Local foundation to assist startups in Australia hinh anh 1Executive boards of SVF, SVFA (Photo courtesy of SVFA)

Sydney (VNA) - The Startup Vietnam Foundation Australia (SVFA) was put into operation in early May, offering a startup and innovation ecosystem for Vietnamese students and entrepreneurs in Australia.

The SVFA’s mission is to connect Vietnam’s startup community with international resources and, to that end, will soon carry out programmes supporting startups and helping them increase their capacity.

SVFA Managing Director Do Bach said the organisation will not only connect Vietnamese businesses with Australian partners but also bring Australian businesses to Vietnam and the entire Southeast Asian region.

In the second half of this year, it will better its organisational structure and implement support programmes, he added.

The SVFA established with sponsorship from the Startup Vietnam Foundation (SVF) and will inherit all missions and targets of the SVF in Australia.

Founded in 2014, the SVF is the first socialized, non-profit foundation supporting Vietnam’s startup and innovation ecosystem. Its mission is to impact economic growth via the use of two tools: innovation and entrepreneurship.

The foundation has provided support for 261 startups since its inception, connected startups with 131 investors and 30 investment funds, called for capital for 37 projects, and formed a network of 360 foreign startup consultants./.