15 startups raise investment capital to expand market in Vietnam

15 startups in various fields have passed the selection round to come to the K-Startup Center Program (KSC) Demo Day 2023.

15 công ty khởi nghiệp gọi vốn đầu tư, mở rộng thị trường tại Việt Nam

Startup company representatives present at the event. (Photo: Hong Chau)

On the afternoon of October 27, in Hanoi, VSV Capital Venture Fund in collaboration with the Government organization KISED (Korea Institute for Startup & Entrepreneurship Development) organized the Demo Day event under the startup incubation program "2023 K-Startup Center Program", gathering more than 100 venture capitalists, representatives from state agencies and leaders from the business sector from Vietnam and Korea...

This is also an opportunity for startups to connect and present to investors, government officials, and leaders of large corporations.

The K-Startup Center (KSC) is a government initiative to promote Korean startups to penetrate the global market. The program has been implemented for many years in famous startup centers around the world, such as: Tel Aviv (Israel), New Delhi (India), New York (USA), Singapore, Stockholm (Sweden), Helsinki (Finland) and Paris (France), with an official “Center” established in each country.

For the KSC 2023 Program in Vietnam, VSV Capital has selected 15 companies from more than 80 outstanding candidates after a rigorous 2-month recruitment, screening and interview process. The selected startups are from Seed to Series B stages, with companies having received investments ranging from 100,000 USD to 20 million USD. These startups all have clear goals when coming to the program: raising capital from investors and seeking partnerships to expand the market in Vietnam.

In particular, the founders and key members of these startups all come from large corporations such as Samsung, Huyndai, LG, LOTTE, Abbott, BMW... with many years of experience teaching people, and graduated from prestigious universities in the world such as UC Berkeley, Seoul National University, Yonsei University, The University of Chicago...

Over the past 3 months, VSV Capital has been working tirelessly with startups to help them gain insider market insights, connect with relevant stakeholders, and sign key partnerships. Startups participating in the program have had 1:1 mentoring sessions with experts in relevant industries and fields.

They also experience and access Vietnamese cultural activities to better understand the culture and lifestyle of people in the market they are aiming for. In particular, startups can also participate in networking events that VSV organizes annually for the community in Vietnam, bringing them important relationships and cooperation opportunities.

Established in 2013 within the framework of the Project "Commercializing Technology according to the Silicon Valley Model" - also known as the Vietnam Silicon Valley Project (VSV) chaired by the Prime Minister and approved by the Ministry of Science and Technology, VSV Capital is a private investment fund with the first and oldest startup incubation center in Vietnam.

Over the past 10 years, VSV has successfully incubated more than 200 startups and directly invested in more than 80 of them, in diverse fields such as e-commerce, delivery, agriculture, education, robotics, etc. Typically, many startups that were incubated by VSV from the very beginning have successfully raised capital many times and are valued at tens to hundreds of millions of USD.

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