New Ecosystem Development Projects to receive IPP’s Grant 2016
10 new ecosystem development projects join the IPP2 portfolio with the aim of improving services for growth potential startups in Vietnam
The 10 startup supporting consortium have successfully proven their vision, their capability and feasibility to address and meet the needs of the market. These projects introduce new concepts, new elements or new initiatives contributing to the development of Vietnam’s startup ecosystems and the economy nationally or locally.
The 2016 Grant represents IPP2’s effort to improve the structures and services for startups in Vietnam on local and national levels, and especially enhancing the international connections of startup supporters.
Among the selected projects, 5 projects are from Hanoi, 2 from Ho Chi Minh City, 1 from Hue and 2 from Can Tho. They are of different areas such as angel investor network group (1 project), local incubation group (3 projects), vertical incubation (1 project), online startup ecosystem platform (2 projects), national startup ecosystem program (1 project) or accelerator program (2 projects). Notification of result has been sent to all applicants.
The 10 new projects are listed as below:
|Project Name||Applicants||Project Descriptions|
|Develop a Network of Accredited Angel Investors to Startups in Vietnam (iAngel)||Capella Vietnam Joint Stock Company
Hanoi Young Entrepreneurs Association
The Open House Joint Stock Company
|Form a community of over 80 angel investors in different fields, give them training and connect them with trained and qualified startups.|
|SMEs Incubation Mekong – Vietnam –Asean (SIMVA)||Center of Technology Business Incubator – Can Tho University (CTBI -CTU)
ATNM Co, Ltd
Small and Medium-sized Enterprise Development Project in SocTrang province (funded by Department of Foreign Affairs, Trade and Development of Canada)
|SMEs Incubation Mekong – Vietnam –Asean (SIMVA)|
|Mekong Delta & Cantho‟s startup and entrepreneurial innovation network||ETM Partners||Mekong Delta & Cantho’s startup and entrepreneurial innovation network|
|Can Tho Business Association|
|STARTUP ECOSYSTEMS AND INNOVATION SYSTEM IN THUA THIEN HUE||COOPERATION PLUS INVESTMENT AND CONSUTANCY JSC (Co PLUS)||STARTUP ECOSYSTEMS AND INNOVATION SYSTEM IN THUA THIEN HUE|
|HUE INDUSTRIAL COLLEGE|
|DEPARTMENT OF PLANNING AND INVESTMENT OF THUA THIEN HUE PROVINCE|
|Incubator for startups in Innovative Mechanical Engineering industry||Vietnam Chamber of Commerce & Industry – Ho Chi Minh City Branch (VCCI-HCM)
The Alliance of Innovative Mechanical EngineeringEnterprises
Hoa Sen College
|Establish Incubator for startups in Innovative Mechanical Engineering industry in order to enhance the practical skills of startups in mechanical industry and other related industries.|
|Building a startup launch platform to support the startup ecosystem in Vietnam||Hoa Lac Hi-tech Service Centre||Building a startup launch platform to support the startup ecosystem in Vietnam|
|Vietnam – Japan University, Vietnam National University|
|Vietnam Technology Investment and Environment Solutions Joint Stock Company (VNSE)|
|Social Innovation Incubation Platform (SIIP)||Center for Social Initiatives Promotion||Online incubation platform for every social innovator want to find sufficient support to grow his or her initiatives.|
|Enhancing capacity of Vietnam’s Startup Ecosystem||Institute of Information Technology for Business – Vietnam Chamber of Commerce Industry ( ITB- VCCI)
Small and Medium Enterprise Development Fund (SMEDF)
Vietnam International Arbitration Centre (VIAC)
|Developing a holistic set of processes and activities to develop the national startup ecosystem from multiple perspectives|
|Catapult Accelerator||DaiKhanh Import – Export Ltd. Co||Accelerator program to prepare future batches of Vietnamese startups for international launch with tailormade support coupled with parallel activities in investors’ attraction, education and qualification.|
|WEDIDIT SOLUTIONS Co. Ltd.|
|HATCH! Startup Incubator||Alpine Co. Ltd. (HATCH)||Incubation program offers a hybrid incubating model with initial seed-fund and in-house experts to shape the startup businesses.|
|Khoi nghiep tre Vietnam Co. Ltd|
Innovation System Projects 2015 to be supported in 2016
Two innovation system projects to receive an additional EUR 100,000 scaling up grant from IPP to accelerate growth and reach sustainability.
o2 ecosystem developers already received grant last year has just been selected for scaling up fund in 2016. These two system projects, which demonstrated outstanding performance, have passed exhaustive evaluation rounds by an independent panel of international and local experts.
From August 2015 to January 2016, 18 innovative companies and 4 ecosystem development teams received both financial and soft support to further develop their businesses. This included trainings, workshops and hand-on coaching as well as access to networks of advisors, experts and investors through the 2015 IPP Innovation Accelerator Program (IAP). IPP2 has decided to continue its support in 2016 by providing a larger phase 2 grant up to a maximum of EUR 100,000 for 02 ecosystem development projects with sufficient performance during eight months, strong commitment from a dedicated team and a highly scalable model for greater impact have been selected for further support.
Unselected projects in IPP2’s existing portfolio can still receive further support from the program such as participating in workshops and network access.
The 2 selected system projects are listed as below:
|Project Name||Applicants||Project Descriptions|
|Development of Da Nang Entrepreneurship and Innovation Ecosystem||University of Danang, ICT||City wide holistic cooperation to boost entrepreneurship and innovation, developing two incubators|
|Da Nang Institute for Socio Economic Development (DISED)|
|Danang Entrepreneurship Support Company – DNES|
|Fablabs Vietnam||Conech Co. Ltd||Fabrication laboratories network in Vietnam|
|Nobo Co. Ltd.|
|University of Science & Technology of Hanoi|
|VENTI Co. Ltd.|