The Yangon Innovation Center (YIC) was officially launched on 17th July 2019 in the presence of several Union and Regional level government officials. YIC It is located at the corner of Pansodan road and Strand road in Seikkan Township, Yangon Region. State Counsellor Daw Aung San Suu Kyi delivered a speech at the ceremony. She inaugurated the Center by cutting a ceremonial ribbon. The State Counsellor said, “It is needed to support innovators as much as possible. I also hope the Yangon Innovation Center could help develop new innovations for the country steadfastly. The government will support with policies and arrangements as we cordially invite universities, research and innovation centers, partner-organizations, well-wishers and businesspersons at home and abroad to help in the creations of our young people”. The Yangon Innovation Center is an initiative by the Yangon Region Government to support the growth of the local startup and innovation ecosystem. Under YIC, the actual space is developed and run under the brand of Seedspace, which is part of 13 co-working spaces around the world. In Myanmar, Seedspace was developed and operated by a partnership between Seedstars and Thura Swiss, with CB Bank as the main powering and fintech partner.