Phnom Penh
24th August 2023
Prestige Consulting and Khmer Enterprises are proud to announce the launching of a new accelerator program called SprintX.
SprintX is an accelerator program which focuses on investment readiness support and investment deal advisory for tech startups and tech-driven SMEs. The program is designed by Prestige Consulting to provide crucial training and mentorship on the most critical subjects, such as product and service commercialization, market analysis, business development strategies, financial management, and investment deal.
SprintX startup participants who progress as semi-finalists are eligible for investment advisory support from Prestige Consulting, the business consulting firm and the operator of the SprintX program. The support includes guidance on financial and non-financial document preparation for investors, due diligence, investment deal negotiations, and connection with local and international investors. This support is in response to the access to finance challenge–the biggest challenge among startups and entrepreneurs.
“SprintX Accelerator Program is a blended program in Cambodia, by combining accelerator and investment deal support which allows participating startups to explore the possibility of raising funds either from angel investors or equity investments. We hope our participating startups receive the interest from local and international investors.” said H.E. Dr. Chhieng Vanmunin, CEO of Khmer Enterprise.
“Our investment advisory service for the startups in the SprintX program reflects our bigger mission to bridge the funding gap in Cambodia’s investment landscape,” said Ms. Jolyda Sou, Managing Director of Prestige Consulting.
Commenting on the sponsorship, Ms. Theam Romny, Chief External Relations Officer and Regional Manager of ABA Bank, said, “We are excited to support the SprintX Accelerator Program as part of our commitment to fostering innovation and growth in Cambodia's tech startup ecosystem. By providing sponsorship, ABA Bank aims to empower emerging businesses with the resources they need to succeed in the digital age.”
Alibaba Cloud (Singapore) Private Limited, leading digital platform for cloud services, also provides sponsorship to SprintX as part of its commitment to support Cambodian startups in technology adoption.
The program accepts applications from tech startups and tech-based SMEs until 16th September 2023 at 11:59PM. Application link: https://forms.gle/PiEvrs6CiQZYrnTe6
For inquiry or clarification, potential applicants can contact via Telegram at https://t.me/prestigeconsulting or email to info@prestigealliance.co.
Khmer Enterprise (KE) is a unit under the Ministry of Economy and Finance, which aims to mobilize, invest and manage resources, from all legitimate sources, to support the development of a vibrant entrepreneurial ecosystem and to provide financial and non-financial support to related entrepreneurial ecosystem activities.
Prestige Consulting is a professional service firm specializing in business consulting (business development, financial and investment advisory, digital marketing), program management, training & capacity development, and tech development.
Advanced Bank of Asia Limited (ABA Bank), the largest commercial bank in Cambodia and the leader in digital financial solutions founded in 1996, is the largest commercial bank in Cambodia by assets, deposits, loans, and net profit. The Bank offers the entire spectrum of services to customer segments covering SMEs, micro businesses, and individuals through 85 branches and 849 ATMs. ABA Bank is the exclusive bank sponsor of the SprintX Accelerator Program.
Allibaba Cloud, registered and headquartered in Singapore, is a cloud computing company, a subsidiary of Alibaba Group, which provides cloud computing services to online businesses and Alibaba’s own e-commerce ecosystem. Alibaba Cloud is the platinum sponsor of the SprintX Accelerator Program.
