K-Startup Grand Challenge offers opportunities for Vietnamese firms
Vietnamese startups will have opportunities to attend professional training courses, receive consultations from experts and call for investment capital when attending the K-Startup Grand Challenge.
Vice President of the Vietnam Software and IT Services Association (VINASA) Mai Duy Quang (centre) at the press conference in Hanoi on May 24 (Photo: VNA)
Hanoi (VNA) – Vietnamese startups will have opportunities to attendprofessional training courses, receive consultations from experts and call forinvestment capital when attending the K-Startup Grand Challenge.
The K-Startup Grand Challenge is a project conducted and financed by theGovernment of the Republic of Korea (RoK), Vice President of the VietnamSoftware and IT Services Association (VINASA) Mai Duy Quang said at a pressconference held in Hanoi on May 24 to introduce the programme.
The K-Startup Grand Challenge aims to promote the expansion of an openentrepreneurship ecosystem in Asian region, he said, adding that Vietnamesestartups will have chance to receive 100,000 USD as the first prize andassistance from the Korean Government.
Youn Jung Park, director of the Korea IT Cooperation Centre (KICC), said Vietnamhas a young and proactive startup community with many innovative ideas.
Some 80 startups worldwide will receive 11,130 USD each to pay living costsduring 3.5-month training and connect investment in the RoK, she said.
Meanwhile, top 40 startup will be supported with more than 22,000 USD each inbusiness establishment and operation in the first six months in the East Asiancountry.
Registration to the programme should be made on //kstartup.vinasa.org.vn no laterthan June 14. The qualification round will be organised on July 9-10 in Hanoiand July 11-12 in Ho Chi Minh City. Potential startups will be chosen tocompete at the final round in the RoK.
To date, 37 startups have registered their participation, including 16Vietnamese.
This is the third time that the K-Startup Grand Challenge has been held on theinternational scale.
In the past two events, 41 startups called 26 million USD from investors. Theyinked 46 contracts and over 300 cooperative agreements. Particularly, over 80startups have cooperated with large RoK corporations. -VNA
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Vice President of the Vietnam Software and IT Services Association (VINASA) Mai Duy Quang (centre) at the press conference in Hanoi on May 24 (Photo: VNA) 
