2023

Angkor 500 Growth Program

ANGKOR 500 Growth Program is our first-ever market expansion program in Cambodia! This 10-week program is designed to prepare startups based in Cambodia to scale in Southeast Asia while de-risking market expansion through our guided programming and tailored mentorship.

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A program dedicated to market expansion

For startups ready to scale outside of Cambodia.

Market expansion is one of the growth strategies for a business to increase its market share and its revenue. ANGKOR 500 Growth Program helped assess whether a startup was ready to scale, identify which new markets in Southeast Asia that have the right potential and work closely with founders to develop a growth-focused strategy exclusively for their startup. Startups were able to work closely with 500 Global's experienced mentor experts and founders who addressed questions about scaling businesses, providing insights and guidance on how startups may approach regional market expansion in Southeast Asia. Here are a few questions the program addressed:

Is it possible to replicate my business model and sell our current products/services in the neighboring counties in Southeast Asia?
What kind of cultural nuances should I be aware of and how can I adapt my business to that specific market?
What are the disadvantages and how do I navigate risks such as budget, competition, regulation, etc. in a new market?

Supporting cambodian startups looking to scale internationally

The program focused on finding tech-focused or tech-enabled startups with sufficient traction within Cambodia, with the potential to address global markets. The program culminated in a demo day, where startups had the opportunity to present to a global audience of industry stakeholders, corporates, and partners.

Cross-border opportunities

Identify new business opportunities in other markets in Southeast Asia and design a tailored market expansion strategy specifically for your startup by running rapid experiments and working alongside 500 Global’s world-class experts.

Tailored mentorship

Receive 1:1 mentorship and guidance from experienced mentors who’ve helped accelerate startups around the world by providing actionable feedback on go-to-market strategies, sales and marketing, growth experiments, and more.

A global community

Connect with founders across various industries from all parts of the world to exchange ideas, share resources and experiences, and get direct feedback on your products and services. Learn from and grow with 500 Global’s founders with bright minds.

Program overview

This program targets startups in the following industries: Maritime, Industry 4.0, Energy, Seaport Operations, Logistics, Shipping, Drones, Procurement Technology, HR, and Cyber Security

Pre-requisites

Startup Criteria

We looked for startups that met the following criteria:

Seed or Post-Seed stage and Israel-based
Working with a ready MVP in the maritime technology space
Able to commit to PoC and the entire duration of the program

The program Fee for Phase 1 is $35,000 per startup, excluding travel expenses. This fee covers the comprehensive support, mentorship, and resources provided throughout Phase 1.

By completing Phase 1, startups is expected to gain valuable insights, refine their strategies, and make informed decisions for successful market expansion.

Step 1

Submit

Once applications open, we'll share the dates to submit your application as well as the deadline.

The program Fee for Phase 1 is $35,000 per startup, excluding travel expenses. This fee covers the comprehensive support, mentorship, and resources provided throughout Phase 1.

By completing Phase 1, startups is expected to gain valuable insights, refine their strategies, and make informed decisions for successful market expansion.

Step 2

Review

The 500 Global team reviews all applications carefully. We will reach out to schedule an interview if there is a potential fit. Shortlisted companies will also subsequently need to complete the tender process required by Ashdod Port prior to selection.

The program Fee for Phase 1 is $35,000 per startup, excluding travel expenses. This fee covers the comprehensive support, mentorship, and resources provided throughout Phase 1.

By completing Phase 1, startups is expected to gain valuable insights, refine their strategies, and make informed decisions for successful market expansion.

Step 3

Decision

We will respond with a decision prior to the program launch.

The program Fee for Phase 1 is $35,000 per startup, excluding travel expenses. This fee covers the comprehensive support, mentorship, and resources provided throughout Phase 1.

By completing Phase 1, startups is expected to gain valuable insights, refine their strategies, and make informed decisions for successful market expansion.

Disclaimer

THIS PROGRAM IS OPERATED BY 500 STARTUPS INCUBATOR, L.L.C (TOGETHER WITH ITS AFFILIATES, “500 GLOBAL”). ALL CONTENT PROVIDED IN THIS WEBPAGE IS PROVIDED FOR GENERAL INFORMATIONAL OR EDUCATIONAL PURPOSES ONLY. 500 GLOBAL MAKES NO REPRESENTATIONS AS TO THE ACCURACY OF INFORMATION CONTAINED IN THIS WEBPAGE. WHILE 500 GLOBAL HAS TAKEN REASONABLE STEPS TO ENSURE THAT THE INFORMATION CONTAINED IN THIS WEBPAGE IS ACCURATE AND UP-TO-DATE, NO LIABILITY CAN BE ACCEPTED FOR ANY ERROR OR OMISSIONS. NOTHING IN THE CONTENT DELIVERED THROUGH THIS PROGRAM SHALL CONSTITUTE OR IS INTENDED TO CONSTITUTE LEGAL, TAX OR INVESTMENT ADVICE BY 500 GLOBAL (INCLUDING INVESTMENT ADVICE AS DEFINED IN THE U.S. INVESTMENT ADVISERS ACT OF 1940). THIS WEBSITE IS UPDATED AS OF JULY 2022. THIS IS A NON-INVESTMENT PROGRAM, AND PARTICIPATION IN THE PROGRAM DOES NOT INCLUDE OR GUARANTEE AN INVESTMENT FROM 500 GLOBAL, OR ITS RESPECTIVE AFFILIATES. HOWEVER, PARTICIPATION IN THE PROGRAM DOES NOT PRECLUDE 500 GLOBAL AND ITS AFFILIATES FROM CONSIDERING FUTURE INVESTMENTS IN A PARTICIPATING COMPANY. ALL THIRD PARTY LINKS IN THIS PAGE HAVE NOT BEEN INDEPENDENTLY VERIFIED BY 500 GLOBAL AND THE INCLUSIONS OF SUCH LINKS SHOULD NOT BE INTERPRETED AS AN ENDORSEMENT OR CONFIRMATION OF THE CONTENT WITHIN.