Hanoi, May 5, 2017 – HATCH! VENTURES, in association with Viet Youth Entrepreneurs (VYE), announces 13th May as the application deadline for their 2017 Acceleration Program. Up to eight innovation-based startup companies will get four months of international mentorship and training, with the aim to prepare each to be investment-ready and to pitch on the main stage of annual HATCH! FAIR. Startups based in Hanoi, HCMC, and Da Nang, with products and services in IT, Tech, ICT, IoT, especially with social impact factors are eligible.
Under the supervision of certified experts from the world’s leading incubation/acceleration training program in the United States, the program features a customized mentorship model: The Triangle Mentorship. Each startup is assigned with at least three mentors who are experts in product development, business development, investment, finance/fundraising and so on. Companies also have access to a big mentor pool (with consultants in various areas), a series of workshops and coaching sessions to improve their business and management performance. At the end of the program, startups get to debut by pitching to investors at “HATCH! FAIR The Fifth”, Vietnam’s largest, and one of the region’s top annual startup events. Each year, the event attracts over 2,000 participants, 100s of exhibiting startups, and 80 speakers from over 20 countries. After their debut, startups in the incubator get continuing support with investor relations and business development for additional six months.
New for 2017, the program has seed funding of US $90,000 for the top three Social Impact companies; with an additional award of US $15,000 for one best-performing startup during the program. For those companies located in HCMC, VYE also reserves additional seed funding, up to USD 90,000 per company.
To apply to the accelerator, interested founders should apply before 23:59, 13 May 2017. Further information, as well as application links for the program, can be found on either HATCH! (http://www.hatch.vn/acceleration) or VYE (http://incubation.vye.vn/) websites.
Email for any inquiries please send to: firstname.lastname@example.org.
About the Program
HATCH! Incubation was launched in 2014, with a strict focus on quality. Companies exiting the program included mato.vn (development advisory), saberfruits.vn (branding, marketing, equity advisory), and lozi.vn (founder mentorship, business advisory). In 2015, HATCH!, in partnership with Innovation Partnership Program, an ODA project of the governments of Vietnam and Finland, offered support in setting up an acceleration program to 19 startup companies in Hanoi, Danang, Hue, and HCMC. Several startups under the program made significant progress: Abivin, EzCloud, Beeketing, SEN TECH, and Hamona, with IPP second fund rounds, up-to USD 160,000/company. In 2016, HATCH! VENTURES launched its second incubation cohort, also under a grant from IPP, with 4 companies. Two of the startups have achieved significant milestones, including fund raising and international expansion to ASEAN countries.
About HATCH! VENTURES VIETNAM
HATCH! VENTURES promotes effective entrepreneurship and is the leading go-to resource for startups in Vietnam. HATCH! activities and leadership make international headlines, as the organization supports thousands of individual entrepreneurs operating hundreds of startups. HATCH! expands through Ecosystem Building, Accelerator / Incubator Programs, and Co-Working Spaces.
About Viet Youth Entrepreneurs (VYE)
Founded in February 2011, VYE’s mission is to inspire and empower passionate Vietnamese youths to create successful entrepreneurial endeavors. VYE has five years of experience organizing events, trainings and annual boot camps for young entrepreneurs of the startup ecosystem. In 2016, VYE opened a co-working space in HCMC to provide further supports to projects and startups.