Background

In the 21st century, digitalization has become an influential trend and driving force for regional and global economic growth.

For Cambodia, the digital transformation is about adopting/capturing and maximizing the benefits of advances in Information and Communication Technology (ICT) and digital technology to increase productivity and economic efficiency and boost the national economic growth. Hence, to develop Cambodia's economy, the Royal Government has introduced a series of inter-institutional policies and measures, including the Cambodian Industrial Development Policy 2015-2025, the small and medium enterprise development policy, measures on SME incentives, the launch of the online business registration platform, and support mechanisms in the form of funds and institutions, such as the Skills Development Fund, Entrepreneurship Development Fund, incubator center, and the SME Bank, aiming at providing skill, technical, and financial support to continue to promote the participation of enterprises and startups in the adoption and use of new digital technologies.

In 2018, the Korean International Cooperation Agency (KOICA) visited Cambodia for the purpose of working out the details of the project for the establishment of the National Incubation Center of Cambodia (NICC) to develop new Cambodian startups and economic growth acceleration.

National Incubation Center of Cambodia (NICC) aims to support Cambodian startups to help them to grow businesses. NICC is also one part to help the national economic growth and society.