Vietnam lacking good startup ecosystem to attract capitalBy Thuy Dung Minh Quyen (R), founder of Startup Talk Café100% English, shakes hand with his investor in a TV show program called Shark Tank, which is designed for young startups calling capital. Vietnam is lacking good startup ecosystem to attract capital - PHOTO: SHARK TANK HANOI - Though Vietnam is considered to offer a strong potential for investments in startups, domestic investors are inexperienced in startup evaluation and foreign investors are discouraged by the complex legal environment, according to an expert. On the sidelines of an August 24 workshop on financial support for startups, Jouko Ahvenainen, founder and executive chairman of Grow Vc Group, said that one of the problems concerning the attraction of capital for Vietnamese startups is that domestic investors have money, but are not experienced enough to identify good startups, to understand how they are operating and how to assist these businesses. … [Read more...] about Vietnam lacking good startup ecosystem to attract capital
Startup
Vietnam Startup Day 2018 opens in HCM City
The event, co-organised by the Business Start-up Support Centre (BSSC) and the HCM City Young Businesspeople Association, was also attended by investors, investment funds, entrepreneurs, and other stakeholders This year’s event featured a range of diverse activities including a presentation on support policies for start-ups, an exhibition of innovative products, and seminars on seeking primary funding, connecting business partners and human resources for start-ups. The CEO of BSSC, Truong Ly Hoang Phi, said one of the most anticipated events of the year was the Vietnam Startup Wheel 2018 Contest, which has been annually held for the past six years, and is open to start-ups which have been in business for fewer than five years. The highlight of the Vietnam Startup Wheel 2018 competition is that there is no age limit for contestants and it is open to scientific researchers who have commercialized products to create a ‘revolution’ in their particular … [Read more...] about Vietnam Startup Day 2018 opens in HCM City
VN startup community, academia work on pollution
John Sechrest gave participants tips on forming high-performance teams. — VNS Photo Khoa Thư Viet Nam News HÀ NỘI — Researchers and entrepreneurs were matched in the ‘Việt Nam Challenge for Our Environment’ launched Friday by the US Embassy in Hà Nội to devise innovative solutions for addressing environmental issues. A collaboration between Hatch! Venture and the Swiss Entrepreneurship Program, the competition aims to seek and nurture practical ideas to address existing waste and pollution problems in Việt Nam. The competition is a part of the US Embassy’s campaign to end plastic pollution started last April. By connecting researchers and entrepreneurs, it aims to accelerate collaboration among universities, the startup community and the private sector to generate pragmatic and sustainable solutions. “In terms of environmental protection, we need to change people’s behaviours and utilise latest … [Read more...] about VN startup community, academia work on pollution
Over 200 startup models to participate in Startup Day 2018
This free event is jointly held by the Business Startup Support Center (BSSC), the HCMC Department of Science and Technology, and the HCMC Young Businesspeople Association. According to the organization board, there have been more than 200 startup models registering to display their products or marketing themselves in this upcoming event. ‘Startup Day 2018’ is expected to offer opportunities for over 60 startup projects to attract investment via presentation in front of CEOs of giant domestic as well as international enterprises. In the framework of the event, there will be the final round of the contest ‘Vietnam Startup Wheel 2018’. The 10 most excellent startup projects will compete for various prizes worth nearly VND2 billion (approx. $85,910). In addition, the trading and startup investment floor Startup Exchange is predicted to attract much attention from participants in this event. Forecasts reveal that the total … [Read more...] about Over 200 startup models to participate in Startup Day 2018
Can Tho promotes startup spirit among farmers
Technology application is needed in agricultural development. (Photo: anninhthudo.vn) Can Tho (VNA) – The implementation of “One Commune One Product” (OCOP) scheme is essential for the Mekong Delta city of Can Tho to promote startup spirit among local farmers, Vice Chairman of the municipal People’s Committee Truong Quang Hoai Nam. Nam made the statement while addressing the conference held in the city on August 22 to launch the OCOP scheme for 2018-2020, with orientation to 2030. He stressed the need for the engagement of scientists, who will join local authorities and relevant agencies’ efforts to carry out this scheme. Local authorities should issue legal regulations and policies regarding technical training, science and technology application, brand building, trade promotion, product advertising, and goods and services area planning, he said. According to Nguyen Ngoc He, Director of the municipal Department of Agriculture and Rural Development, … [Read more...] about Can Tho promotes startup spirit among farmers