Frequently Asked Questions

1What is BIO Program?
ANSWERS:

BIO Program is initiated by Cambodia Investor Club Association and consists of two different programs – BIO Program (SME) and BIO Program (Investor). BIO Program (SME) is a new business accelerator program in Cambodia created with an aim to catapult the business to next level by giving them access to capacity development program, mentorship, consultation and an opportunity to get investment funds that help them become stable and self-sufficient businesses. Program (Investor) is created to train future investors by equipping them with the investment knowledge and how to invest in businesses.

2Is it okay to register for both programs (BIO SME & BIO Investor)?
ANSWERS:

First, you should choose a program that fits you the most. Then, you register for modules of another program that you wish to study. (Ex: you register for BIO SMEs, but you want to study 03 modules of BIO Investor – then, you just need to pay per module of BIO Investor).

3How long does BIO Program take? When will it start?
ANSWERS:

The program takes approximately 06 months, and it starts on July 20, 2019.

4What I need to do if I want to join BIO Program?
ANSWERS:

First, you need to select a program that fits you, and register by filling an application form (Find the form in the REQUIREMENT SESSION). After that, submit your completed application form attached with the required documents. Then, the BIO Program team will contact you for assessment and interview.

5Regarding capacity development session (training session), which date does it normally happen?
ANSWERS:

Most of the training sessions will be held on Saturday (Max. it is organized twice per month).

6What would I do if I cannot join in a training session (module)?
ANSWERS:

You can send a representative by noticing to BIO Program team, and make sure that the one you send she/he can understand the module. However, we do not encourage you to miss many modules.

7I am not a member of Cambodia Investor Club Association (CiC); can I join BIO Program?
ANSWERS:

BIO Program is run by Cambodia Investor Club Association. By joining BIO Program, you will become an Associate Member of Cambodia Investor Club Association automatically. This program is open to public. If you meet the requirement, you are welcome to join the program.

8What are the differences between ‘Qualified Member’ and ‘Associate Member’?
ANSWERS:

Qualified members are shareholder of Cambodia Investor Club Association. Associate members will be titled when they register for BIO Program.

9What is the fee of BIO Program?
ANSWERS:

The fee of BIO Program is 750 USD (500 USD for program fee & 250 USD for membership fee). The program lasts for 06 months, but you still associate with CiC for a whole year. Note: If you are not a member of CiC, you need pay all 750 USD (unless you are qualified member of CiC, you need pay only 500 USD for the program.)

10Will I receive funding after I join BIO Program?
ANSWERS:

We do not guarantee that you will definitely receive funding upon the program; it depends on your business model, your product or service, your team and whether the investors are interested in your business or not. And, CiC will reserve a fund of USD 500,000 to invest in potential business in this program as well.

11Will all participants receive the mentoring service?
ANSWERS:

Approximately 15 companies will be selected to get through the mentoring session if she/he follows the terms and conditions of mentorship.

12How many hours or sessions can a participant meet mentor?
ANSWERS:

We will provide 06 hours (03 sessions) mentoring service to a participant (approx. 2 hours for one session).