Announcing IPP’s 2017 Final Grant Results

Hanoi, February 21, 2017 – Vietnam – Finland Innovation Partnership Programme, Phase 2 (IPP2) officially announces 07 projects to receive IPP’s 2017 Final Grant with the total grant value of up to 16 billion Vietnam dong. This is the last grant for the 2016 supported projects including 03 ecosystem projects, 03 university projects and 01 integrated project (combined of the ecosystem and university ones).


With the aim to further accelerate the development of a sustainable and healthy innovation and entrepreneurship ecosystem of Vietnam, with the focus on the core startup teams and ecosystem partners from IPP’s funded projects in 2016, IPP2 has launched the 2017 Final Grant Call since December 2016. In this final grant call,  IPP2 focuses on promoting the Entrepreneurship & Innovation (E&I) partnership and cooperation between ecosystem developers and universities.

IPP2 received 14 project proposals and selected 07 most potential and outstanding projects for the scaling-up grants. This include: 03 E&I ecosystem development projects (2.4 billion VND each), 03 university projects (2,4 billion VND for each joint-university project and 480 million VND for single university project) and 01 integrated project (3,6 billion VND).


The grant money is used for reimbursing up to a maximum of 70% of the project cost (under IPP’s regulations on eligible costs), these selected projects will also receive soft supports in form of access to senior business advisors and coaches, events & networking activities to connect with potential partners and experts, digital startup ecosystem platforms and other related activities by IPP2. The other projects will still have the opportunities to receive IPP’s consulting and networking supports.


Mr. Lauri Laakso, IPP2’s Chief Technical Advisor, commented on this year Grant Call results: “Our international evaluators are all satisfied with the quality of the proposals this year.  The selected project teams are talented and experienced, most of them have learned well from the previous phase and strongly commit to the projects. The proposals are well designed, clear, balanced, and focused on very core needs within Vietnam’s E&I ecosystem. Some projects have unique ideas with high scale-up potential. Other have demonstrated their ability to achieve big ambitions for the regional growth with volume of activities and revenue to match.”


The projects to receive IPP2’s 2017 Final Grant are listed as below:


  Ecosystem Projects
No. Proposal # Project Name Applicant
1 E05 Mekong Delta and Cantho’s startup and entrepreneurial innovation network 1. ETM Partners LLC
2. Center of Business Studies and Assistance (BSA)
3. Nam Cantho University
4. Cantho Business Association
5. Fablab Cantho
2 E06 2017 Business Accelerator and Management System Project 1. HATCH Ventures Vietnam JSC
2. Viet Youth Entrepreneurs Co., Ltd
3. Non-stop Innovation Waves (NIW)
3 E07 Enhance Angel Investor Network to better support the Vietnam startups ecosystem
(iAngel Network)
1. Capella Vietnam JSC
2. Innovation Hub Investment JSC
3. Hanoi Young Business Association
  University Projects
No. Proposal # Project Name Applicant
4 U01 Vietnam E&I Social (VES) 1. BK-Holdings, Hanoi University of Science and    Technology (HUST)
2. Saigon Technology University (STU)
3. Da Lat University (DLU)
5 U02 A Program of Promoting Entrepreneurship and Innovation Awareness at Universities and Colleges in Central Vietnam for Sustainable Development 1. Hue Industrial College (HUEIC)
2. Da Nang University of Technology (DUT)
3. Nha Trang University (NTU)
6 U03 EMBA in E&I – University of Finance and Marketing (UFM) 1. University of Finance and Marketing (UFM)
  Integrated Projects
No. Proposal # Project Name Applicant
7 I03 Social Innovation Incubation Platform (SIIP) 1. Center for Social Initiatives Promotion (CSIP)
2. VNG Corporation
3. IBE Consulting and Resources Development Co., Ltd. (IBE)
4. Foreign Trade University (FTU)



For further details and instructions: please contact IPP2 Office – Tel: +84-4 – 39 39 39 82 (Ms. Trang Vu) – Email: – Website: .