TPO - VinVentures Technology Investment Fund has total assets of 150 million USD, sponsored by Billionaire Pham Nhat Vuong and Vingroup Corporation. The fund focuses on investing in highly innovative technology startups with the desire to promote and develop the startup ecosystem, contributing to the creation of digital technology enterprises in Vietnam and the region.
TPO - VinVentures Technology Investment Fund has total assets of 150 million USD, sponsored by Billionaire Pham Nhat Vuong and Vingroup Corporation. The fund focuses on investing in highly innovative technology startups with the desire to promote and develop the startup ecosystem, contributing to the creation of digital technology enterprises in Vietnam and the region.
Of the Fund's total assets of 150 million USD, 100 million USD is the investment portfolio inherited from Vingroup and 50 million USD is expected to be disbursed in the next 3-5 years.
VinVentures' investment focus is Artificial Intelligence (AI); Semiconductors, Cloud Computing and high-tech products.
In addition, the Fund also opens up opportunities for startups in other fields if they have growth potential and the ability to provide quality products and services, not necessarily limited to startups related to Vingroup.
The Fund's immediate investment scope is the Vietnamese market, targeting startups with domestic founding teams in the early stages (seed stage and Series A stage - stages 2 and 3/5 of startup capital calling rounds).
In the future, the Fund will expand its reach to startups in the region, especially in markets with similar development characteristics to Vietnam such as Singapore, Indonesia and the Philippines.
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VinVentures Fund aims to become a launching pad for a number of Vietnamese startups. Pictured are the Top 10 startups of the "National Innovation and Entrepreneurship Talent Search Competition 2023". |
Regarding the investment process, the Fund and the invested unit will follow these steps: Meeting, exchanging information, researching products, the target market of the start-up, evaluating the investment, signing a negotiation agreement and then signing an investment contract. The time from when the start-up submits the application until receiving disbursement can last from 2-3 months and up to 6 months for large-scale deals.
The conditions for VinVentures to invest are startups with potential for sustainable development, good growth rates, products and services with high commercialization and practical application potential, and a reputable and experienced founding team. The deals will be implemented on the principle of professional investment, in which VinVentures will buy shares and become a shareholder of the company with specific profit expectations.
Ms. Le Han Tue Lam (Executive Director of VinVentures Fund - Vingroup Corporation) shared that VinVentures will provide startups with the ability to connect with companies in Vingroup's ecosystem in both the role of an environment for evaluating and testing product quality and technology services for startups before launching to the market and potential customers.
The Fund is also ready to advise and support start-ups to connect with major partners in the market and is a "launch pad" for potential start-ups in the future.
According to the Global Startup Ecosystem Report (GESER 2023) by start-up Genome, Vietnam's startup ecosystem currently ranks third in Southeast Asia, with an estimated economic impact of up to 5.22 billion USD.
The number of startups in Vietnam has also increased sharply, from about 1,600 at the time of the COVID-19 pandemic to more than 3,800 at present, of which AI startups account for nearly 10% of the total number.
Source: https://tienphong.vn/viet-nam-co-quy-dau-tu-cong-nghe-150-trieu-usd-post1686233.tpo
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