A start-up incubation program, entitled “Start & Up - Behind the Scene”, was launched in Hanoi on March 4.
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Co-hosted by the National Economics University (NEU)’s Centre for Social Innovation and Entrepreneurship, the Republic of Korea’s Nextrans venture fund, and V-Startup, the program aims to seek start-ups with potential and provide them with capital, training, and market access.
The online training curriculum will feature interviews with CEOs and founders, as well as success and failure stories collected by founders of successful start-ups and corporate executives of major tech firms.
A maximum of 100 start-ups with be entered into the program, each with the chance of receiving USD 20,000 for their ideas. On completion of achieving their original set goals, they could receive an additional nearly USD 200,000 and enter the second round of funding from Nextrans’ global investors.
NEU Rector Tran Tho Dat said that in order to promote entrepreneurship among students and new businesses, support from investors is needed to turn their ideas into reality.
He suggested closer linkages between students and businesses to create products meeting market demand.- (VNA/VLLF)