Logo of Phnom Penh Post newspaper Phnom Penh Post - Digital on the rise in Cambodia




Digital on the rise in Cambodia

Content image - Phnom Penh Post

Digital on the rise in Cambodia

Following regional and global trends, Cambodian businesses are investing into becoming digital more than ever before, hoping to unlock the great potential this booming space can bring. Maximizing the digital opportunity, however, requires dedication to a digital-first approach, and a commitment to foster fresh local talent in order tospark a new generation of digital entrepreneurs and tech businesses.

To meet a growing interest in Cambodian digital content, companies and organizations in the digital and tech space across the country have been crafting and piloting projects to enhance growth and development in the sector. Due to the young population only just beginning to grasp the concept of digital business, these pilot projects have predominantly been in the form of ideation, incubation and mentorship.

The largest such project to date is the Smart Axiata Digital Innovation Fund – a 5 million USD venture capital fund devoted to Cambodian-based digital service companies and start-ups. SADIF is flanked by theSmartStart:Young Innovator Program, which aims to turn the most promising tech concepts from selected Cambodian university students into actual tech enterprises. Bothinitiatives will certainly contribute towards Cambodia’s digital economy in the coming years, as the landscape continues to develop and grow according to the country’s needs

Content image - Phnom Penh Post
Thomas Hundt

“Smart is committed to being a pioneer and a long-term investor in the country’s ICT sector. We believe in the young generation and want to unlock and develop their untapped ingenuity,” said Thomas Hundt, CEO of SmartAxiata during the SmartStart launch, who sees the company as a central player in Cambodia’s digital future.

Content image - Phnom Penh Post
H.E. Tram IvTek

“Smart is one of our key development partners in Cambodia’s digital journey and we appreciate their support through initiatives like the Smart Axiata Digital Innovation Fund and SmartStart which provides significant practical and financial backing for our digital pioneers”, said H.E. Tram IvTek, Minister of Posts and Telecommunications of Cambodia during SADIF launch.

Cambodia’s journey of building a digital society has been made possible with the rapid expansion of mobile broadband availability and affordability. Smart continues to strive towards linking as many unconnected Cambodians with the fastest and widest award-winning mobile Internet network and new digital services as it continues to evolve into a digital lifestyle brand.Being a strong advocate of digital innovation, Smart has launched a diverserange of value added services and digital services such as SmartLuy, Smart Insurance, SmartPay, Smart Music and SmartNas.

Content image - Phnom Penh Post

MOST VIEWED

  • ‘Kingdom one of safest to visit in Covid-19 era’

    The Ministry of Tourism on January 12 proclaimed Cambodia as one of the safest countries to visit in light of the Kingdom having been ranked number one in the world by the Senegalese Economic Prospective Bureau for its success in handling the Covid-19 pandemic. In rankings

  • Kingdom accepts Chinese vaccine, PM first to get jab

    Prime Minister Hun Sen said China would offer Cambodia an immediate donation of one million doses of the Covid-19 vaccine produced by the Sinopharm company. In an audio message addressing the public on the night of January 15, he said Cambodia has accepted the offer and

  • Reeling in Cambodia’s real estate sector

    A new norm sets the scene but risks continue to play out in the background A cold wind sweeps through the streets of Boeung Trabek on an early January morning as buyers and traders engage in commerce under bright blue skies. From a distance, the

  • PM asks India for vaccine help

    Prime Minister Hun Sen is seeking assistance from India for the provision of Covid-19 vaccines as the country has produced its own vaccine which is scheduled to be rolled out to more than 300 million Indians this year. The request was made during his meeting with

  • Cambodia, India agree to start direct flights, tourism exchanges

    Cambodia and India have agreed to start direct flight connections and promote closer tourism exchanges and cooperation in all areas after the Covid-19 saga comes to a close. The agreement was reached during a meeting between Cambodian Minister of Tourism Thong Khon and newly-minted Indian

  • Plastic-to-rice initiative transforms waste into bricks

    Volunteers in Kampong Khlaing commune of Siem Reap province’s Sotr Nikum district have been collecting plastic waste to use as a raw material for the production of bricks and clemence tiles. The volunteers are hoping that, in addition to helping clean up the environment,