Today: 05/03/2024 11:55:09 (GMT+7)
THE SPECIALIZED PAGE OF BAC GIANG NEWSPAPER ONLINE

ADB Ventures offers Vietnamese startups US$ 1 million for 2021-2023

The ADB Ventures - Supporting Impact Startups, a joint project between Vietnam National Innovation Centre (NIC) and the Asian Development Bank (ADB), has been launched, offering US$ 1 million for Vietnam between 2021 and 2023.

At the launching ceremony on October 7, Deputy Minister of Planning and Investment Tran Duy Dong stressed that the project will contribute to solving the problem of capital for the operation of innovative and start-up enterprises in Vietnam.

ADB Ventures, Vietnamese startups, Impact Startups, joint project, innovative and start-up enterprises, climate change, gender equality

At the event.

The project prioritises those operating in the sectors of clean energy, finance, agriculture, and health, helping them access finance and building business skills. It encourages entrepreneurs to develop technological solutions that can produce positive changes to climate change and gender equality.

Dong said he believes the ADB Ventures will realise its targets in contribution to assisting innovative and startup firms in developing the solutions as well as Vietnam in achieving it sustainable development goals.

Vu Quoc Huy, director of the NIC, said the centre will work with the ADB in searching and selecting potential firms operating in Vietnam that meet the project’s requirements.

Vietnam will participate in the implementation of two technical support components, namely the ADB Ventures Lab and ADB Ventures SEED. Via the components, ADB will help startups reduce market risks, connect them to potential customers, and help them pilot their technical solutions in new markets.

It is expected that there will be 15 viable business ideas tested in the ADB Ventures Lab, and ten innovative Vietnamese enterprises receiving assistance of up to US$ 200,000 each in the ADB Ventures SEED.

Vietjet acquires 67 pct in express delivery startup
Budget airline Vietjet has invested VND31.5 billion ($1.36 million) to acquire a 67 percent stake in shipping startup Swift247 which seeks to improve the linkage between air and road delivery.
 
Banks out of loop, government fund to lend directly to startups
Startups could soon borrow at low interest rates directly from a government fund to promote entrepreneurship even as bank credit remains hard to get.
 
Venture funds commit $815 mln to Vietnamese startups
Vietnamese startups earned pledges of $815 million over the next five years from 33 foreign and domestic venture funds.
 
Social impacts key success factor for Vietnamese startups
Vietnamese startups using technology to create positive and sustainable impacts on the larger community have higher chances to succeed, experts say.
 
PM Phuc: creating best environment for innovative startups
It is necessary to create the best environment for innovative startups and startup ecosystem, Prime Minister Nguyen Xuan Phuc said at a dialogue with investors, experts and entrepreneurs in Hanoi on November 27.
 

Source: NDO/VNA

ADB Ventures, Vietnamese startups, Impact Startups, joint project, innovative and start-up enterprises, climate change, gender equality
 
New comment has just been added. Click here
Sort:NewBest News