Monthly Archives: April 2019

4 VIETNAM ACCELERATORS AND INCUBATORS FOR INNOVATION STARTUPS

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Vu Thi Hong Ngoc

Vietnam is one of the fastest growing countries in ASEAN. It is also considered a rising creative hub in Asia thanks to its rising affluence and prosperity, greater ease of doing business, wider and faster Internet and mobile connectivity,…. They are factors that help the startup ecosystem to flourish.

If you’re thinking about basing your startup in Vietnam, expanding into this promising market, or if you simply want to find out more information about the programs available, please find below the list of 4 accelerators and incubators in Vietnam. It is especially useful if you have a/some innovation idea(s), as the accelerators and incubators will help you to drive it into reality.

1. Vietnam Silicon Valley

Location and Contact Information: 

About: Under development by the Ministry of Science and Technology in conjunction with the Vietnamese Government, Vietnam Silicon Valley accepts raw startups with just an idea, to companies with a significant user numbers and prior investment. It focusses on online gaming, mobile applications, e-commerce, e-learning, technology-applied businesses and digital media sectors.

Offer: 

  • Four-month intensive program. Funding amount ranges from US$10,000 – US$25,000, with 10 per cent equity taken. 
  • Vietnam Silicon Valley provides legal and business consulting, along with office space.
  • Startups will have a chance to pitch to angel investors, and local and global venture capitalists at the end of the program.

2. IDG Ventures Vietnam

Location and Contact Information: 

  • Hanoi Office:
  • Address: V Building, 5th Floor, Unit 502, 125-127 Ba Trieu Street, Hai Ba Trung District, Hanoi City, Vietnam
  • Phone: (84-4) 2220-0348 | Fax: (84-4) 2220-0349 
  • Ho Chi Minh Office:
  • Address: Centec Tower, 5th Floor, Suite 504C, 72-74 Nguyen Thi Minh Khai Street, District 3, Ho Chi Minh City, Vietnam.
  • Phone: (84-8) 3827-8888 | Fax: (84-8) 3827-8899 
  • Email Addresses:

About:  IDG Ventures has a history of working with companies which are at the early-stage. It typically invests in companies with a focus on consumer technology, media and ICT sectors.

Offer:

  • IDG Ventures helps innovative companies to grow on a global basis with US$100 million under management. 
  • IDG Ventures provides strategic guidance, business development, marketing and recruitment support.

3. Hatch! Ventures

4. VIISALocation and Contact Information: 

About: Hatch! Ventures has been established since 2012. It is an NGO consisting of four pillars: community building, co-working space, seed-funding and startup incubating. HATCH! Ventures’ programs have attracted +100 supporting entrepreneurs and + 10,000 startups participating. All income of HATCH! Ventures is used to re-invest in activities supporting for startup ecosystem in Vietnam. 

Offer: 

  • Three-month program. Each startup is matched with one to three mentors with different expertise. 
  • HATCH! Ventures helps startup to refine business plans, provide insights, knowledge and experience in a specific field, as well as expand the startup’s network.

4. VIISA

Location and Contact Information: 

  • Address: 1bis Nguyen Thi Minh Khai, Ben Nghe, District 1, Ho Chi Minh City
  • Website: http://www.viisa.vn/

About:  The Vietnam Innovative Startup Accelerator (VIISA) is an accelerator program and seed stage fund that will invest $6 million to build global-ready startups in Vietnam. VIISA is powered by FPT Company and Dragon Capital and partnership with AWS Portfolio Plus, Zendesk Startup Program, DigitalOcean HATCH!,….

Offer: 

  • Funding: Startup will receive up to $15,000 in cash; In-kind services including cloud servers, office space, and other resources during the course of the acceleration program in exchange for transferable equity.
  • Extensive Mentorship: Startup will receive guidance and support from over 150+ global entrepreneurs, investors, community leaders, and corporate partners.
  • Resources: Over US$100,000 worth of technical resources, access to IT consultancy, bank accounts and administration, accounting services and more.
  • Follow-on Funding: Promising graduates will be able to get follow-on funding of up to $200,000 from VIISA, should they secure a new round of funding.
  • Corporate Networks: VIISA’s corporate partners can help startups get in front of businesses and key decision makers
  • Corporate Networks: VIISA’s corporate partners can help startups get in front of businesses and key decision makers

Success of a company relies both on the contribution of marketing and sales team.

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By Do Qui Minh

Marketing and sales teams are both essential to the operation of a company. Although both teams has the same goal to enhance the revenue of the company, when they have to work together, they don’t always get along. In the case when the revenue go down, marketing blames the sales force for not having sufficient efforts. The sales team, in turn, complains that marketing sets prices too high and not doing any practical thing, or not even realize what is actually going on with customers. Marketing believes the sales force focuses too much on individual customers rather than big picture of the larger market.

When both teams are equally important, finding a way to enhance the collaboration between the two teams is essential.

One of the solution is to let the two team understand the role of the other, and that the function of the two team is to support each other rather than competition. This should be through communication with both teams. Marketing focuses on customer behavior of the whole market, branding to raise awareness for the initial sales potentials. They try to determine the preferential products and services, the right features and price. Sales can help marketing to identify the actual needs of the customers, which may not be reflected through market research.

Clearly defining the roles and responsibilities of the both teams is the first step to solve the conflict.

The second solution is about communication. It is essential to keep sales in the loop of a marketing plan, and vice versa. Organize regular meetings to discuss mutual opportunities and issues. Disciplined processes and guidelines should be used to operate

The third solution is about KPI. Although the two team shares the same goals to improve revenue, their KPI are usually different. In order to measure the effectiveness or productivity of the two teams, there can be mutual factors in the measuring of the two

Success of a company relies both on the contribution of marketing and sales team. The Improving the collaboration, reducing conflict between the two teams needs to be carefully considered by the managers and leaders.

Alliances / Partnerships/ Sharing Economy – More than a course

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By: Dang Son Duong

Thanks to the Master 2 Innovate Project Management Program, we had a wonderful week with Mr. Aaron EVERHART, board member of Hatch Ventures.

During his course, we had chance to meet some interesting persons. Everynight he invited one expert come and talk to us. 

Mr Quentin Frecon from School Lab
Mr. Hung from YOLO

Especially, we have one nigth at Vietnam Silicon Valley. Studying out of the class give us a very interesting experience.

Studying at Vietnam Silicon Valley

We understood more about the importance of Partnership and Sharing Economy. Especially, my Kidcom Project found the very important partner that can help us to bring our project into reality. 

Ms. Dau Thuy Ha from KidsOnline, our partner

Ms. Dau Thuy Ha is chairman of KidsOnline, a company that provide preschool management software – Application to connect families and schools on the internet platform (online). She have very strong relationship with many preschools and she is very interested in our ideal. Becoming a partner of KidsOnline is very important for us at the beginning. Ms Ha helped us finding the investors and a very good supplier from Singapore. She also offered me to become the CEO of Rvi Centre (one of her company).

Thank Master 2 Innovative Project Management Program for bringing to us great opportunities and valuable experiences!

Each enterprise should be a centre of innovation

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By: Dang Son Duong

The Vietnam Government official made the remarks while attending the “Business Revitalisation and Innovation: Breakthroughs from Mind to Action” CEO Forum 2019 held on April 5.

Addressing the forum, Deputy PM Hue affirmed that the Party and State advocate the transformation of growth models based on the application of science and technology and innovation in order to improve the productivity, quality and competitiveness of the economy.

Deputy PM Vuong Dinh Hue speaking at the forum

Deputy Prime Minister Vuong Dinh Hue said that each enterprise should be a centre of innovation amid the urgent requirements of innovation in mind and action

The government has increasingly improved the business environment and strengthened the macroeconomic foundation, in addition to promoting the start-up ecosystem and innovation and creating the most favourable conditions to support enterprises.

He emphasised that creating breakthroughs is the message that the Government wants to deliver to all ministries, localities and enterprises to achieve the socio-economic targets in 2019 and the five-year socio-economic development plan in the 2016-2020 period.

Enterprises cannot go alone in their process of innovation, thus, the Government is committed to accompany enterprises in such a difficult but promising career, Deputy PM Hue noted.

Thanks to the Master 2 Innovate Project Management Program, we have known about concepts and applications of innovation and how important it is. In my point of view, not only each enterprise should be a centre of innovation, but also each university. People who graduated from universities may become high quality manpower in the future.

Futhermore, universities and enterprises should consider about sharing economy. The sharing economy can refer to social peer-to-peer processes that include sharing of access to goods and services,or any rental transaction facilitated by a two-sided market, including business to consumer. Universities and Enterprises can collaborate with others to be more successful in the future.

Thank Master 2 Innovative Project Management Program for bringing to us great opportunities and valuable knowlegdes!


Team management – An interesting course

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By Ha Trang Nhung

Thanks to the Master 2 Innovative Project Management Program, we have chance to meet Dr. Corinne MIRAL, a professor & researcher at Nantes University and head of doctoral school. She is very nice and helpful.

During her course, we had chance to experience lots of interesting activities and teamwork. One of the interesting thing is the workshop with Vietnam Laughter Yoga Club. Mrs. MIRAL Corinne has invited them to the class. They explained us the effect of laughing to our health, our spirit and our attitude to life and taught us some basic laughing yoga techniques. We enjoyed it very much and found it really useful because all of us are often stressful because of being overwhelmed with workload during the day time and intensive training program during the evening.

Another interesting activity is team building game, which is very relaxing. And at the same time, it taught us how to be a team leader, how to be a good member in the team.

Thank Master 2 Innovative Project Management Program for bringing to us interesting and valuable experiences!

The change which I am proud of…

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By Ha Trang Nhung

Mrs. DANIELLE PAILLER during the Change Management and Culture course has told us a sentence that is “Everyone thinks of changing the world, but no one thinks of changing him/herself”. I love this sentence very much. And following I will tell you the story which made me decide to make change of myself.


All of you must know the Honda cub, a very simple and cheap one. But even the cheap one, until the year of 2000, my family still did not have. My father went to work by his bike. When I was 12 year old, my uncle sold his old Honda cub to my father. He was so happy and took it to go to the office. But soon after 1 or 2 hours later, my uncle informed that he changed his mind and he wanted to take the motorbike back. Never in my 12 years existing in the world, I saw such a frustration on the face of my father. And it changed me absolutely from that moment. 


I used to be very lazy at studying. I did not care about studying. The reason was that I was born in a remote village where everyone was farmer from this generation to the next ones and no one care about studying. For them, studying is something difficult and unaffordable and a far-away reach.  There was no one reach university level before. 


From the moment I saw the desperate face of my father, I changed to a different one. Why my uncle had motorbike? Because he had a good job, which was not a farmer as the other people living in my village. He did not live in our village, he moved to the city, he was a doctor. I realized that I have to study because knowledge is the way to make money to buy a new motorbike for my father. 


After that, I realized much more things. I realized that there are so many new & interesting things outside my small village. Life is much greater than what I saw in my umbrella. The change led me to the famous and big secondary school, high school and university. And because I changed, I made some of my close friends change too. And we were the very first people in the village reaching to university life. After that, more and more families in our village changed their mindset and they invested in the education for their children.


Thanks to the lecture of Mrs. DANIELLE PAILLER, I realized that I have mobilized my INTRINSIC CULTURE to change myself. By nature, I am not the lazy one, also not stupid but the EXTRINSIC CULTURE made me have no intention in serious learning. Environment and culture is not the deciding factor to our destiny but they have big effect on our lives. We cannot choose where we were born but we can choose where we stay and develop our life. 

LEARNING CHANGE MANAGEMENT SUBJECT THROUGH “NET HUE” RESTAURANT DISCOVERY.

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Nguyen Thi Thu Thuy

“Net Hue” Restaurant is one of the most famous traditional restaurant in Hanoi. Hue cuisine is not only a simple food, through “Net Hue”, Vietnamese diner shall have a better understanding about the history of Vietnam and the Nguyen Dynasty from the 18th century.

Moreover, Hanoi’s customer does not need to go far to enjoy the traditional food of the regions in Hanoi. Hue food enriches the culinary arts of Vietnam, elegant music of Hue royal court is preserved and developed.

Through the discovering and exploring “Net Hue”, we realized that, to attract more customers to the traditional restaurant, the following factors are important:

  • Preserve the name and characteristics of the traditional cuisine
  • Decorate Restaurant with pictures and items which relate to Hue culture and history.
  • Display video and clip about Hue food in big flash screen

Change management! Change to fit, change to be better and we can learn “change management” in anywhere! An interesting subject! An innovative way of learning!