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Phandeeyar
Phandeeyar ( my, ဖန်တီးရာ; ) was a technology seed accelerator based in Yangon, Myanmar. Formally beginning in 2015, Phandeeyar provides funding and training for emerging startups. Phandeeyar also conducts trainings, hosts workshops, and holds competitions for startups within the digital sector. Background In 2014, Phandeeyar emerged from a hackathon named "Code for Change Myanmar", where its founder and current CEO, David Madden, wanted to promote the growth of Myanmar's digital sector. Through this hackathon, politics and elections were addressed. Madden states the need for better financial support for emerging start-ups in Myanmar, which also led to the creation of the accelerator. Funding Phandeeyar's sponsors and investors include the Omidyar Network which has donated 2 million US dollars to the company, the United States Institute of Peace, and the Schmidt Family Foundation. Mission David Madden states that Phandeeyar's objective is to conne ...
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David Madden (entrepreneur)
David Madden is an Australian entrepreneur associated with progressive causes. He is a co-founder of GetUp! a web-based political movement, and Avaaz, a global advocacy movement. He is passionate about rock climbing. In 2015, Madden founded Phandeeyar, a technology seed accelerator based in Yangon, Myanmar. Early life and education Madden grew up in Canberra and served as an Army officer before studying Arts and Law at the University of New South Wales in Sydney. David excelled in the law of the sea. Madden served as president of the University of New South Wales Student Guild. After winning the University Medal in History, Madden was awarded Fulbright and Frank Knox scholarships to study at Harvard Kennedy School at Harvard University, where he completed his master's degree in public policy. He met Jeremy Heimans, with whom he later co-founded GetUp and Avaaz, waiting for a scholarship interview panel while studying at Harvard. Madden and Heimans became involved in t ...
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Schmidt Family Foundation
The Schmidt Family Foundation is a private foundation created in 2006 by Eric Schmidt, the Executive Chairman of Google, and his wife Wendy Schmidt, to address issues pertaining to sustainability and the responsible use of natural resources. History and assets The foundation was established in 2006 by Eric and Wendy Schmidt, with assets valued at over $1 billion, which included $307 million in Google Class A stock. Focus area The foundation is focused on the application of new knowledge and innovation and advancement original research in science, energy, and biosphere sustainability, often in collaboration with other organizations. Its initial specific focus areas are environmental preservation and education. Programs and grants Since 2006, the Foundation has made grants to organizations, including the Energy Foundation, the California Academy of Sciences, the Regeneration Project, the Columbia Center for Children’s Environmental Health, Green for All, ''Grist'' ...
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Startup Accelerators
A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to become registered, startups refer to new businesses that intend to grow large beyond the solo founder. At the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to be successful and influential.Erin Griffith (2014)Why startups fail, according to their founders Fortune.com, 25 September 2014; accessed 27 October 2017 Actions Startups typically begin by a founder (solo-founder) or co-founders who have a way to solve a problem. The founder of a startup will begin market validation by problem interview, solution interview, and building a minimum viable product (MVP), i.e. a prototype, to develop and validate their business models. The startup process can take a long period of time (b ...
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