BRAVE Southeast Asia Tech: Singapore, Indonesia, Vietnam, Philippines, Thailand & Malaysia Startups, Founders and Venture Capital VC
Q&A: Cambodia’s Startup Ecosystem, Investment Hotbeds, Historical Conflicts & Tech Predictions for the Next 10 Years
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"My point of view is that over the next 10 years, the population will continue to educate themselves through parents, their own osmosis via the internet, and through investments, either from the public or private sector. The aspirational hope, hunger, and entrepreneurial ambition will continue to grow and naturally continue." - Jeremy Au
“I do think it's true that we don't see as many regional or local VCs in Cambodia, but what I was surprised about was seeing global impact investors, Korean impact investors, and even regional impact investors being very active there. They're investing in startups, whether it's agritech, pharmaceuticals, healthcare, or education. Some local Cambodian founders shared that education and healthcare are the two hottest sectors to build for right now in Cambodia.” - Adriel Yong
"My reflection on that is that so much entrepreneurship is from YouTube and the internet. We were chatting with aspiring entrepreneurs, and they said they wanted to be founders because they watched it on YouTube and heard stories about it. The concept of building technology, the resources they have on the internet, and English literacy are very high in Cambodia." - Jeremy Au
Jeremy Au and Adriel Yong discussed Cambodia's startup ecosystem, highlighting its growth potential, challenges, and historical conflicts. They noted that despite the country's tumultuous history, Cambodia has a young and growing population, with a high percentage of tech-savvy youth who are increasingly interested in entrepreneurship. However, they also acknowledged that the ecosystem is still in its early stages, with limited access to funding and a lack of infrastructure and support services.
To address these challenges, both Jeremy and Adriel emphasized the importance of collaboration and community building, particularly between entrepreneurs and government officials. They also noted the potential for regional partnerships and the growing interest of foreign investors in the Cambodian market.
In terms of growth potential, they identified several promising sectors, including fintech, e-commerce, and agritech, and discussed the potential for Cambodia to become a hub for Southeast Asian startups. However, they also cautioned that progress will depend on continued political stability and the ability to address ongoing corruption and issues around bureaucracy and infrastructure.
Overall, while Cambodia's startup ecosystem is still in its early stages, Jeremy and Adriel remain optimistic about its potential for growth and development, particularly with the support of local and international stakeholders.
Read the transcript at https://www.bravesea.com/blog/cambodia-startup
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