Phnum Impact is being launched to promote entrepreneurship in Cambodian cities and rural areas and is formed by Impact Hub Phnom Penh, with funding from Khmer Enterprise (Ministry of Economy and Finance) and co-funding from PACT Cambodia.
Phum Impact is our way of bringing the programs, events and network of Impact Hub Phnom Penh to youth communities in other provinces. Phum Impact won’t be directly led by us, but we’ll be looking for rockstar local founders who share our passion for impactful entrepreneurship.”
Empowering Cambodian youth and startup ecosystems
The teams from Phnum Impact will be visiting the respective Cambodian provinces and look to meet potential Founding teams.
Phnum Impact describes itself as “a grassroots initiative in order to launch locally rooted communities across Cambodia. Through intensive training, coaching and seed funding from Impact Hub Phnom Penh, Phum Impact will play an active role in engaging and connecting local start-up ecosystems in the province, provide business skills training, tailored coaching and community networks to holistically build the entrepreneurial mindsets and capabilities of young entrepreneurs.”
Dr. Chhieng Vanmunin, CEO of Khmer Enterprise said: “As a unit under the Ministry of Economy and Finance, KE has the vision to become the national platform for promoting entrepreneurial activities in Cambodia. This initiative, Phum Impact, aims to build the entrepreneurial capacity and connect young entrepreneurs and start-ups into an entrepreneurial community, which is well-aligned to KE’s vision.”
Olivia Hough, Managing Director of Impact Hub Phnom Penh added, “We hope the Phum Impact community model will inspire a new generation of impact-driven leaders and entrepreneurs, connect and build new startup ecosystems, and proudly put Siem Reap and Battambang on the map as the upcoming cities to live in and start businesses in Cambodia”.
Impact Hub Phnom Penh
Impact Hub Phnom Penh’s mission is to create a more sustainable and innovative Cambodia by empowering youth and startups to contribute to solving problems (social and environmental) through entrepreneurship and leadership.
They have award-winning incubation programs and have supported over 600+ entrepreneurs in the Kingdom of Cambodia to build startups.
Khmer Enterprise (KE), as a unit under the Cambodian Ministry of Economy and Finance, and tasked with being the national platform for promoting entrepreneurial activities through leveraging public-private-partnership. The key prioritized sectors include:
- tech startup
- agro-processing and agriculture for export
- manufacturing for import substitution
WE Act project
Women Entrepreneurs Act “WE Act” supports young women entrepreneurs in Cambodia to strengthen their skills, business linkages, and participation with relevant associations. It is funded by the U.S. Agency for International Development (USAID) and implemented by Pact in collaboration with diverse local organizations and companies.
WE Act is part of PACT Cambodia‘s remit.