Pulling back the curtains on the Myanmar’s startup scene, Heang Chhor, founder and managing partner of Qualgro ASEAN Fund highlighted tourism, online travel, healthcare, financial services and education as prime opportunities in the emerging market during the Echelon Thailand 2015 conference.

Chhor, previously a senior partner at McKinsey & Company, whose study back in June 2013 reported on the landscape of Myanmar, notes the country has gone through massive transitions in all aspects from political and economic to social standpoints.

With good management, the country promises to see its GDP quadruple by 2030, 10 million more jobs in the non-agricultural sector, and a middle-consumer class comprised of at least 20 million.

“Those people will need daily consumer goods, they will need to travel, they will need financial services,” Chorr predicted. The McKinsey study anticipates Burmese people will spend US$100 billion by 2030, with sectors like travel, financial services, and consumers expected to grow 20% per year.

For Myanmar, Chorr assessed the biggest challenge as a lack of infrastructure. “Entrepreneurs getting into Myanmar will have to be agile. Marketplaces in Myanmar need a bit of creativity in terms of physical delivery and payment systems.”

He cited the price of a SIM card which has come down from US$300 four to five years ago to US$20-30 mere three years ago and to only US$1.50 today as evidence of Myanmar’s ability to “leapfrog” its development due to available technologies.

Read the full story here.