Seeking promising start-ups

Local recycling company RecyGlo last week emerged as the winner of the Seedstars world competition in Yangon. The start-up beat nine other local entrepreneurs to represent Myanmar at the Asia Seedstars Summit, making it eligible for US$500,000 (K767 million) in equity investments if it wins the final competition in Switzerland next April.

RecyGlo’s aim of helping Myanmar businesses and households tackle waste management, with the aim of achieving zero waste and a zero carbon footprint, led the jury to believe it had the most potential for growth in the country, Seedstars told The Myanmar Times.

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