IPP2 provides grants and training support for new innovative companies that are targeting international growth. In 2015, IPP has tested and showcased mechanisms for working with Vietnamese young companies and their supporters, helping them develop, overcome challenges and reach their goals faster. In 2016, IPP2 provides Grant Phase 2 for excellent performing projects who have already received IPP2’s Grant Phase 1.
2015 Innovation Projects selected for Grant Phase 2
Seven innovation projects including five high-growth startups will receive an additional EUR 100,000 scaling up grant each from IPP to accelerate growth and reach sustainability.
IPP2 officially announces the result for its scaling up fund, which will be granted to 7 selected project teams from the 22 project teams already supported last year. 05 innovation company projects with outstanding performance are selected for additional funding in 2016 after 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). Among the selected project teams, 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 five outstanding company projects that have demonstrated effective business model, team cohesiveness, a proven potential for fast growth and market expansion as well as adoption of an international business mindset. In addition, two 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.
The additional grant is expected to accelerate these projects to reach faster growth and become showcases to promote Vietnamese startups’ visibility with the international community. Unselected projects in IPP2’s existing portfolio can still receive further support from the program such as participating in workshops and network access.
The 5 selected company projects are listed as below:
|Project Name||Applicants||Project Descriptions|
|Beeketing – Marketing platform for e-commerce sites||Brodev Vietnam jsc.||Online marketing platform to help small online shop owners to setup marketing system to sell like Amazon.|
|ABIVIN||Abivin JSC||Data analytics ICT solution for corporations and governmental organizations to make sense of their big data.|
|ezCloud – Total Hotel Management System||ezCloud Global Technology JSC||Hotel management system for 1-3 star hotels and plugin booking engine.|
|Hamona-The Premium Coconut||Hamona Vietnam Co., Ltd||Small coconut to be sold internationally as a ready- to-drink natural product.|
|Smart Education Now (SEN) Platform Development and Commercialization||International Smart Education Technologies Co. LTD||The assessment-driven personalized learning platform|
Supported Innovation Projects in 2015
The infographic below features all 18 innovation projects IPP has supported in 2015: