An AI-based coffee maker at the event (Photo: VNA)

HCM City (VNA) – The “AIoT & Smart Cities 2019” competition kicked off in Ho Chi Minh City on May 7, which enables firms to make orders for their solutions and applications in the contest.

The competition, organised by the Quang Trung Software Business Incubator, is designed to create a network for students and businesses across the nation to share trends in global science-technology, including artificial intelligence (AI) and Internet of Things (IoT).

It also provides updates to ready the start-up community ahead of the Fourth Industrial Revolution and seeks ideas to develop new products. Notably, it aims to address problems of respective businesses and organisations in accordance with their needs.

The contest will run until October, with total prize money worth more than 1.2 billion VND (51,560 USD).

The winning proposals will receive support for incubating between six months and two years and give them access to SpeedUp, a programme supporting start-ups and innovation initiated by the HCM City’s Department of Science and Technology.

Deputy Director of the municipal Information and Communication Department Le Quoc Cuong said that HCM City has devised a project on AI research and application for the 2019-2025 period to foster its development.

He added that the competition will be a playground for AI and IoT experts by connecting firms with educational establishments in the field, voicing his hope that solutions and applications at the contest will contribute to the city’s AI project. –VNA