship capacity building among university students will transform their innovative ideas into viable solutions that meet market needs.
Cambodia’s higher education institutes also play a crucial role in this collaboration. The eight partnering institutes, including renowned institutions such as the National University of Management, the Institute of Technology of Cambodia, and the American University of Phnom Penh, will contribute to the success of these entrepreneurship programmes. By creating a conducive environment for innovation and entrepreneurial development, these institutes are shaping the future of Cambodia’s entrepreneurship ecosystem.
The launch of these programmes signifies a collective effort to nurture and support young entrepreneurs in Cambodia. With access to invaluable resources, mentorship, and expert guidance, aspiring entrepreneurs will now have the platform to turn their innovative ideas into successful ventures. This collaboration holds the potential to drive economic growth, create job opportunities, and foster a culture of entrepreneurship in the country.
As Cambodia embraces the digital era and positions itself as a hub for innovation and entrepreneurship, initiatives like these are instrumental in shaping the future of the nation. The Entrepreneurship Lean Launchpad and UNIPRENEUR Programmes will cultivate an entrepreneurial mindset among Cambodian youths, empowering them to create meaningful impact through their ventures. The development of a strong entrepreneurial ecosystem will not only contribute to economic growth but also enable social progress and sustainable development in Cambodia.
The collaboration between Khmer Enterprise, ELIX, and Reactor School to launch these Entrepreneurship programmes is a significant milestone for Cambodia’s entrepreneurship and innovation ecosystem. By nurturing and supporting aspiring entrepreneurs, these programmes will pave the way for a thriving startup culture, drive economic growth, and create a brighter future for Cambodia.
For more information, please contact:
Mr. Chea Sunsatya, Entrepreneurship Development Manager