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$4,500 for SHTP tech contest

Released at: 11:49, 11/04/2016

$4,500 for SHTP tech contest

Saigon Hi-Tech Park contest aimed at developing a smart city and improving living standards.

by Nhi Linh

Saigon Hi-Tech Park in Ho Chi Minh City has launched the "Internet of Things Startup 2016" contest to develop a smart city and improve living standards, with cash prizes totaling VND100 million ($4,500).

According to the organizers, the contest is targeted to create startup enterprises in the area of the “internet of things”; a mobile trend not only connecting people with people but also connecting all devices.

Registration is from April 9 to May 31 and contest is expected to attract around 20 projects. 

It will be widely promoted in Ho Chi Minh City and nearby areas at universities and research institutes and among the startup community. Participants are not limited in the number of ideas but they must guarantee the commercial potential of their ideas and not break intellectual property laws.

Certain topics have been recommended in the contest, such as traffic safety, traffic light control, recharging of electric vehicles, air filtration equipment, equipment for processing polluted water, and air quality control.

The first prize is VND60 million ($2,700) while the four consolation prizes are worth VND10 million ($450) each.

Saigon Hi-Tech Park will also select three to five of the best projects to help their designers commercialize the project.

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