International start-up contest for students enters Vietnam

By Anh Kiet 18:30, 2016/05/30

An international business start-up contest is held for the first time in Vietnam to offer high school and university students in the country a chance to win money and support for their business ideas.

The fourth annual Startup Wheel 2016 contest

Battle Junior, an international start-up contest for students organised by the US-based University of Dayton in Ohio, comes to Vietnam for the first time. The team that wins the contest - organised jointly by the two organisations - will get 5,000 USD and advance to the second round to be held at the University of Dayton China Institute in Suzhou, China. If a team continues to win, it will compete in the final round at the University of Dayton in Ohio in the US in April, 2017.

Within the event, a series of conferences will be held, along with a start-up exhibition. The conferences will discuss the start-up ecosystem, along with a dialogue between the government and businesses, partners, investment funds and start-up business people. Proposals and strategic orientations in developing start-ups in Vietnam are also expected to be gathered during the events.

Meanwhile, the exhibition will draw 26 start-up projects and 9 schools. Eight standout projects will be presented in front of Vietnamese and foreign investors. Two successful start-up projects from Germany and Singapore will also be introduced. Participants to the fair will also enjoy a city tour to a number of local start-up projects and beauty spots.

Vietnam has a technology-savvy young generation with a global mindset, along with a high percentage of the population using the Internet, and is one of the leading countries in developing mobile applications. He cited estimated figures showing that Vietnam had some 1,500 start-up firms, mainly in the IT sector. They provide start-ups with comprehensive assistance from the beginning with respect to business ideas, product development, establishment and successfully running the business

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