Illustrative image (Source: SGGP)
 
HCM City (VNA) - Startup Space - The Youth Five (Y5 office) - for young people has been inaugurated in District 1, Ho Chi Minh City, by the municipal Ho Chi Minh Communist Youth Union.

Addressing the inaugural ceremony on July 24 held, Truong Ly Hoang Phi, CEO of the Ho Chi Minh City’s Business Startup Support Centre (BSSC), said at the Y5 office, which plays its role as an information provider, startup enterprises have opportunities to access support sources in the startup ecosystem as well as chances to join startup activities in the community and meet experts, thus increasing development opportunities for business and startup activities of young businesses.

Covering an area of nearly 500 sq.m., the Y5 office is home to startup enterprises and groups with the aim at connecting, sharing and developing startup ideas.

The Y5 office has about 15 working and meeting rooms and public space using energy and water saving technologies, thus helping saving operation costs for startup enterprises.

In addition, the Y5 office is to link between investors, enterprise and the city’s startup community, providing startup information, trends for young people.-VNA