The club aims at boosting the cooperation among members and becoming a bridge between enterprises and educational institutes in order to foster scientific research and implementation. In this conference, Mr. Nguyen Khac Thanh, Deputy Director of the HCMC Department of Science and Technology, reported that there are now 74 science-technology businesses in the city, along with several others filing for the certificate. He stated that his department will help the commercialization of innovative products of these companies so that they can officially become a science-technology one. The HCMC Department of Science and Technology also presented preferential policies towards this kind of business such as business tax exemption, land and water surface rent exemption, as well as preferential credit for scientific research activities, technology development and manufacturing activities. On this occasion, the above department mentioned its special incubation program for innovative startups … [Read more...] about HCMC Science-Technology Business Club launched
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Vietnamese startup raises 7 million USD from Silicon Valley
Elsa Speak is an English learning application. (Photo: elsaspeak.net) Hanoi (VNS/VNA) - Elsa Speak, an English learning application, has successfully raised 7 million USD in funding from Google and Silicon Valley in the US. The successful capital call raises Elsa Speak’s total investment capital to 12 million USD from well-known funds in Silicon Valley and Asia. This funding came from Gradient Ventures. This is a venture capital fund investing in artificial intelligence (AI) in Google, aiming at providing financial support and technological advice to startups in the field of AI. Zachary Bratun-Glennon, partner at Gradient Ventures, said Elsa was a fun and effective language learning solution for learners globally. Van Dinh Hong Vu, CEO of the startup, said that this round of funding would help Elsa accelerate its development speed and explore new markets such as Japan, Indonesia and India. "We were eager to work with experts from Google to continue developing a team of … [Read more...] about Vietnamese startup raises 7 million USD from Silicon Valley
Vietnamese startup raises $7 million from Silicon Valley
Elsa Speak is an English learning application. — Photo elsaspeak.netViet Nam News HÀ NỘI — Elsa Speak, an English learning application, has successfully raised US$7 million in funding from Google and Silicon Valley in the US. The successful capital call raises Elsa Speak’s total investment capital to $12 million from well-known funds in Silicon Valley and Asia. This funding came from Gradient Ventures. This is a venture capital fund investing in artificial intelligence (AI) in Google, aiming at providing financial support and technological advice to startups in the field of AI. Zachary Bratun-Glennon, partner at Gradient Ventures, said Elsa was a fun and effective language learning solution for learners globally. Văn Đinh Hồng Vũ, CEO of the startup, said that this round of funding would help Elsa accelerate its development speed and explore new markets such as Japan, Indonesia and India. "We were eager to work with experts from … [Read more...] about Vietnamese startup raises $7 million from Silicon Valley
Human resources training to support startup activities launched
In this training session, participants gained more knowledge on innovative startup ecosystems, along with corresponding policies of the metropolitan authorities, potential issues arisen when using state budget in startup activities, experience on supporting the incubation activity, limits and chances for startup projects in Vietnam when being launched in a large scale. Taking part in this event were more than 30 individuals who are responsible for creative ideas for innovative startups, or managers of common space and centers, directors of boosting programs to incubate entrepreneurs and innovative startups, policy makers related to creative innovation, economy development, as well as investors or business people who are going to build a specific ecosystem for the community. In a related event, the HCMC Department of Science and Technology has just cooperated with the HCMC University of Technology (HUTECH) to organize a conference themed ‘Young lecturers – Students with … [Read more...] about Human resources training to support startup activities launched
VinaCapital launches fund to foster regional tech startups
VinaCapital Ventures and startups Logivan and Fastgo The new fund, called VinaCapital Ventures, will invest between $2 million and $10 million per startup—starting with Logivan, a truck-hailing network, and FastGo, a ride-hailing application. VinaCapital Ventures said it will work with local engineers, scientists, and innovators who have developed technologies that solve industry pain points and problems that are substantial enough to compel customers to adopt new technologies. Disruptive technologies that have the potential to create entirely new markets are another focus. According to Khanh Tran, partner at VinaCapital Ventures, the fund will help startups develop into strong technology companies in Vietnam and assist them in building a regional presence. Specifically, the venture investor will offer capital, network, and mentorship. “Thanks to our international network, we are also open to co-invest with other global investors,” said Tran. He cited Logivan as … [Read more...] about VinaCapital launches fund to foster regional tech startups