Impact Hub Phnom Penh, one of the capital most well-known coworking spaces, has recently announced the launch of Cambodia’s first one-year incubation program which supports aspiring social entrepreneurs and startups to launch and grow their business.
Partnering with Development Innovation, the EPIC program will be the first in Cambodia to invest $20,000 in prototyping budgets, consulting, workspace and stipends in five selected startups that use technology to improve society or the environment.
Applications open on August 29. Initially, ten teams will be selected for incubation, starting in October. The number of teams will later be narrowed down to five for the acceleration phase of the program, in which they focus on producing a market-ready product.
The final five teams will receive 36 weeks of business training and mentoring as well as the possibility to access a $20,000 stipend to fund their start-up.
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