No. Indicative action Expected outputs Priority level Potential support by: Related strategies MCF, DEA, ECAM, State and Local Councils Region and 5.1.3 3. Open the innovation Center in City and update the creative ability of the youths and universal students by celebrating the technology and innovation Competitions DER 6.2, Digital Innovation, 6.2.2 2. Open the incubation center acceleration center and innovation center for new technology MSDP Strategy 3.7 Encourage greater creativity and innovation which will contribute to the development of a modern economy 4.8 Access to finance and start up support Finance and start up support for e-commerce businesses is necessary for a number of reasons:  E-commerce attracts entrepreneurs who are likely to start with a business proposal but may lack the funds and expertise to turn the proposal into a business;  Existing wholesalers and retailers who wish to diversify into e-commerce may require finance but will often require expertise in developing an ecommerce business;  Tech companies may need finance to undertake the development of e-commerce applications. Such finance and support need to be aimed at tech companies and in addition at companies that use technology to carry out their business. Finance, particularly of e-commerce start-ups rather than tech companies, will need to meet the requirements of micro businesses as well as small and possibly medium sized businesses. Many micro businesses will have relatively modest funding requirements, and hence special funding mechanisms may be of benefit to such businesses. As a consequence, the strategy aims at achieving two complementary goals in this area which are related to the Myanmar Sustainable Development Plan. 48