■ Application

When, and where will the application form be available?

The application form will be available on Mid of December 2019 on CJAP’s website.

When can I apply?

Applications are plan to be open from 23st December 2019 to January 31 2020.

Is there any opening event for this program?

CJCC will hold CJAP opening event on January 18 2020 at Anchor Kizuna Hall.

What type of entrepreneurs are you looking for?

We are open to any type of entrepreneurs. Businesses after seed stage (including later, early, and expansion stage) can be considered ideal candidates.

Our group has two ideas. Can we submit two applications?

No, one team can only submit one business model.

■ First Selection

What is the selection process after submission of the application?

After the screening of the documentation, candidates selected on a long list will be interviewed by Judges. Based on the result of the interview, the program will inform you of your acceptance by the end of February 2020.

Who from the team should attend the short interview if selected after the document screening?

Although all members planning to attend the program are encouraged to attend the short presentation and interview, at least the team leader and core members are required to attend.

Who will be the judges for the first selection?

CJCC Management team, CIC, YEAC, CWEA, JICA consultant team and others.

Are there any standards for selection?

We will consider the level of clarity and understanding of your vision and mission for your business, the strength of team up, the feasibility of your business model and so on. It is required that entrepreneurs are able to start business within 6 months after taking business capacity development. Business schemes which have the potential to solve social and environmental challenges will be preferred for crowdfunding. Overall, we will focus more on the applicants (entrepreneurs) themselves, such as their capability, motivation, commitment, vision, personal story of their business and teamwork. We welcome team applications.

Are there conditions on age or nationality?

The applicant must be Cambodians over 18 year old, and be able to provide presentations in English.

■ Acceleration Phase

What will I do within the Acceleration Phase?

This part of the program consists of 1. monthly peer to peer mentoring, 2. intensive lectures, 3. pitching practice, and 4. experience sharing with Cambodian and Japanese business owners.

How many people can attend the Accelerator Program?
  1. Monthly peer to peer mentoring : Any number people can attend the meeting session
  2. Intensive lectures : Maximum three people from each company can attend the intensive lectures
  3. Pitching Practice : Maximum three people from each company can attend but one representative should deliver the presentation
  4. Experience sharing with Cambodian and Japanese business owners : Maximum three people from each company can attend the intensive lectures
Where will the intensive lectures, pitching practice and exchange with business owners be conducted?

It will be conducted at CJCC’s office but some sessions will be held at other sites.

Where will the peer to peer mentoring be conducted?

Peer to peer mentoring can be conducted anywhere, depending on the both mentor and your availabilities.

■ Second Selection

How does the second selection work?

You will deliver a presentation to judges to apply for the fundraising phase.

■ Fundraising Phase (Pitching Opportunities)

Who will be pitching?

The entrepreneurs selected in the second selection will have pitching opportunities with local business associations.

What exactly does pitching mean?

Pitching basically consist in delivering a business plan verbally. A pitch typically takes the form of an entrepreneur or group of entrepreneurs presenting or describing their ideas to prospective investors. Regardless of the means chosen to pitch (mainly elevator pitch, video pitch, and business pitch), the objective is usually the same; describing a business opportunity with the intention of securing funding to develop the idea further.

Are we guaranteed to receive money after this program?

The Fundraising Phase does not guarantee for entrepreneurs to receive funding. Pitching opportunities in Cambodia are only opportunities of fundraising. Entrepreneurs receive funding only when investors are willing to invest in their business.

■ General

How is the program different from other entrepreneur accelerators?

This program is very unique, as it aims to develop the business capacity of entrepreneurs in Cambodia, and it supports Cambodian entrepreneurs to get ready to raise funds by providing them the required knowledge, connecting them with mentors and giving them the actual opportunity to approach investors. Approximately 6 entrepreneurs can also visit Japan for fundraising and business matching.

How long does the program last?

This program will last 8 months, from December 2019 to July 2020.

Does CJCC invest in the entrepreneurs’ businesses?

CJCC does not invest or take any equity in the entrepreneurs’ businesses.

Where do I go if I have more questions?

Thank you for your interest. Kindly contact us at cjap@tohmatsu.co.jp and our team will get back to you shortly.

I am interested in being a mentor or coming in as a program partner. Who can I contact?

Thank you for your interest. Kindly contact us at cjap@tohmatsu.co.jp and our team will get back to you shortly.

What happens to intellectual property during the Accelerator Program?

Your ideas remain yours – they belong to you and your team. If there is a need to transfer or manage Intellectual Property to another stakeholder, this can be discussed with the CJAP team.

Will the participants’ ideas be protected?

The applicants’ wishes will be respected as much as possible. However, you should also be aware that there are many people who have similar ideas. Ideas that seems to be yours may already exist in other places in the world. Therefore, we will not conclude confidentiality agreements which would cover your ideas as confidential information. In this Accelerator Program, rather than putting an emphasis on the idea, we would like to value the actions you take to realize and leverage your idea into a successful business.