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VIISA launches second portfolio of startups

Duc Tam
Saturday,  Aug 12,2017,00:13 (GMT+7)
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VIISA launches second portfolio of startups

Duc Tam

Representatives of the startups which are admitted to the second batch of the Vietnam Innovative Startup Accelerator ​ (VIISA) pose for a group photo - PHOTO: VIISA

HCMC – The ​Vietnam Innovative Startup Accelerator ​ (VIISA) has continued its investment into Vietnam with12 startups admitted to the second batch of its accelerator program since Thursday.

The program’s director, Adrian Tan, told the Daily that in addition to Vietnamese startups, there are two from South Korea, one from Indonesia, and one from Ukraine.

Vietnamese enterprises have a chance to draw on the expertise of their foreign counterparts, and develop working relationships with them, he added.

VIISA invests US$15,000 in cash and US$15,000 worth of training, technical resources, office accommodation and access to more than 100 world-class mentors and investors. Promising teams will also get up to US$200,000 in follow-on funding.

The first batch of the program attracted the participation of eight Vietnamese startups in January. Meanwhile, the second batch started in April and got more than 160 applications from over 28 countries. The chosen startups are from diverse industries, ranging from media, artificial intelligence, agritech, edtech, on-demand platforms and sharing economy.

VIISA is a partnership between Dragon Capital, FPT Corporation and Hanwha Investment.

In related news, Start Jerusalem, a global competition organized by the Ministry of Foreign Affairs and the Jerusalem Development Authority, will bring together startups from various countries to compete for the opportunity to take part in a five-day innovation experience in Jerusalem, Israel, one of the world’s leading tech ecosystems.

This is a unique opportunity for entrepreneurs to connect and benefit from interactions with prominent local tech leaders from around the world, interactive fireside chats and panels, specially designed how-to workshops, site visits to some cutting edge technology companies, and exclusive networking meet-ups with the city’s startup community.

Following the success of Startup Israel in previous years, this year the Embassy of Israel in Vietnam, in collaboration with the National Agency for Technology Entrepreneurship and Commercialization Development under the Ministry of Science and Technology and Business Studies and Assistance Center will organize the startup competition to find who will win the ticket to Start Jerusalem 2017, which will take place in November.



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