A few years ago, mobile penetration was still hovering at single digits in Myanmar. Today, more than 80 per cent of the population is digitally connected through smartphones, according to Hootsuite. Investors are taking note.
At the country’s first Demo Day, hosted by accelerator Phandeeyar in Yangon recently, more than 200 people including foreign VCs showed up to hear start-ups giving their pitches.
The presentations, the culmination of a rigorous six-month training programme aimed at helping young entrepreneurs, materialise their ideas.