Wing Bank, a leading financial institution in Cambodia, is committed to supporting the growth of tech startups in the country. In collaboration with the Ministry of Economy and Finance, Techo Startup Center, and Khmer Enterprise, Wing Bank is providing continuous support to drive the adoption of digital startups and innovation in Cambodia.
As part of its efforts, Wing Bank became a Diamond Sponsor of the Digital Platform Accelerator Cohort 2 program, which was organized by the Ministry of Economy and Finance, Techo Startup Center, and co-organized by Khmer Enterprise. The program aims to offer comprehensive business development strategies for emerging digital startups in Cambodia.
Han Peng Kwang, CEO of Wing Bank, expressed his enthusiasm for supporting tech startups, stating, We are delighted to assist tech startups through our collaboration with the Ministry of Economy and Finance, Techo Startup Center, and Khmer Enterprise. This enables tech startups in Cambodia to be prepared and ready to enter the world of the digital economy.
The Digital Platform Accelerator program serves as an excellent accelerator program for new startups to gain experience, guidance, and support for sustainable business operations in the tech world. Through this program, young innovators are empowered to grow their ventures and present their novel solutions to investors, business partners, and customers.
The Digital Platform Accelerator Cohort 2 provides entrepreneurs and innovators with guidance on optimal business strategies, support for their progress, and equips them with essential tools and skills. This program enhances the overall tech business environment in the nation.
H.E. Dr. Taing Nguonly, the Director of Techo Startup Center, expressed gratitude to Wing Bank and other partners for their support. He said, We are delighted to host another season of the Digital Platform Accelerator Program, and we are thankful to partners like Wing Bank who helped make the program possible.
The second cohort of the Digital Platform Accelerator Program provided 16 weeks of intensive training and mentoring to all startups from March to June. At the end of the program, ten tech startups were selected to showcase their products and services at the demo day.
The judges recognized the innovative ideas and dedication of the participants and awarded prizes accordingly. Karpia won the first prize of 40 million KHR, followed by REAN ANN with the second prize of 30 million KHR, and CONSA Tech with the third prize of 20 million KHR. Two other teams, AET-JAY and STEMUNITY, received the Honorable Mention award along with 10 million KHR each.
Wing Bank has been an excellent partner to Techo Startup Center, supporting various programs such as the Reverse Innovation Program 2021, the Digital SME Accelerator Program 2021, and the Digital Platform Accelerator Program 2022 and 2023. In addition to offering sponsorship funds, Wing Bank also participated as a judge in the winner selection process.
With its continuous support and collaboration with key stakeholders, Wing Bank is playing a vital role in accelerating the growth of tech startups in Cambodia. The contributions of Wing Bank not only help tech entrepreneurs gain skills and expertise but also foster a thriving tech ecosystem in the country.
