Logo of Phnom Penh Post newspaper Phnom Penh Post - CIC unveils investor training program

CIC unveils investor training program

CIC unveils investor training program

Private equity firm Cambodia Investor Club (CIC) on Saturday launched a new business program called Beyond Investment Opportunity (BIO), which aims to accelerate investment activity in the Kingdom by educating investors and entrepreneurs.

CIC managing director Lem Chansamrach said BIO will help those with surplus funds to learn how to evaluate business potential before acquiring the shares of a company. On the opposite end, it also seeks to help business owners connect with possible investors.

Chansamrach said there are many investment funds earmarked specifically for Cambodian businesses that should be taken advantage of.

“Local companies need to be qualified and that is why the BIO program was launched, to help participants gain access to funds,” he said.

He said the CIC has carried out investment funding since 2009 and, up to now, has made $4 million available to local firms.

$300 million for SMEs

The program will last for six months and consist of nine training courses. There will be many discussion sessions between participants and successful entrepreneurs in Cambodia.

The fee for the courses is $750 and aims to admit 100 participants. Fifty from the capital are already registered as well as 20 in Siem Reap.

Equity firms have been growing more plentiful in the Kingdom in the past few years. The five largest are currently EMIA, Belt Road Capital Management, Smart Axiata, Leopard Capital and IFC.

Together these major players have earmarked a total of $300 million for small- and medium-sized enterprises.

MOST VIEWED

  • ‘Education’ a priority traffic-law penalty

    A top National Police official on June 21 neither rejected nor confirmed the authenticity of a leaked audio message, which has gone viral on social media, on a waiver of fines for a number of road traffic-related offences. General Him Yan, deputy National Police chief in

  • Pursat Ford assembly plant opens

    The Kingdom’s first Ford assembly plant was inaugurated on June 16 in Pursat province amid rising demand for brand-new vehicles among Cambodians. The facility is seen as a game changer for the domestic automobile industry, which could bring a wave of investors seeking to cash

  • Volunteer scheme to foster ‘virtuous’ humanitarian spirit

    A senior education official said volunteer work contributes to solidarity and promotes a virtuous humanitarian spirit among the youth and communities. Serei Chumneas, undersecretary of state at the Ministry of Education, Youth and Sport, made the comment during the opening of a training programme called “

  • Siem Reap’s $18M zoo said to educate public, help wildlife

    Angkor Wildlife and Aquarium Co Ltd has invested $18 million in a zoo in Siem Reap province, which will be opened in October to educate and promote animal conservation as well as attract national and international tourists. Currently, the Angkor Wildlife and Aquarium is building the

  • $50B infrastructure plan en route

    The government’s upcoming $50 billion,10-year infrastructure master plan will provide tremendous investment opportunities for domestic and foreign entities, transport experts and economists say. Minister of Public Works and Transport Sun Chanthol revealed the plan to Japanese ambassador to Cambodia Masahiro Mikami on June 15. At

  • Chinese firms unveil preliminary results on metro, monorail for capital

    Minister of Public Works and Transport Sun Chanthol and representatives from China Road and Bridge Corp (CRBC) and its parent company, the state-owned China Communications Construction Co Ltd (CCCC), met on June 24 for talks on results of the firms’ preliminary study on a potential metro