Sci-Tech

IoT startup competition launched in HCM City

The IoT Startup 2019 competition was launched at the Sai Gon Hi-Tech Park (SHTP) in Ho Chi Minh City on June 16, with competitors to be asked to deal with challenges facing many major technology firms.
IoT startup competition launched in HCM City ảnh 1Illustrative image (Source: Internet)


HCM City (VNA) – The IoT Startup 2019competition was launched at the Sai Gon Hi-Tech Park (SHTP) in Ho Chi Minh Cityon June 16, with competitors to be asked to deal with challenges facing manymajor technology firms.

The competition is organized withthe aim of encouraging the spirit of startup and innovation in the field ofInternet of Thing (IoT) among young people and the startup community in Vietnam,and at the same time support the incubation of IoT firms.

Through thecompetition, young intellectual people and startup community can get access totechnological development trend and the market’s real demand from technologydeveloper as well local and foreign enterprise association.

According to Le Bich Loan,acting president of the SHTP, the format of the competition has been changedfrom previous editions. Specifically, several big companies such as Intel,Here.com, Dien Quang, Lap Thanh and Acis have put up challenges for competingstartups based on their own development demand.

Besides prizes totalling over500 million VND (over 21,380 USD), winning startups will receive support duringtheir experiment of products and sign contracts with enterprises proposing theproducts.

First held in 2016, the IoTStartup competition has attracted more than 240 projects so far. Followingtheir participation in the event, many startups have successfully called forinvestors. -VNA

VNA
# IoT Startup 2019 #competition #Sai Gon Hi-Tech Park #challenge #technology firm #IoT firm #technology developer #Vietnamplus #Vietnam News #Vietnam News agency Ho Chi Minh City
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