The Enhancing Entrepreneurial Ecosystem and Investments (3Ei) is a five-year initiative (2023 – 2027) implemented by Khmer Enterprise and Swisscontact and co-financed by the Swiss Agency for Development and Cooperation (SDC), the Korea International Cooperation Agency (KOICA) and Ministry of Economy and Finance (Khmer Enterprise). The initiative works closely with the entrepreneurial ecosystem actors in Cambodia to strengthen Cambodia's socio-economic development. The overall goal of the 3Ei is for the private sector to actively contribute to the Cambodia's socio-economic development and attaining the goals of the SDGs.
The approach of the 3EI project sets up the four intervention areas in a way that the first three help to blend finance for the impact investors and help decrease the capital. This should then see an increase in investments in impact start-up and growth enterprises.
Under this Intervention Area, the 3EI initiative aims to collaborate with the Entrepreneurs In Residence (EIRs) from the Swiss EP program and bring the EIRs to Cambodia as per the demand of the Ecoystem Support Organisations (ESOs). The initiative will also help ESOs for applying a gender lens to their organization, program, and ecosystem through the Gender Lens Incubation and Acceleration (GLIA) toolkit and “Promote Cambodia Gender Smart Entrepreneurial and Investment Ecosystem”.
Under this Intervention Area, the 3Ei initiative aims to address the financial and non-financial barriers faced by early and growth enterprises and start-ups through the Cambodia Blended Finance Service Facility.
Under this Intervention Area, the 3Ei initiative aims to track start-up performance as well as identify gaps and opportunities to improve supporting structure. It urges an urgent need to track start-up benchmark index to allocate resources (funding programs) in the right direction. Additionally, the initiative will also develop an investment index to reduce perceived risk of Cambodia market and potentially attract new investors. Furthermore, the SNA report conducted by Impact Hub Phnom Penh and Swisscontact in 2019, recommended a detailed, regular update of data on a periodic basis. Under the 3EI initiative, the sample size of the study will be expanded to generate a picture over time of how the ecosystem is evolving.
The achievement of this overall goal will be driven by two outcomes.