Telenor Myanmar names two startups in its first accelerator programme

Photo: Telenor Myanmar. Team GoP, one of the two start-ups chosen for the accelerator programme.

Telecom operator Telenor Myanmar has named two start-ups it has accepted for its first accelerator programme.

MyanZen and GoP are the two tech startup teams who will be joining Total Access Communication Public Company Limited (Dtac)’s boot-camp programme in Bangkok on May 4 together with other qualifying teams from parallel programmes in Thailand and Malaysia. They will also receive a seed funding of up to $50,000 each to power their businesses.

MyanZen is a platform which will enable users to sell anything, anywhere and anytime while GoP is a one-stop platform for facilitating travelers and travel agencies.

The two teams joining the four-month bootcamp in Bangkok will gain experience from workshops with Silicon Valley experts and a mentoring with qualified, successful startup entrepreneurs from the region.

They will have the opportunity to pitch to global and regional venture capitalists and explore commercialisation opportunities with Telenor.

“Telenor Accelerate was introduced in Myanmar to help local startups realise their potential, and grow. Myanmar has a pool of many talented startups, which we believe have a strong future given the right support, the exposure to advance their ideas, and potential commercialization opportunities. We believe the two winning teams will be able to grab the opportunity,” said Ronny-Bakke Naevdal, Chief Strategy Officer at Telenor Myanmar.

Telenor Myanmar’s accelerator programme has over 39 applications from where 10 were shortlisted as finalists and two were selected for the bootcamp.

Telenor Myanmar will take 10 per cent stake in the startups. “One of the reasons we take 10 per cent ownership in your company is so that we’ll be partners,” according to the programme information.

Apart from Telenor Myanmar Accelerate programme, Telenor Myanmar also invites local entrepreneurs to be distributors and franchisees as well as forming Telenor Light House to improve digital literacy in the country.

The startup community in Myanmar is becoming more vibrant with much support seen in the country than a couple of years before. The compound of Myanmar ICT park also has a hub named Kanaung Hub, where the Myanmar Computer Federation looks to support tech startups.

Also Read:

Telenor Myanmar to invest $100k in two tech startups

Myanmar: MCF look at seed-stage investing in tech startups

Myanmar: Telenor, Yoma to launch mobile financial service Wave Money in 2016

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.