Programs including Khmer Enterprise and the Startup Cambodia National Program have emerged to help startups in areas such as digital platforms, seed funding, and research, the report said.
It added that these efforts are supported by policies such as the Cambodia Digital Economy and Society Policy Framework.
"The government of Cambodia clearly recognizes the importance of tech startups in the growth and development of the country," said ADB Economist Paul Vandenberg, one of the report's lead authors.
"To facilitate this, the government has put in place key mechanisms and policies to support entrepreneurs," he added.
As most countries, fintech and e-commerce dominate the tech startup landscape in Cambodia, as opposed to startups focused on education (edtech), health (healthtech), agriculture (agritech), and the environment (greentech), all of which are considered to have high development impact, the report said.
Determining the number of startups active in the country is difficult because the market is fluid with new ventures arising regularly and existing ones failing or becoming dormant, it said.
At the end of 2021, there were 90 startups registered with the Startup Cambodia National Program, while one major incubator noted 150 active members, the report said.
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