Corner designed to bring venture capital and startups together under one roof.
Vietnam Silicon Valley Corner (VSVC) was launched on November 15 at 24-26 Ly Thuong Kiet Street in Hoan Kiem district, Hanoi, under the Vietnam Silicon Valley project, sponsored by the Ministry of Science and Technology.
“The corner is not only a co-working space for startups but is also where startups and investors can connect with each other,” according to Ms. Le Thach Anh, Director of the Vietnam Silicon Valley project, which supports Vietnamese startups.
“The TPP and free trade agreements put pressure on us as government leaders, so we must not be slow in creating an ecosystem for startups,” said Minister of Science and Technology Nguyen Quan.
VSVC is to become a destination for information sharing among angel investors (who not only invest capital but also provide mentoring and coaching) and venture capital for investors to find the suitable startups for investment. “Investors will bring energy to the startup ecosystem and turn the dreams of young scientists into reality,” Minister Quan emphasized.
He also spoke of the government’s determination to invest in science and technology. Vietnam is behind Malaysia and Singapore in technology rankings, he said, but has surpassed Thailand.
Ms. Thach Anh added that young Vietnamese are passionate about startup sand this is an advantage for their development in the future.