The new batch focuses on boosting growth with the support of US$25,000 investment from the accelerator

Myanmar-based Phandeeyar Accelerator just announced the acceptance of five tech startups to join its third batch in its innovation lab. Each business will receive up to US$25,000 in investment as well as six-months-long mentorship, training, coaching, access to a network of venture capital investors and services from strategic partners including Amazon Web Services and Facebook. Plus office space.

Entering the third batch, the program focuses on companies with technology that it believes can change and develop Myanmar. These companies are mostly helmed by early-stage founders and they provide new digital products and services, contribute to social and economic progress in the country.

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The businesses in this third batch are varied from art, agriculture, construction, real estate to fashion. Here they are:

Asia Art Connect

Asia Art Connect is a marketplace site to sell local artists’ works from Asia to the international market. It seeks to support Myanmar Art industry with tech support while also selling and renting paintings and other art-related services.

Hivephing

It is a company that’s aimed to help blue-collar workers in the construction industry by connecting projects with masons, carpenters, painters, small labor groups, and professionals through an online marketplace.

Hydro Plant

The company is offering hydroponic and aquaponic farming technology to farmers in all levels. The company also supports those who want to grow vegetables in affordable price, efficient technology, and accessible place.

Nay Yar

It is a site that provides accessible housing options for rental with monthly affordable payments, targeting people who have low or middle income by avoiding the market practice of paying large fees in advance.

One Sett

It is an online tailoring marketplace sourced by Burmese tailors who cannot afford to open their own shops. It also includes people who lack marketing knowledge or a large network to help them gain a better income stream.

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According to João Dutra (Kyaw Aung), Accelerator Director at Phandeeyar, this year’s diversity of sectors shows the transformation of tech startups in Myanmar. “Every year, there is a new generation of startups changing the way many economic sectors work in Myanmar. Many people are already using their services, and thousands of people in Myanmar and abroad will benefit from them as well,” he added.

The first batch ever of Phandeeyar Accelerator was launched in 2016. Since then, eleven tech startups have graduated and four of them have already received follow-on funding from local and international investors.

Most notable alumni are Chate Sat, Ezstay, GoP, MMTutors, NextCode, and Shwe Bite.
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Photo by Maria Bolgiani on Unsplash

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