The Investment Day event was held both offline and online on July 2
Vietnam Innovate Startups Accelerator, or VIISA, celebrated the ‘Investment Day’ milestone of Batch 7 of its Acceleration Program to showcase graduating startups to investors globally at the MOONLAB co-working space on July 2, 2020. The event attracted more than 100 active investors, corporations, and startup communities to the on-site location and to an exclusive virtual event.
VIISA is a business acceleration program that invests in building startups in Vietnam which can compete at a global level. After six batches, there have been 32 graduates from the program, including UrBox, WisePass, VDes, BoxShop, EcomEasy, and TripHunter, which according to the accelerator, have created more than 400 jobs and raised a total of US$5 million from other investors.
The startups which were part of Batch 7 of the program included iSpeaking, VDES, TripHunter, Ask Locals, Medigo and Gring. They had to undergo seven intensive online business management training sessions and 80 hours of working with mentors, entrepreneurs-in-residence and VIISA’s executive team.
They also had the chance to pitch their business to investors to gain valuable feedback. The companies could avail the services of VIISA’s partners, such as Amazon Web Services, Google Cloud, Payoo and MOONLAB Co-working space.
Following this, if any of these startups manage to secure a new round of funding from other investors, they will have the chance to receive follow-on funding of up to US$200,000 from the VIISA Investment Track.
In the welcome note, Mr Hieu Vo, VIISA’s Board Member and Program Director, reiterated the necessity of advancements in technology and innovation in light of how far back the pandemic has set the business world. The event centered around Ask Locals, Medigo and Gring, three startups from Batch 7 of the Acceleration Program.
“I believe that VIISA has helped us a lot in terms of building a clear and sustainable business and financial model. The VIISA team has also brought us so many opportunities from their network of partners. Another necessary thing is that VIISA has shown us the importance of choosing what to focus on to make the business grow faster with our limited resources. This is important for us to know which is the right direction to go in, during this time,” says Le Huu Ha, founder of Medigo.
Mr. Duc Tran, Board Member and CEO of VIISA, delivered the closing speech for the event. He also welcomed startups to apply on the VIISA website to be part of Batch 8 of the Accelerator Program.
Header image courtesy of VIISA.