Slush-IPP prize at Techfest goes to Horus and VP9

Two Vietnamese companies won free trips to Slush 2015 at a start-up competition organised as part of Techfest,  the first investor and start-up festival of its kind and scale in Vietnam.  The three-day event brought together tens of international and local investors, guest speakers and the rapidly developing start-up community in Vietnam. The joint Slush-IPP prize winners will get a chance to join a larger delegation of Vietnamese companies to Slush, which will be organised in Helsinki, Finland on November 11-12. The prize will also include preparatory coaching at the IPP program before Slush.

Horus, VP9, IPP and Tekes on stage.

Horus, VP9, IPP and Tekes on stage.

 

 

Founders of the two winning companies, Mr. Nguyen Duy Son, CEO of Horus and Mr. Nguyen Dinh Nam, Chairman of VP9, shared their feelings about the prize after Techfest.

Tell us a little bit about your company and your product.

Mr. Son: Horus is a Virtual Reality technology project. We started in Junary 2014. The main product of Horus is a VR Game and VR hardware for VR Games. Our market segmentation is low and medium income customers globally.

Mr Nam: VP9.JSC is a spin-off enterprise. Our product is a video streaming platform based on a video encoding algorithm which has been peer-reviewed by authorized organizations such as the FIRST Project (MOST, the Ministry of Science and Technology of Vietnam/World Bank). The VP9 streaming platform will make Internet video streaming easy, smooth, cheap, sharp.

Have you participated in investor events like Techfest before? What do you expect out of the trip to Slush?

Mr Son: I have never participated in investor events like Techfest before. But I have heard about Slush before Techfest because my CTO has experience in studying and doing research in Helsinki many years ago. He absolutely wants to get a chance to visit Helsinki again in November.

Mr. Nam: No, we haven’t participated in similar events yet. From our point of view, products should be researched and developed completely and tested by users before showing to investors. Now, as we have finished our R&D and have a market, we need investment to scale up. Techfest is the first time investors heard about VP9 video streaming, and they showed their interest in our product.

We are excited about this trip because it is a great opportunity for us to call for investment and scale up globally. We expect that in Slush, we can call for investment successfully as well as have more partners and customers.

Anything else you’d like to share?

Mr. Nam: We highly appreciate the Vietnamese Government, MOST as well as foreign donors like the Finnish Government and the World Bank for supporting start-ups like us. VP9 and other SMEs in Vietnam need support in human resources, market analysis, raising funds and so on. So, some projects/events like IPP, FIRST and Techfest will encourage us to innovate, to face difficulties and go forward.