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Business Ideas Event - Demo Day 2016

Monday - 18/07/2016 08:15

11 start-up businesses had presented, introduced their idea of product, business model, ... before managers, domestic and international investors at Investment Event - Demo Day 2016 -took place in the morning on 16.07.2016, issued by the Ministry of Science and Technology.

Attending the event were Mr.: Former Minister of Ministry of Science and Technology - Mr. Nguyen Quan; Mr. Tran Van Tung - Deputy Minister of Ministry of Science and Technology; Former Deputy Minister of Science and Technology, Vice President of Vietnam Union of Science and Technology Associations Mr. Nghiem Vu Khai; Head of the Project "Technology Commercialization under Silicon Valley model in Vietnam" - Vietnam Silicon Valley (VSV) - Mr. Thach Le Anh; Representative of the British Embassy in Vietnam; domestic and international investors; ...

This event is a part of the chain program in 2016 of VSV Project by the Ministry of Science and Technology launching in 2013, aims to create conditions for startup group, seeking opportunities from the investors, domestic and international investment funds.

In the second year, Demo Day 2016 has 11 startups participating in presentation of the project, what they have been and will help for a modern life. Before attending Demo Day, 11 start-up team has been carefully selected from hundreds of application forms. They received $ 10,000 from project and spent 4 months on training. After training period above, the group has completed the start-up ideas, business models, finished products, market and be ready to receive investment to expand their business activities.

Besides connecting and receiving more support from experienced advisors, through Projects, the start-up group also created a relationship with the partners…

Mr. Nguyen Quan - Former Minister of Ministry of S&T at Demo Day 2016

According to Mr. Nguyen Quan - Former Minister, in 3 years, VSV has achieved some positive results, and created a number of successful startup. However, he says, if only VSV is not enough. We need thousands of VSV. An entrepreneurship country must be hundreds of thousands of successful startup businesses from research platform and science and technology application. Only enterprises can make Vietnam with innovation. Thus, along with VSV, we need to have a lot of incubation, incubation center, ... contributing to the development of the country.

Speaking at Demo Day in 2016, Mr. Tran Van Tung - Deputy Minister said, when VSV held Demo Day the first time in 2014, more than 100 investors and enterprises attended to follow 9 group in presentations. Then, 4 startup group has continued to be funded by invest funds, angel investors. This result has helped Promoting Enterprise Fund in 2014 created benefits for investors only after 12 months.

"We hope events as Demo Day will create prerequisites for successful connections between investors and Investment funds with the potential start-up businesses, create opportunities for the feasible development project, "said by Deputy Minister Mr. Tran Van Tung.

Mr.Tran Van Tung - Deputy Minister has spoken at Demo Day 2016

Accordingly, the business must have products to meet market demand, models, feasible business strategies and qualified team. Creating an environment to attract talents through constructing BA system, create a favorable investment environment, combined budget to attract venture capital fund, especially from abroad.

 

11 start-up groups are supported include:

- Utimai - mobile social network handle the issues frequently arise in life through the utilization of the relationship of one individual and make that relationship to economic benefits;

- School bus - live broadcast platform on the Internet for teachers and high school students;

- Kera - online learning system (e-learning) for enterprises, to help businesses train employees by creating online training courses;

- Social Resource Allocation (SORA) - exchange systems based on contract, helping the stakeholders do not rely too much on financial issues;

- Torki Kebap - franchise model for individuals and organizations which want to sell Doner Kebab bread;

- EZ4Home - an online showroom about interior construction, create 3D interior space on the Web and mobile platforms;

- Vocap - solutions can help students remember 1000 words in just 30 days with only 30 minutes per day;

- Caganu - one of four e-commerce companies succeed with B2C model in Vietnam;

- Booknhanh – the best online scheduling platform in finding the beauty care center;

- Regen - a platform for the fastest connection between those who have the need for blood and blood donors;

- VNDREAM - consulting services, share experiences in the field of construction online.

Source: Centre for Research and Development of Science and Technology Communication

 
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