Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodian duo’s Eco-Plastic takes second in Bhutan startup challenge

Cambodian duo’s Eco-Plastic takes second in Bhutan startup challenge

Teammates Sokhana Ly (centre-left) and Bunhourng Tan (centre-right), standing between their mentors, celebrate their second-place win at the Mekong Business Challenge in Bhutan on Saturday. Photo supplied
Teammates Sokhana Ly (centre-left) and Bunhourng Tan (centre-right), standing between their mentors, celebrate their second-place win at the Mekong Business Challenge in Bhutan on Saturday. Photo supplied

Cambodian duo’s Eco-Plastic takes second in Bhutan startup challenge

A pair of female Cambodian entrepreneurs placed second in a regional business competition on Saturday, beating out university teams from six countries with their startup idea – called Eco-Plastic – that could utilise Cambodia’s plastic waste to pave cheaper, more durable roads.

The Mekong Business Challenge (MBC), an annual competition that launched in Phnom Penh 12 years ago, welcomed 11 entrepreneurial teams from six nations at their contest held in Bhutan last week. The grand prize for the first-place team was a spot in the International Business Model Challenge competition in the US in May.

Stephen Paterson, co-founder and organiser of the MBC, said the contest’s judges – which included representatives from international companies including McKinsey & Company, Google and ManuLife – were impressed by the initiative taken by the Cambodian team in pursuing expansion options for their startup.

“Eco-Plastic came in second in the Cambodian competition [last month], but since [then] they have made so much progress,” Paterson said. “We want to emphasise methodology in our judging, and our criteria takes a look at the failures these teams have had to overcome to make their business models more realistic.”

Since taking home the silver medal, the Eco-Plastic team – female duo Bunhourng Tan and Sokanha Ly – have received funding from a US investor, travelled to China to tour plastic recycling facilities and met with the Ministry of Public Works and Transport to discuss implementing their idea.

“We had a great honour to meet the [Transport] Minister, His Excellency Sun Chanthol, who was very supportive of our idea,” said Sokhana. “We got permission to use the ministry’s laboratory to build and test our samples there, before we went to the MBC.”

“Plastic waste is a curse to the environment, to health and to the economy . . . and people face a high risk driving on roads in Cambodia, which are often poorly constructed and damaged by high traffic,” Sokhana said. “By establishing Eco-Plastic, we can use plastic waste to improve our roads, transforming landfill waste into a roadfill product.”

Teammate Tan said that the pair had learned a lot since first coming up with their idea at the end of 2016, having entered several different local startup competitions and coming away with different lessons each time.

“During the last year, we’ve been to many startup competitions . . . and throughout the programs, our team gained more hands-on experience,” she said. “It’s been quite a journey, of going up and down, of failing and of learning from mistakes, of listening and then adjusting to incorporate the feedback.”

Though a Bhutanese team took first place for their startup called Shogjur – which has already turned a profit from sales of recycled paper jewellery and souvenirs – the runner-up Cambodian team won a pair of laptops and has been encouraged to bring the Eco-Plastic business model to the US competition in May via another application process.

“The Eco-Plastic team will be applying for the open spot” in the US competition, Paterson said, adding he had “a very strong feeling they’ll get it”.

Cambodia’s win in a regional competition was a sign of the growing entrepreneurial scene in the Kingdom, according to Paterson, and was likely due in-part to the many local programs and competitions that cater to university students. The next step for the Kingdom’s startups would be to think bigger.

“There are businesses attracting small- to medium-size returns, but there’s still a lack of investable ideas,” he said. “There is still a lack of projects that can be scaled up to a larger level.”

MOST VIEWED

  • Bareknuckle champion wants Kun Khmer fighter

    Dave Leduc, who is the current openweight Lethwei boxing champion in Myanmar, has announced that he will travel to Cambodia this year to challenge SEA Games gold medallist Prum Samnang any time that is convenient, after their planned match later this month in Slovakia was

  • Struggling Battambang artist dreams of staging full-scale gallery exhibition

    Leav Kimchhoth, a 55-year-old artist from Battambang province, is a familiar face to locals and tourists alike on the streets of the riverside in Phnom Penh. The one-armed painter and illustrator often hawks his work near the night market on weekends and public holidays. He

  • Five-year-old Hanuman dances his way into hearts of Cambodia

    A young talent from a new-established settlement has emerged, captivating the online world with his mesmerising performances of the traditional Cambodian monkey dance. Roeun Kakada is a five-year-old prodigy who has taken the social media sphere by storm with his exceptional dance skills and dedication

  • Fresh Covid warnings as Thai hospital fills

    A senior health official reminds the public to remain vigilant, as neighbouring countries experience an increase in Covid-19 cases, with the latest surge appearing to be a result of the Omicron XBB.1.5 sub-variant. Or Vandine, secretary of state and spokeswoman for the Ministry of Health,

  • New Law on Taxation comes into effect

    Cambodia has enacted the eagerly-awaited new Law on Taxation, which aims to improve the national tax regime’s compliance with present and future international standards and economic conditions; encourage accountability, effectiveness and transparency in the collection process; and promote investment in the Kingdom. King Norodom

  • PM warns of int’l election interference

    With the national election scheduled to take place in less than two months, Prime Minister Hun Sen has warned foreign nations and their diplomats not to interfere into Cambodia’s domestic affairs. He also hinted that their statements on court verdicts handed down to any