Project Description

The Business Incubation and Capacity Development Program under the Sustainable Coastal and Marine Fisheries (SCMF) Project aims to empower ventures encompassing marine enterprises, marine-related enterprises (including start-ups from CFis, their members, groups of CFis, or joint venture programs between CFis and private enterprises), and non-fed mariculture businesses (such as the mussel industry, blood cockle industry, and post-harvest enterprises within marine subproject value chains). These businesses are supported by output 1.2 under the SCMF in the following locations: (i) Kampot, (ii) Kep, (iii) Preah Sihanouk, and (iv) Koh Kong. Implemented for 30 months, the program comprises three main activities, including:

1. The Business Incubation Training program aims to support selected ventures by enhancing their capabilities in business planning, networking, operational and growth strategies, market testing and evaluation, risk management and mitigation, and identifying market opportunities stemming from ESG principles, including climate resilience and sustainability in business marketing and growth.
2. The Enterprise Engagement and Business Formation program assists selected ventures in their transformation into formal enterprises. This will be achieved through the provision of (i) enterprise structure diagnostics, (ii) consultation on incremental investment for upscaling or product value adding, (iii) consultation on market linkage, and (iv) consultation on business registration and enterprise formation.
3. The Feasibility Study of Marine Business seeks to evaluate the proposed investments required for business upgrades and ascertain their eligibility for support through seed grants under the Marine Business Incubation Program. Additionally, these feasibility studies will focus on post-harvest enterprises to identify investment necessities for modernizing operations and ensuring compliance with safety standards.