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VIISA urges startups to join accelerator training program
By Van Ly
Saturday,  Jul 7, 2018,14:10 (GMT+7)

VIISA urges startups to join accelerator training program

By Van Ly

The Third Investment Day of VIISA took place in HCMC on July 6. Accelerator and seed-stage fund VIISA is calling for startups to sign up for its fourth accelerator training program - PHOTO: VAN LY

HCMC – The accelerator and seed-stage fund, Vietnam Innovative Startup Accelerator (VIISA), is calling for startups to apply for its fourth accelerator training program on the website, starting July 6.

The fund was co-founded by the FPT Ventures, Dragon Capital, and Hanwha Investment and Securities.

Startups that have creative and attractive business ideas should sign up to join the program, which assists in their raising investment capital.

Upon the screening of shortlisted startups, the fourth accelerator training program is expected to kick off in the fourth quarter of this year.

More than 100 delegates, including investors, major companies and startups from Singapore, South Korea and the United States, attended the Third Investment Day of VIISA in HCMC on July 6.

The event was aimed at creating a place for startups to exchange ideas with each other, as well as seek funds from potential investors.

During the event, the three startups considered most excellent in the third accelerator training program, and which are active in smart agriculture, digitalization and software services, delivered presentations about their products and business strategies to call for investment capital. These startups sought to receive up to US$200,000 in the next investment round.

In the third program, each startup received US$15,000 in cash from VIISA, as well as training in how to make financial plans, seek investment funds, as well as reach and surpass growth milestones.

VIISA also assisted startups in directly connecting with investors and experts at home and abroad in various fields. The Third Investment Day was an opportunity for such startups to demonstrate their trained skills and seek funds.

Truong Cong Hieu, general director of digital gifting company UrBox, said he learned a lot from VIISA, including how to apply innovative methods and thinking; determining who are the right customers; and identifying and tracking measurement indicators, in line with his business model at his company.

The most important thing during the gathering, according to Hieu, is to make a convincing, coherent fund-seeking presentation about each companies’ business story.

Since its debut early last year, VIISA has received requests for funding from more than 400 startups. It has also organized three accelerator training programs and graduated 22 startups, said VIISA chairman Le Hoang Anh.

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