The winning Bifrost Biotech team took the 10,000 USD cash prize (Source:VNA)
New York (VNA) – A device which aligns and supports shoulders and spine to prevent backache and neck pains won the first prize of “VietChallenge”, the first global business idea contest for young Vietnamese.

The winning Bifrost Biotech team took the 10,000 USD cash prize, which was presented at the final round held at the Massachusetts Institute of Technology (MIT) in the US’s Boston city on April 1.

VietChallenge, organised by the Association of Vietnamese Students in the US, looks to nurture startup ideas among young Vietnamese around the world.

The competition attracted 80 teams with about 300 young Vietnamese across the globe, including those from the US, France, Italy, Japan, and Vietnam.

Addressing the event, Ambassador Nguyen Phuong Nga, Permanent Head of Vietnam's Mission to the UN, said that VietChallenge offers an ideal opportunity for young Vietnamese to introduce and realise their business ideas.

It also instills a spirit of entrepreneurship that could help the homeland’s current modernisation process, the Ambassador said.-VNA