During the launching ceremony, FUNDGO also signs a strategic co-operation agreement with Can Tho Youth Union to implement programmes on supporting young start-ups and deploying community activities (Photo: VNA)
Can Tho (VNA) - An investment fund intended to support start-ups indigital transformation has made its debut in the Mekong Delta City of Can Tho.
Named FUNDGO, the fund is the first of its kind in the city to support andinvest in start-ups. It is established by the city-based TRUSTpay Joint StockCo.
During the launching ceremony, FUNDGO also signed a strategic co-operationagreement with Can Tho Youth Union to implement programmes on supporting youngstart-ups and deploying community activities.
In her speech, Secretary of the Can Tho Youth Union Lu Thi Ngoc Anh said thatmany start-up ideas related to digital transformation have been appearing, thusthe fund will open up a gateway for young start-ups to access capital andrealise their dreams.
Besides capital, the fund also advises and supports young start-ups in manyother areas such as technology, finance, law and branding, she said.
FUNDGO aims to incubate and make a long-term investment in not only start-upsbut also in small and medium-sized enterprises with high creative abilities,said Dinh Tuan Kiet, Chairman of the fund and president of the Can Tho CityYoung Entrepreneurs Association.
The fund will diversify its portfolio into food chains, agriculture,healthcare, education technology, financial technology, medical technology, andmarketing business models, Kiet said.
He added it will also encourage businesses with good technology orientationsuch as applications on mobile and internet platforms or potential agriculturaltechnology applications in the Vietnamese market and other countries withsimilar conditions in the world.
The fund also has priority mechanisms for businesses that are operating in thecity's economic sectors and other ones that have applied high technology inproduction as well as scientists, lecturers, students who have practicalinventions with high commercialisation possibilities thereby creating a drivingforce for the city's development./.
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During the launching ceremony, FUNDGO also signs a strategic co-operation agreement with Can Tho Youth Union to implement programmes on supporting young start-ups and deploying community activities (Photo: VNA) 
