New opportunities for Vietnamese technology startups
For the first time, a Vietnamese company has built a startup startup program that converges all three resources: technology, capital and market.
According to the Department of Market Development and Science and Technology Enterprises – Ministry of Science and Technology, in 2021 there will be more than 1.35 billion USD of investment capital coming to Vietnamese startups. The fields that attract large capital are: education, healthcare, financial technology, games, e-commerce… Vietnam has about 208 active venture capital funds, of which nearly 40 are domestic funds. . The startup community in Vietnam receives many support resources from the startup ecosystem such as capital, an open legal corridor, many incubators, and many experience-sharing communities.
However, for startups in the field of information technology, these resources are still not enough. “They need people who are directly involved in the product development process, like the right programmers, product designers or product managers, technology consultants… This shortage leads to The possibility of failure is high or the business will fall into a vicious circle, lacking breakthroughs when going to market,” shared Ms. Trang Bui, Startup Program Manager of Sun Asterisk.
Sun Asterisk is a technology company with nearly 1,000 engineers in Vietnam and Japan and is developing new technologies such as Web3, blockchain.
According to Ms. Trang, Vietnam still lacks a startup startup model with the full convergence of three resources: technology, capital and market. That’s why the company has built an “incubator” ecosystem, converging these resources to support information technology startups in Vietnam.
The model focuses on technology startups in the healthcare and education sectors, which are either in the pre-seed stage or already have a product but need to continue to grow. A special feature of this stage model is the commitment to product management support, technology advice, along with the guarantee of capital and market output from the program’s investors and partners.
Each selected startup will receive a minimum initial investment of $20,000-60,000 or unlimited from strategic investors within 1.5-2 months. In addition, startups also receive other support in terms of technology platforms, recruitment, legal advice, training…
Ms. Trang Bui said: “After three years of testing, this model is ready to be replicated and accelerated in the period 2022-2025 to be able to launch more startups. This is also an effective incubator to help startups. startups overcome the early stages of immature life to thrive.”
Khuong Nha
at Blogtuan.info – Source: vnexpress.net – Read the original article here
