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

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