Myanmar’s first-ever tech startup accelerator Phandeeyar Accelerator today announced the launch of cohort 2 at its downtown innovation lab.
Applications for Cohort 2 opened on 8 June 2017, and will close on 31 July 2017. Up to 10 startups will be selected in August 2017. The six-month programme will begin in September 2017 and will culminate with an investor event in March 2018.
Startups which are accepted into Phandeeyar receive US$25,000 in seed investment, six months of coaching from over 40 local and international mentors, as well as access to a network of investors. Additionally, the startups in “Cohort 2” will also be eligible for more than US$200,000 worth of services from its strategic partners, such as
● Telenor Myanmar – A fast track to access go-to-market services from Myanmar’s leading international mobile operator
● Wave Money – Up to $20,000 worth of product, monetization, and in-kind marketing support from Myanmar’s largest mobile money service provider
● FB Start – Up to $80,000 worth of benefits from Facebook’s program for early stage mobile companies
● Amazon AWS – Up to $15,000 worth of web hosting of credits and support
● Microsoft BizSpark – Up to $27,000 worth of Azure cloud services
● Today Ogilvy – $15,000 worth of public relations, digital marketing, and branding services
● PwC Myanmar – Comprehensive financial management training
● JobNet – Up to $10,000 worth of recruitment services and HR training from Myanmar’s leading digital recruitment platform
● Edulink – Six months of English language training from one of Myanmar’s top English language schools
Phandeeyar Founder and CEO David Madden said: “Myanmar is now connected. Tens of millions of people are already using smartphones and data. Phandeeyar Accelerator is investing in the companies that are building the technology products and services that will enable Myanmar’s digital leapfrog. Through Cohort 2, we will once again be providing the country’s most promising new entrepreneurs with the money, the skills and the network that they need to create successful new businesses.”
“We know from all our other work that there are many more promising early-stage tech startups in Myanmar. We also know that it’s hard to build a company by yourself. Phandeeyar Accelerator Cohort 2 is a great opportunity for the best Myanmar startups to get the money and support that they need,” said Phandeeyar Accelerator Director Jes Kaliebe Petersen.
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