SprintX Program Season 2 Provides Bigger Investment Readiness Support
On February 6, 2025, Khmer Enterprise, in collaboration with Cellcard and Prestige Consulting, launched “SprintX Accelerator 2” with the participation of entrepreneurs, distinguished guests, and representatives of development partners, the private sector and three institutes.
A total of 30 people attended the launch event, which also included a program overview presentation and a panel discussion on investment readiness, tech startups, and business in Cambodia.
According to a press release issued by the organisers, SprintX Accelerator aims to take in potential startups focusing on technology and innovative solutions to leverage their skills through various activities to ensure their investment readiness. The program features multiple activities, including a Masterclass consisting of an essential component in business management and operation; experience sharing by an expert guest speaker; mentorship; and an opportunity to be selected in the final round to receive a grant.
In the program's first season, SprintX Accelerator supported 12 startups, seven of which went on to join the deal support phase, making them ready for financing and connecting them with angel and institutional investors. Two startups are reported to receive financial support through business competitions with a total amount of USD 30,000.
H.E. Dr. Chhieng Vanmunin, Delegate of the Royal Government in charge as CEO of Khmer Enterprise said"
Startups and MSMEs are the driving force of economic growth, creating jobs, promoting innovation, increasing productivity, and enhancing competitiveness. The royal government has been promoting the development of a favourable environment for startups and MSMEs to grow, become resilient, and stay innovative. In this regard, Khmer Enterprise believes that this acceleration program will contribute to the diversity and growth of the economy.
“As the only Cambodia-owned operator in the country, Cellcard is thrilled to witness the growth of tech startups and companies that are pioneering innovative solutions," commented Chea Tola, Chief Enterprise Segment Officer of Cellcard. "We are excited to sponsor the SprintX Accelerator 2 program, which serves as the perfect launchpad to empower these startups, helping them scale and unlock their full potential.”
Sou Jolyda, Managing Director of Prestige Consulting, further added, “Building on the success of SprintX Season 1, we are committed to continuing our support for fostering innovation and investment Our program is designed to equip businesses with the skills, resources, and networks they need to embrace funding opportunities.”
The program has now started to accept applications for the second season until March 6, 2025. SprintX Accelerator 2 is supported by Khmer Enterprise, with Diamond Sponsorship from Cellcard, and is implemented by Prestige Consulting.
This press release was supplied.
