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Myanmar business model contest winners to enter Mekong Business Challenges 2014

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Organizers, training providers and participants of Myanmar business model contest in group photo.—Photo: Khaing Thanda Lwin

Two Myanmar teams have been selected to enter the Mekong Business Challenges 2014, which will be held in Hanoi of Vietnam on 15 March 2015, sources said.
The two business teams emerged victorious at the professional level of the 4th Myanmar Business Model Contest 2014 on Saturday, with organizers saying that they will have to compete with smart teams from Cambodia, Loas, Thailand, Vietnam and Yunnan Province of China.
Wah Wah Aye Khine and Yu Mon Kham, the first winners of the contest, said that they hope to hold the championship in the Mekong Business Challenges with their business model entitled “Effective and Inexpensive Water Filter”.
They said their device is intended for people especially in developing countries and it needs no electricity and can be easily used for getting safe drinking water.
Table Top Grocers, the second winning team, won the contest with their business plan entitled “Starting up a Door-to-Door Grocery Delivery Business”, said it took them three months to work on the plan, expressing their gratitude to their training providers for their suggestions.
The Myanmar business model contest was jointly organized by the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) and the Cross-Border International Education Support Foundation (CIESF) of Japan with the aim of inspiring and establishing the new generation of Myanmar entrepreneurs.
At the award ceremony on Saturday, Dr Myo Thet, a vice-president of the UMFCCI and Mr Ken Matsumura, a country representative of the CIESF, presented prizes to the six winning teams at both amateur and professional levels. The first-prize winning team at the professional level received US$3,000 and the second-prize winning team, US$1,000.
The Japanese foundation has pledged business links between Japanese entrepreneurs and participants with the best business models at the challenge.–GNLM

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