Myanmar entrepreneur body plans to set up angel network

Photo: Juliet Shwe Gaung. Htun Htun Naing, chairman of MYEA shares his business experiences at the Myanmar Entrepreneurs Carnival held in Yangon.

In a fillip to the country’s fledgling startup ecosystem, the Myanmar Young Entrepreneurs Association (MYEA) – a 1,000-member strong body – is looking at setting up a local angel network over the next three months with commitments from 20 local investors who seek to inject seed capital into homegrown startups.

MYEA chairman Htun Htun Naing said, the initiative will be launched with an initial corpus of K400 million (about $293,000) available for local startups.

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