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Aun Pornmonirath, Deputy Prime Minister and Minister of Economy and Finance of , announced that the country is going to set up a at leading university the Royal University of Phnom Penh (RUPP), Khmer Times reported.

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With the goal to help boost the country’s digital economy, the facility will teach skills and entrepreneurship as well provide support for small- and medium-sized enterprises (SMEs).

Pornmonirath also described the facility as “a space” for students to gather and work on their tech projects.

Confirming the announcement, RUPP board of trustees chairman Mey Klayan said that that more details about it are going to be revealed in November.

“I don’t have much information about it yet. We will know more in November, when one of the board members involved in the project will give us further details,” he said.

Also Read: Cambodia’s IG Tech forms insurtech JV with Malaysia’s Aetins

RUPP itself has recently established a team in cooperation with the Cambodia Development Resource Institute (CDRI), the Ministry of Economy and Finance, and the United Nations Development Programme (UNDP) to study the impact of the “fourth industrial revolution” to the country’s economy, as well as ways to adapt to it.

Cambodia is home to a blossoming startup ecosystem in Southeast Asia.

The country has recently seen promising developments such as the establishment of new fintech association and the of Cambodia-focussed venture capital firms such as OOCTANE.

It is also home to startups with global presence such as Aniwaa; the country’s local investors such as Daun Penh Investment has also invested in startups in other markets.

Image Credit: Humphrey Muleba on Unsplash

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