The University of Hanoi and l’Agence Universitaire de la Francophonie (Francophone University Association, AUF) in Asia-Pacific have jointly launched the competition targeting youth under 35, studying or having graduated from AUF member universities in Vietnam, Laos, Cambodia and Thailand. (Source: VNA)

 Hanoi (VNA) - Young people from Vietnam, Laos, Cambodia and Thailand are invited to take part in the “Start-up Francophone 2018” competition, which is open from March to September.

The University of Hanoi and l’Agence Universitaire de la Francophonie (Francophone University Association, AUF) in Asia-Pacific have jointly launched the competition targeting youth under 35, studying or having graduated from AUF member universities in Vietnam, Laos, Cambodia and Thailand.

The contest is also organised by the alumni network of the French Vietnamese Centre of Management and Centre for Social Innovation and Entrepreneurship-National Economics University. 

The competition aims to create links between the academic world and socio-economic actors in the region as well as to reward innovative business projects by French-speaking students and young graduates. It allows young participants to benefit from experts’ support.

Registration is open until March 31. Online registration form is available at https://goo.gl/forms/QXn53MDBmwZNcDDK2.

In July, individuals or groups of individuals with the 20 best business ideas will get the opportunity to participate in a training workshop on business foundation to perfect their business plan. They will also have the opportunity to participate in start-up visits, seminars and discussions with professional experts who will lend their rich expertise to setting up business projects.

The top four teams will compete in a regional final in Hanoi, scheduled for late September. They will present their business plan to a jury of entrepreneurs. The first prize of the contest is 1,000 EUR (1,230 USD), the second prize is 500 EUR (620 USD) and the third 250 EUR (310 USD). The winners will get the chance to do internships in French-speaking companies in the region and meet French and Vietnamese investors.

The competition was organised for the first time in 2017 by the Foreign Trade University (FTU) in partnership with AUF. In the 2017 final, FTU’s TrueStack team beat three competitors to win the first prize with their original idea of creating a platform to help start-ups find funding and develop their products.-VNA