Categories News

FPT signs cooperation agreement with Dragon Capital Group to accelerate Vietnamese start-ups

On March 30, the Vietnam National Startup Initiative workshop took place in Hanoi. The event attracted about 50 guests including the leaders of the Ministry of Science and Technology, Ministry of Education and Training, the Vietnam Software Association and representatives from important companies in the Vietnamese startup ecosystem such as investment funds, enterprises, associations, educational institutes etc.

Within the framework of the program, FPT and Dragon Capital Group signed a cooperation agreement on the establishment of Vietnam Innovative Startup Accelerator (VIISA). VIISA will be an open-ended fund with the participation of many large enterprises and investment funds in which FPT and Dragon Capital Group are the founders. The fund aims to train, invest and support Vietnamese start-up groups in the fields of information technology, mobile, internet and finance. The first start-up accelerator training course of VIISA is expected to officially open in the second quarter of 2016.

FPT signs cooperation agreement with Dragon Capital Group to accelerate Vietnamese start-ups

The establishment of VIISA was in response to the national program to build Vietnam’s startup ecosystem launched by the Ministry of Science and Technology. VIISA will create a new startup ecosystem to help hit the goal that Vietnam will have 5,000 technology companies by 2020. The founders affirmed that they would try their best to make VIISA a center to connect Vietnam’s startups with businesses and investors around the world. Currently, FPT and Dragon Capital Group are calling for more names among Top 500 enterprises in Vietnam as well as funds and start-up incubators worldwide to build and develop VIISA.

Executive Chairman of Dragon Capital Group, Mr. Dominic Scriven OBE, comments: “We believe in the information technology and mobile revolution. We think growth engine of the economy in next decade will lie with the innovative startups we see today. By starting to work on this program, we do hope to accelerate the commercialisation and the application of innovative technologies in Vietnam.”

After the declaration of the establishment of VIISA, the founding members signed a memorandum of agreement on the development of start-up activities at universities and high schools including VNU University of Engineering and Technology, Hanoi University of Science and Technology, FPT University and Hanoi – Amsterdam High School.

ANTS is one of FPT Venture’s investment

Earlier, in 2015, FPT established FPT Ventures to offer Vietnam’s technology startups opportunities to reach new heights. So far, FPT Ventures have invested more than $1 million in the startups inside and outside of the corporation. Some of the examples are CyRadar named among Asia’s top 10 most promising tech startups by Echelon, ANTS – the first Vietnamese real-time bidding ad exchange portal and ELSA – the winner of the SXSWedu Launch startup competition.

Recent Posts

  • News

FPT Software Boss: Innovation or Missed Opportunities?

FPT Software’s Deputy General Director Nguyen Khai Hoan on Tuesday said Vietnamese businesses should innovate and adopt digital transformation if…

7 hours ago
  • Automotive Tech Blog

Smart Fleets Are The Smart Choice: Here’s Why

Emerging technologies like Artificial Intelligence and the Internet of Things have improved driver functionality. The evolution of smart devices, on…

6 days ago
  • Automotive Tech Blog

The Latest Trends in In-Vehicle Infotainment 2019-2020

In-vehicle infotainment is a collection of hardware and software in automobiles that provides audio or video entertainment. It originated with…

6 days ago
  • Automotive Tech Blog

Top 5 Digital Transformation Trends in Automotive in 2019

Digital transformation and technological advancements of today bring the automotive industry to a state of disruptive transition. Manufacturers are being…

6 days ago
  • Automotive Tech Blog

Top 5 Trends in Driver Assistance Software

ADAS or advanced driver assistance systems are set to enhance vehicle safety, as they help to simplify the driving process…

6 days ago
  • Automotive Tech Blog

Top 9 Trends Shaping the Automotive and Mobility Industry

Today technologies have highly impacted the automotive industry, as digital transformation spreads across the world. Cars are slowly turning into…

6 days ago