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Khmer Enterprise and Swisscontact on strengthening entrepreneurial ecosystem in Cambodia 

Cambodia
Entrepreneurial ecosystems
08.07.2021
Khmer Enterprise and Swisscontact signed a Partnership Agreement to strengthen the entrepreneurial ecosystem in Cambodia. This collaboration seeks to pilot several tools in the Phnom Penh Ecosystem to promote collaboration between entrepreneurial support organizations (ESO) and foster peer exchange and mentorship. This collaboration is jointly funded by Khmer Enterprise and Credit Suisse through Credit Suisse-Swisscontact (CSSC) initiative. 

In 2020, Swisscontact together with Impact Hub Phnom Penh published “Connecting the Phnom Penh entrepreneurial ecosystem.” The research was a product of the CSSC initiative, funded by the Credit Suisse Financial Inclusion Initiative (FII) and implemented by Swisscontact in collaboration with Impact Hub Phnom Penh. Additional support for this research and the consultation workshop was provided by Khmer Enterprise and USAID Regional Investment Support for Entrepreneurs (RISE). This research was conducted to better understand the entrepreneurial ecosystems in Phnom Penh and to gain a more objective sense of the ecosystem’s current state of health. Based on the findings and the consultation workshop, the report suggests that the entrepreneurial support organizations (ESO), particularly ecosystem builders and funders, should focus on, among others, ESO collaboration and entrepreneurial peer exchange and mentorship. The partnership between Khmer Enterprise and Swisscontact will explore ways to promote ESO collaboration and entrepreneurial peer exchange and mentorship. 

“Through the collaboration between Khmer Enterprise and Swisscontact, Khmer Enterprise hopes the collaboration will enrich the ecosystem network through professional skills exchange and mentorship,” said Dr. Chhieng Vanmunin, CEO of Khmer Enterprise. “This work will generate a positive outcome that is impactful to the entrepreneurship ecosystem whose beneficiaries are entrepreneurs, Startups and SMEs” he added.

 “An ecosystem can be stronger and healthier when many different types of individuals and organisations get involved to share experiences and learning. At Swisscontact we strongly believe trust-building is the basis for such collaboration and therefore a focus of our initiatives," said Ms. Ariane Appel, Global Programme Manager of Credit Suisse-Swisscontact (CSSC) initiative.

Dr. Chhieng Vanmunin, CEO of Khmer Enterprise and Mr. Rajiv Pradhan, Country Director of Swisscontact, signed the Partnership Agreement on behalf of their respective organization. The signing ceremony was held at the Swisscontact office with a limited number of participants following the COVID protocol.