A program designed to aid and mentor tech start-up companies is offering a 6-month program for entrepreneurs in Myanmar. Lithan, a Singapore-based company designed to accelerate digital and technical skills in emerging countries, recently announced that applications to their Techup Accelerators Programme is now open. The six month full-time programme aims to incubate digital savvy talents to create their tech startup from scratch – even if they still don’t have any startup idea or team.
The startup skills of the participants will be assessed and given a personalized development plan. Participants will be given unlimited access to the comprehensive suite of on-demand learning and mentoring support to acquire skills in innovative venture creation, digital marketing, product management, sales, and agile management. For those without a ready idea, participants can select from a portfolio of startup ideas that Lithan believes has the greatest potential in Myanmar. These ideas currently include sharing economy businesses, social commerce, social enterprises, Fintech & Education technology.
The participants will receive a monthly cash stipend to support their full-time commitment. At the end of the incubation period, there will be a pitching and judging session to select the Top 5 startups. Each of the Top 5 will receive $10,000 seed investment and the programme culminates in a trip to Singapore for fundraising and networking “Demo” day.
“The pace and scale of recent technological changes are unprecedented. Digital Technology has transformed businesses and redefined jobs. The world is fast becoming a global digital village and Lithan’s mission here is to develop future ready digital talents and innovative enterprises ready to compete in the new economy,” says Leslie Loh, founder of Lithan .
Southeast Asia is expected to lead the tech innovation over the next half of the decade, according to the Development Bank of Singapore.
