Wing Bank and Techo Startup Center Unveil Tech Startup Award Winners
Wing Bank (Cambodia) Plc and Techo Startup Center have officially announced the winners of their prestigious Reverse Innovation Program Cohort 4, celebrating five outstanding teams whose startups are tackling real community challenges through technology.
Celebrating Cambodia's Next Wave of Innovators
Techo Startup Center has successfully concluded its Reverse Innovation Program Cohort 4, recognising five standout teams for their innovative startup solutions aimed at addressing community pain points identified by stakeholders such as corporate companies and associations.
"Reverse Innovation thrives on strong partnerships. Wing Bank's unwavering support enables us to provide startups with the resources and opportunities they need to drive innovation and deliver a meaningful impact. We are proud to see the progress and achievements of this cohort, which highlights the growth of Cambodia's startup ecosystem."
— H.E. Dr. Taing Nguonly, Executive Director of Techo Startup Center
What is Reverse Innovation?
Reverse Innovation Cohort 4 is an accelerator program primarily focused on FinTech. It invites corporates and industrial leaders to share their real-world challenges with startups, who then develop products or services to solve them.
Bunthe Hor, Deputy CEO of Wing Bank, underscored the broader mission:
"Some corporate companies also start their journey from startups. Supporting Reverse Innovation is a means to cultivate more startups in Cambodia with the potential to grow into corporations in the future, using their expertise to address community challenges and create more job opportunities."
The Winners
This year, 20 startups competed in the intensive accelerator program. Five emerged as standout winners, sharing a total prize pool of 128 million Riel in equity-free investment at the final Demo Day:
| Team | Award | Prize |
|---|---|---|
| MyLekha | Top Performer | 40 million Riel |
| Krubkrong | Special Mention | 28 million Riel |
| Snaprec | Top Finalist | 20 million Riel |
| Jaytech | Top Finalist | 20 million Riel |
| Quanta | Top Finalist | 20 million Riel |
- MyLekha won top place for its scalable tools designed to streamline financial management for SMEs.
- Krubkrong was recognised for its inventory management system for small businesses with ready-to-use storefronts.
- Snaprec, Jaytech, and Quanta showcased innovative solutions in AI-powered bookkeeping, personal finance management, and financial connectivity platforms respectively.
Wing Bank's Role
Wing Bank's involvement extended far beyond financial sponsorship. The bank actively participated as a judge during the winner selection process, further solidifying its commitment to fostering innovation and entrepreneurship within Cambodia.
Wing Bank has been a steadfast partner to Techo Startup Center across multiple programs, including:
- Reverse Innovation Program — Cohort 1 through Cohort 4
- Digital SME Accelerator (2021)
- Digital Platform Accelerator (2022 & 2023)
- Turing Hackathon Cycle 6
- Startup Ecosystem Trip to Vietnam (2024)
Since the Reverse Innovation Program's launch in 2021 — organised by the Ministry of Economy and Finance and Techo Startup Center in collaboration with Khmer Enterprise, the Ministry of Industry, Science, Technology & Innovation, and the Association of Banks in Cambodia — it has consistently served as a catalyst for grassroots tech innovation across the Kingdom.
Source: Khmer Times