Laos set to build up a startup community

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Laos Set To Build Up A Startup Community

Young startups and entrepreneurs in Lao are now being helped to utilise digital technologies to achieve their full potential in a new business center in Vientiane.

The center was set up by Tohlao, a startup consulting and co-working provider, in cooperation with Lao Telecom.

The two companies expect to see an increase in the use of information and communication technologies as a result of their efforts and believe that it is the innovation and creativity of young business people that can give the country’s economic development a boost.

“This is a remarkable initiative that can be of great help to Lao startups. We are very excited that Lao Telecom, the largest telecommunication service provider in the country, has decided to step in as another key stakeholder,” the founder and CEO of Tohlao Group, Souphaphone Souannavong, said.

She said she believed the new partnership would help more startups “disrupt and rock” Lao society.

A senior executive at Lao Telecom, Piyawat Jriyasetapong, said he shared the vision of Tohlao to build a startup community in Laos.

As a start, Tohlao is running a competition called “Startup Weekend Vientiane Presented by Lao Telecom” to be held May 24-26. Then five teams will be selected to take part in Tohlao’s one-year startup incubation programme.

More than 700 entrants are expected for this year’s competition. Companies including BizGital, Muan.la, LOCA, and Book Delivery are all ideas born of this competition in previous years.

According to the Lao National Chamber of Commerce and Industry, small and medium enterprises (SME) account for 98 to 99 per cent of all businesses in Laos. The promotion of startups in Laos is an essential factor in SME promotion and will help incorporate mainstream digital technologies into everyday business operations.

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Young startups and entrepreneurs in Lao are now being helped to utilise digital technologies to achieve their full potential in a new business center in Vientiane. The center was set up by Tohlao, a startup consulting and co-working provider, in cooperation with Lao Telecom. The two companies expect to see an increase in the use of information and communication technologies as a result of their efforts and believe that it is the innovation and creativity of young business people that can give the country’s economic development a boost. “This is a remarkable initiative that can be of great help to...

Reading Time: 1 minute

Laos Set To Build Up A Startup Community

Young startups and entrepreneurs in Lao are now being helped to utilise digital technologies to achieve their full potential in a new business center in Vientiane.

The center was set up by Tohlao, a startup consulting and co-working provider, in cooperation with Lao Telecom.

The two companies expect to see an increase in the use of information and communication technologies as a result of their efforts and believe that it is the innovation and creativity of young business people that can give the country’s economic development a boost.

“This is a remarkable initiative that can be of great help to Lao startups. We are very excited that Lao Telecom, the largest telecommunication service provider in the country, has decided to step in as another key stakeholder,” the founder and CEO of Tohlao Group, Souphaphone Souannavong, said.

She said she believed the new partnership would help more startups “disrupt and rock” Lao society.

A senior executive at Lao Telecom, Piyawat Jriyasetapong, said he shared the vision of Tohlao to build a startup community in Laos.

As a start, Tohlao is running a competition called “Startup Weekend Vientiane Presented by Lao Telecom” to be held May 24-26. Then five teams will be selected to take part in Tohlao’s one-year startup incubation programme.

More than 700 entrants are expected for this year’s competition. Companies including BizGital, Muan.la, LOCA, and Book Delivery are all ideas born of this competition in previous years.

According to the Lao National Chamber of Commerce and Industry, small and medium enterprises (SME) account for 98 to 99 per cent of all businesses in Laos. The promotion of startups in Laos is an essential factor in SME promotion and will help incorporate mainstream digital technologies into everyday business operations.

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