What is SmartSpark +Incubation Program?
SmartSpark+ Incubation Program
is a 10-week incubation program that is a launchpad for early-stage impact-driven businesses that contribute to making Cambodia a more sustainable and inclusive country. Through the use of Information, Communication, and Technology (ICT), they would be able to strengthen, scale, or optimize the impact.
What does the program offer?
- Bootcamp: A two-half-day program focused on helping teams better understand their target customer and develop a sustainable business model
- 1-1 Mentoring: Biweekly mentoring sessions with a dedicated mentor and extra 1-1 support to create a promotional video for the startup
- Pitch Day: An opportunity for participants to showcase their businesses in front of strategic partners and the public, providing valuable awareness and visibility for innovative businesses
- Financial Support: The winning team will receive a $5,000 cash prize award as seed funding to invest in and further develop their business
Who is it for?
SmartSpark+ is looking for impactful projects or startups that meet the following criteria:
What is the duration of the SmartSpark+ program?
The program starts in late June and continues with the Incubations stage until August. The winning team will receive additional support from the Impact Hub team until December 2023.
Who can apply for the SmartSpark+ program?
To be eligible for the SmartSpark+ program, teams must have an existing prototype and be committed to further developing it. The project or startup should be working towards achieving one or more of the Sustainable Development Goals (SDGs) 4, 5, 8, 9, or 10. Teams must consist of 2 to 4 people with diverse skill sets. Additionally, participants should be available to participate in the program from June to December 2023.
What is the application process for the SmartSpark+ program, and what are the requirements?
The application is now open, and shortlisted applicants will be invited for an interview session with the Impact Hub Phnom Penh team by mid-June.
What are the benefits of participating in the SmartSpark+ program?
SmartSpark+ provides selected participants with capacity-building related to entrepreneurial skills and mindset. Participants receive tailored support through biweekly mentoring sessions with a dedicated mentor from the program. The program culminates in a chance for participants to pitch their innovative solutions to the public and potential partners, with the opportunity to win a $5,000 cash prize as seed funding to develop their startup.
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