Logo of Phnom Penh Post newspaper Phnom Penh Post - Incubator launches startup in Cambodia

Incubator launches startup in Cambodia

Incubator launches startup in Cambodia

Confluences Asia, a local business development and consulting firm, launched its first startup in Cambodia yesterday as part of an incubation program aimed at supporting European businesses in the region by providing human resource, marketing and legal support.

The company said in a press release that it launched Wendgo, a new digital provider of cloud-based point-of-sale (POS) services targeted at retail and the food and beverage businesses.

The startup was the first to emerge from Confluences Asia’s incubation program, which aims to nurture SMEs that are focused on innovative strategies with high local impact.

“Through our consulting services we are bringing in European technologies and skills to the local market, hoping in the future that we will be able to bring top quality Cambodian services and products into overseas markets also,” said Soreasmey Ke Bin, managing director of Confluences Asia.

Confluences Asia is currently incubating six other startups, according to incubator coordinator Theary Hé.

“One is very advanced, and we will be incorporating it within a few weeks,” she said. “There are two others at an advanced stage and we can expect them to raise funds in the first few months of this year.”

She added that while all the foreign startups are currently managed by Cambodians living abroad, “we hope to get local entrepreneurs to join us soon”.

MOST VIEWED

  • Hun Sen says Kingdom not a 'satellite country'

    Prime Minister Hun Sen said Cambodia had sent diplomatic notes to various embassies demonstrating its stance and clarifying allegations that the Kingdom is a satellite country of China which will allow it exclusive access to the Ream Naval Base in Preah Sihanouk province. The response

  • Vast Prince Manor fun park opens to much fanfare in Kandal

    Chinese-owned Prince Culture and Development Co Ltd officially launched the $85 million Prince Manor entertainment centre in Kandal province on Wednesday. Prince Manor is located along National Road 1, 20km from the centre of Phnom Penh. It is the first major theme park project in Cambodia and

  • Angkor provides ‘valuable’ water storage

    The Apsara National Authority (ANA) has stored millions of cubic metres of water at reservoirs in the Angkor area after Cambodia experienced a series of rainstorms over the last few days. The storing of the water, besides serving temple conservation, will also be used to

  • Floods prompt evacuations in Kampong Speu

    Rain-induced floods and water flowing from Kampong Speu province have submerged the houses of 1,527 families living close to the Prek Thnot River in Spean Thma, Tien, Kong Noy and Roluos communes in Phnom Penh’s Dangkor district, according to data from local authorities. Spean Thma

  • Serving coffee with a side of robots

    The eye-catching glass building surrounded by greenery at the intersection of Streets 371 and 2002 in Phnom Penh’s Sen Sok district is more than just another coffee shop where you can while away a few hours. UrHobby House cafe is filled with robots and characters from

  • Cintri strike ends, workers’ contracts to be terminated

    CINTRI (Cambodia) Ltd rubbish collectors who have been on strike for the past 13 days agreed to return to work starting Wednesday evening after the company agreed to terminate their contracts at the end of January next year and provide seniority payments and other benefits to