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Startup investment program to be on air next month

Chi Thinh
Thursday,  Oct 19,2017,23:14 (GMT+7)
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Startup investment program to be on air next month

Chi Thinh

HCMC - Shark Tank Vietnam, a reality television show designed to help startups call for funds from brilliant but tough investors, will be put on air in November.

Up to 100 startup companies having passed the first round will participate in the program which will be aired on VTV3 channel every Saturday from November 4 to February 17 next year.

The program is aimed at connecting investors and startup companies in Vietnam. Contestants will have to present their projects to “shark” investors who will then decide whether to invest in these projects or not.

The program organizers on October 18 announced investors taking part in the program, including Sunhouse Group chairman Nguyen Xuan Phu, SAM Holdings general director Tran Anh Vuong, VinaCapital director Thai Van Linh, and CEN Group vice chairman Pham Thanh Hung.

In addition, other enterprises and startup incubation centers will join the show as guests.

According to the organizers, it is tough to persuade investors to participate in the program as they find it hard to make immediate decisions whether to invest in startup projects on television.

Pham Thanh Hung, vice chairman of CEN Group, said his group prefers innovative business models, so startup companies should create new business initiatives to attract investors.

Shark Tank owned by Sony Pictures Television has two famous versions of Shark Tank and Dragons’ Den. The program originating in Japan in 2001 has been present in 35 countries worldwide.

The program in Vietnam will be jointly held by TV Hub Entertainment and Media Group, and Capella Vietnam JSC.

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