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VSV Accelerator seeking startups

Released at: 17:08, 23/03/2016

VSV Accelerator seeking startups

Deadline for applications in latest assistance program is April 2.

by Luong Nhi

Vietnam Silicon Valley Accelerator (VSV Accelerator), an organization under the Ministry of Science and Technology to develop startups, is calling for applications from startups to connect with investors, with a deadline of April 2.

If startups meet requirements and gain approval from VSV Accelerator they will be provided with between $10,000 and $20,000 in seed funding to develop their products. VSV Accelerator will also link selected startups with one of its 60 global mentors.

They also have the chance to work for four months at VSV Corner, a co-working space of the Ministry, where they can boost their relationships with consultants and the media. Selected startups can also connect with angel investors and venture capital funds in Vietnam and overseas.

VSV Accelerator is the first Vietnamese organization modeled after business accelerators in the US. It provides seed funding and consults startups to ensure their development within four months.

After three years VSV Accelerator has nurtured successful startups such as Lozi, which received capital from Golden Gate Ventures in Singapore and Design One in Japan, TechElite, which received capital from a Russian venture, and LoanVi, which received investment from Chile and South Korea.

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