Business Business

28/09/2019 - 15:23

Hue connects with investors to establish the Start-up and Innovation Fund

On the morning of September 27th, the People's Committee of Thua Thien Hue province held the Conference on Connecting with Investors to Establish the Start-up and Innovation Fund. Mr. Phan Ngoc Tho, Chairman of the Provincial People's Committee, represented the provincial leaders to chair the conference.

Mr. Pham Duy Hieu, Vice Chairman of Start-up Vietnam Foundation shares his experience in entrepreneurship investment

The conference welcomed representatives of Start-up Vietnam Foundation, Vietnam Innovation Capital Management JSC, provincial departments, branches and potential investors in the province.

At the conference, the delegates were informed of the Government’s regulations on the establishment of the start-up and innovation fund, and shared the experience in investing in start-ups and building a start-up investment culture.

Representatives dedicated to a thriving start-up ecosystem of Thua Thien Hue province

In his speech at the conference, Mr. Phan Ngoc Tho emphasized: “With this conference on connecting with the investors to establish the start-up and innovation fund, once again Thua Thien Hue province would like to seriously discuss with investors about how to develop sustainable and innovative start-ups. The barriers and inadequacies in the process of forming a start-up and innovation ecosystem will be gradually adjusted and improved.

Chairman Phan Ngoc Tho also affirmed that one of the important factors constituting a start-up and innovation ecosystem was to set up an investment fund to support start-up ideas/projects. The fund would provide opportunities not only for start-ups, but also for successful entrepreneurs who could invest in developing innovative products and supporting next generations in the Vietnamese business community.

Therefore, contributions of investors, whether more or less, were extremely important contributions as a foundation for the Start-up and Innovation Fund operating in the long run.

Also, at the conference, the Department of Planning and Investment and Vietnam Innovation Capital Management JSC signed a cooperation agreement to mobilize and establish the Start-up and Innovation Fund in Thua Thien Hue province. Many potential businesses of Thua Thien Hue province have confirmed to join the Fund.

By Dong Van