Developing start-up ecosystem

Monday, 2019-09-23 11:20:01
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Delegates at the seminar (Photo:
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NDO - The National Start-up Support Centre (NSSC) in collaboration with Youth Magazine, under the Ho Chi Minh Communist Youth Union, organised a seminar in Hanoi on September 22 to discuss measures to connect investment in an innovative start-up ecosystem towards TECHFEST Vietnam 2019.

The seminar provided a good opportunity for a number of youth union members and young people to exchange with Vietnamese and foreign entrepreneurs and investors on the model for supporting the innovative start-up ecosystem, new trends in the fourth industrial revolution, technological platforms, and solutions for connecting investment and capital raising.

At the seminar, the Organising Board also launched the contest on start-up and creative applications in the 4.0 ecosystem. On this occasion, the signing of a cooperation agreement between the NSSC and Youth Magazine also took place in an effort to form a network of creative national start-up funds.

According to the Vietnam Tech Investment Report released recently by Singapore-based venture capital firm Cento Ventures and Vietnam’s early stage venture fund ESP Capital, Vietnam jumped from fifth to third in the list of most active start-up ecosystems in the six largest ASEAN economies in only two years.

The change was from the first half of 2017 to the corresponding period of 2019, with the country trailing only Indonesia and Singapore. The amount of invested capital and the number of technology deals done in the country have grown six-fold over the period.