The local winners of the SeedStars World Competition (SSW) 2020 have been announced. From over 5,000 applicants, 94 (15 from Asia) tech startups from emerging markets were selected to advance to the regional stage of the competition.
Cambodian tech startup, PlasGate, has been selected as one of the participants. PlasGate is an enterprise communications solution company and currently Cambodia’s largest SMS gateway authorized by Smart, Cellcard, Metfone, SeaTel, qb and CooTel.
PlasGate’s Vision and Mission is to enable a legitimate direct connection and a single access point by providing innovative, reliable, affordable enterprise communications services with local touch and support.
The start-up is set to move to the next round of the competition where it has the chance to represent Cambodia in the regionals and possibly Asia at the Global Finals for a chance to win.
The start-up will now represent Cambodia in the regional finals. In Case PlasGate wins, the enterprise would then represent Asia in Global finals, where it would compete for $500,000 in equity funding, which they would use to develop technology and resources to expand their service to a global scale.
The regional stage of the competition will include a 1 month long Investment Readiness Program, a modernized and personalized program helping startups get investment ready. It will consist of action-driven webinars on key business metrics, online office hours, where startups can discuss challenges they are facing; domain groups and 1-on-1 mentoring sessions, investor meetings for potential funding opportunities, and peer-to-peer learning and networking sessions.
There will be online episodes available for the regional stage of the competition which will be aired at the end of January 2021. Viewers will get to see each local winner pitch in front of the juries and learn more about each of the teams’ startup stories. At the end of each episode, the regional winners moving on to the Global Finale in March 2021 will be announced.
SeedStars, a Swiss-based private company with a mission to impact people’s lives in emerging markets, annually holds the SeedStars World Competition to continuously scout for the most promising startups around the Asia, Africa, CEE, MENA, and LATAM regions.