Illustrative image (Source: vneconomy.vn) The incubator, whose members are studying andworking at leading universities and groups from across the world, targets youngentrepreneurs.
It offers connectivity, consultation,training and market research opportunities, along with other kinds of assistance, to Vietnamesepeople aged from 18 to 25 who want to embark on tech startup.
Since its inception more than one year ago, the2,000-strong incubator has helped firms lure up to 2.5 million USD.
Vietnam is becoming a magnet in Southeast Asia forattracting investment in start-ups, driven by a convergence of a young consumerand workforce base with increasing demands for digital technology in thepost-pandemic period.
According to Vu Quoc Huy, Director of the NationalInnovation Centre (NIC), Vietnam saw a robust development of start-up firmslast year and was on track to become the next growth driver of Southeast Asiaand play a vital role in the region’s start-up golden triangle.
He cited statistics that investment into start-upshit a record high of 1.4 billion USD in 2021 despite the impacts of theCOVID-19 with strict social distancing measures in place, breaking the previousrecord of 874 million USD in 2019.
The number of new businesses set up in the firstfour months of this year increased by 12.3 percent over the same period lastyear, which, together with positive growth momentum in foreign investment inflow,demonstrated the country’s large potential for the development of the start-upecosystem, he said.
He expects investment in start-ups to doublein the next three years./.
VNA
