KiotViet, a store management software provider launched in 2014, offers cloud-based point-of-sale sales management solutions to small and medium-sized enterprises. The $6 million would be used to accelerate its expansion, especially in remote areas, diversify service segments and develop its leadership team, the company said. Elsa Chandra, assistant vice president of investment at travel booking startup Traveloka, and Grace Yun Xia, principal at Jungle Ventures, will join KiotViet’s management team. KiotViet provides services to over 70,000 stores around the country. It has been growing at 250 percent a year since its inception, and enlarged its payroll from 150 to 900 in 2019, said Cao Trong Kim Tri, deputy general director of Citigo Software, the company that owns KiotViet. Jungle Ventures will help with the Vietnamese company’s expansion by advising on business strategy and hiring key personnel. It will also help KiotViet collaborate with more ecosystem players and … [Read more...] about B2B startup KiotViet lands $6 million from foreign investors
Startups that are hiring
A Virobo staff helps a boy try out a Captain Eye robot. Produced by a Hà Nội-based startup company, the robots measure the distance between children’s eyes and their desks and help them maintain the right posture when studying. — Photos courtesy of Virobo HÀ NỘI — A Hà Nội-based start-up company is trying to help Vietnamese children protect their eyes and spines. Founded in 2017 by former students from a technology university in the capital city, Virobo produces robots that help prevent myopia and scoliosis in pupils. Named Captain Eye and small enough to stand on a table, the robots measure the distance between children’s eyes and their desks and make sure they sit in an upright posture so as not to hurt their spines. “Lots of problems have been born as a result of this era of technology and economic development. Learning through mobile phones and tablets and holding them too close are one of the main … [Read more...] about Tech startup helps children prevent myopia
In the conference, Mr. Tran Thanh Truong, Deputy Director of the Quang Ngai Department of Science and Technology stated that innovative startup activities are still quite new. Certain achievements of the province until now are the active establishment of a portal for innovative startup to provide sufficient information for those in need in a timely manner. The Science and Technology Department held five training sessions of ‘Starting up a Business’, three of ‘Business Administration’ to upgrade knowledge and skills for more than 1,000 people in the province. Normally, an innovative startup ecosystem should begin with students in schools and universities, resulting from processes of scientific research and innovative learning. Mr. Vo Duy Quan, Deputy Director of the Center for Student Support and Business Relationship under Pham Van Dong University, universities can promote startup activities via public policies to change students’ mind from merely seeking … [Read more...] about Quang Ngai Province establishes innovative startup ecosystem
A product of Nami Telepod is a startup registered in Singapore by a group of new graduates. Sharing electric scooters at low costs, Telepod has been successful in its home country, Thailand and the US. The solution developed by Telepod helped it successfully call for 18,000 Singapore dollar of investment from Singapore Mass Rapid Transit in the angel round. Following its success, Telepod wanted to enter Vietnam with the scooter rental of 15 cents for a lease. However, the managers of Telepod learned from Quest Venture and Saigon Innovation Hub, the consultancy firms, that Vietnam is not an easy market to penetrate. Who will use electric scooters on the streets where traffic jams occur regularly and there are many potholes? Will it be safe to park scooters in public areas, if all the parking lots in the country must hire keepers? Teleport decided to make adjustments with the original business model. However, with the limited service, the profitability may not be high. … [Read more...] about Is Vietnam an attractive environment for startups?
Innovative start-ups will enjoy financial support from the National Technology Innovation Foundation (NATIF) fund, according to a directive issued by Prime Minister Nguyễn Xuân Phúc.— VNA/VNS Photo HÀ NỘI — Innovative start-ups will enjoy financial support from the National Technology Innovation Foundation (NATIF) fund, according to a directive issued by Prime Minister Nguyễn Xuân Phúc. Phúc asked the Ministry of Science and Technology (MoST) to draft a charter on the operation of NATIF to include innovative enterprises as recipients of the fund by the end of the year. Under the directive, innovative start-ups will enjoy preferential loans and guarantees to incubate new ideas and business models. Star-ups will need to ensure they comply with the Law on Support for Small- and Medium-Sized Enterprises as well as the criteria set out by the fund. The directive aims to lure investment in innovative start-ups from domestic … [Read more...] about PM urges increased support for innovative start-ups