Business

Competition for global Vietnamese startups launched

The 6th edition of VietChallenge, a competition for Vietnamese startups around the world, was launched in Hanoi on February 29.
Competition for global Vietnamese startups launched ảnh 1Leaders of the Hanoi HCYU Committee and the Hanoi chapter of the Vietnam Youth Federation launch the Youth Month 2020 on February 29. VietChallenge 2020 was also kicked off at this event (Photo: nhandan.vn)

Hanoi (VNA) – The 6th edition ofVietChallenge, a competition for Vietnamese startups around the world, waslaunched in Hanoi on February 29.

The competition is organised by the Hanoi committee ofthe Ho Chi Minh Communist Youth Union (HCYU), the Hanoi chapter of the Vietnam YouthFederation, the Association of Vietnamese Students and Professionals in the US,and the Office of Project 844 on supporting the national startup and innovationecosystem until 2025.

Secretary of the Hanoi HCYU committee NguyenNgoc Viet said since the first edition in 2015, VietChallenge has attracted 800startup projects from 21 countries. Its total prizes have amounted to 180,000 USD.

At the launching ceremony, the committee also introduced Jóng Ventures, a crowdfunding platform, to startupsand small- and medium-sized enterprises.

Several documents were also signed at the event, includingan MoU on supporting startups of young Hanoians among the municipal HCYU committee, the Office of Project 844, and the National Startup Support Centre, alongwith an investment contract for a crowdfunding platform between Jóng Venturesand HLH Holding Co. Ltd.

Organisers hope that this programme will prove usefulfor assisting young people to develop startups and connect with investors, thuscontributing to the startup and innovation ecosystem in Vietnam./.
VNA
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