The initiative is part of the plaza's commitment to fostering a vibrant business community in Phnom Penh. Interested individuals and businesses can take advantage of this incredible opportunity to establish themselves in a prime location without worrying about rental costs for the first year. Find out more by clicking on the link in the article.

The 12th edition of Give a Day brought together Cambodia's entrepreneurial ecosystem with Vannarath Vicheth, the Investment Director at OBOR Capital as keynote to discuss the challenges faced by investors when investing in startups, as well as what startups need to prepare for when seeking investments. The event was held at the Khmer Enterprise Headquarters in Phnom Penh and was attended by over 50 of Cambodia's leading stakeholders in the startup scene.

Singapore-based Haystack Global, an international investment company, has announced the acquisition of an additional 18% stake in Camboticket, a major online travel booking platform in Cambodia. This acquisition increases Haystack Global's ownership in Camboticket to 70% and further solidifies its position in the Southeast Asian market. The remaining 30% of shares are held by well-known conglomerate Royal Group of Cambodia.

Rising Giants (RG) and Cambodia Investment Review (CIR) inaugural Start-Up & Innovation Festival Cambodia 2023 has announced its first speaker panel, titled "The Key Issues Impacting Venture Capital in Southeast Asia." The event, which will take place on April 8 at FACTORY Phnom Penh and will feature some of the leading investors in the startup space in Cambodia and Southeast Asia. Limited tickets are on sale now at $20 for general public and $10 for students.

Entrepreneurship development serves as a catalyst for economic growth and development in the context of a world economic turnaround. It can enhance Cambodia's competitiveness in the global market by creating new businesses, generate employment opportunities, and drive innovation. Hence, to provide further support programs that could address the challenges being faced by SMEs and to foster the growth of the entrepreneurial ecosystem in Cambodia, on March 9th, 2023, Entrepreneurship Development Fund (EDF) organized the Annual (14th) Board of Trustees meeting.

Platform Impact, in a strategic partnership with Cambodian Investors Corporation (CIC), has completed the first year of its Program Impact for SMEs (PRISME), an innovative and transformative three-year Ventures Building program. The program aims to build an ecosystem for Cambodian SMEs to encapsulate ESG and enhance their competitiveness and ability to scale up to attract investors or partners with the program achieving six investable equitable proposals, for which Platform Impact had secured to date over $800,000 with subsequent funds raising to be pursued up to $10 million.

Tenbox, a Cambodian-based startup that provides a digital wholesale marketplace for retail store owners, has secured a strategic investment from Choice Accelerator. The investment will assist the company further leverage its technology products and strategic partners to accelerate retails & SMEs in Cambodia.

Rising Giants (RG) and Cambodia Investment Review (CIR) are pleased to announce the RG & CIR Start-Up & Innovation Festival 2023, which will take place on April 8, 2023 at FACTORY Phnom Penh. The full-day event is set to bring together some of Cambodia's most well-known creatives, start-up founders and investors for a unique private sector-led discussion on Cambodia's startup and innovation landscape.

KhmerCare, a new crowdfunding platform for charity and social enterprises, has launched in Cambodia, offering a transparent and efficient way for donors to contribute to local causes. The platform was developed by Pathmazing to assist in addressing the funding gap for charities and early-stage impact-driven businesses by allowing enterprises to raise capital through crowdfunding.

Phnom Penh-based Novation Academy, an “advanced aviation training facility” is now accepting applications for people wishing to gain a commercial pilot's license in Cambodia. Launched last year the academy offers customers the chance to get a private pilot’s license, assistance with buying and storing planes, as well as even the chance to “co-own” a plane. Their main aim though and indeed business model is to train the next generation of commercial pilots, an area where the region is now drastically lacking personnel.