Microsoft to support IT applications for Vietnamese startups
In order to provide technological assistance and infrastructure solutions for Vietnam`s startup ecosystem, the Vietnam Silicon Valley (VSV) project and Microsoft will cooperate closely to support startups across the country in the future.
Microsoft Vietnam and VSV signed a memorandum of understanding (MoU) in Hanoi on September 26 to jointly aid startups in the technology sector.
Experts from US tech giant Microsoft will participate in a training program aimed to provide technological assistance and infrastructure solutions for Vietnam startup projects backed by the VSV project.
The VSV was established by the Ministry of Science and Technology to create an environment that helps scientists and startups develop innovative products of high viability and competitiveness.
The project has teamed up with angel investors who provide financial backing for small startups or entrepreneurs to deploy a business accelerator named Vietnam Silicon Valley Accelerator (VSVA).
Director of Vietnam Silicon Valley Accelerator Han Ngoc Tuan Linh said startups participating in the training program will initially receive advice, technological support, infrastructure solutions and special incentives from Microsoft.
He noted that the Vietnam Silicon Valley and Microsoft expect to promote cooperation in support for startups across the country in the future.
Every year, VSV selects projects from young people with startup ideas and assist them in facilities, knowledge and skills to develop these projects and call for investment.
VSV has created, trained and assisted more than 40 startup projects of young local entrepreneurs and has been gradually obtaining its goal to become a small-scale venture capital fund for startups at their first stage of development in Vietnam.
Particularly, the Vietnam Silicon Valley Accelerator that was launched in 2014 have successfully turned startups into businesses and mobilized millions of U.S. dollars from VSV including Lozi, TechElite, LoanVi and Schoolbus.
Experts from US tech giant Microsoft will participate in a training program aimed to provide technological assistance and infrastructure solutions for Vietnam startup projects backed by the VSV project.
The VSV was established by the Ministry of Science and Technology to create an environment that helps scientists and startups develop innovative products of high viability and competitiveness.
Microsoft Vietnam and VSV will jointly aid Vietnamese startups in the technology sector.
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Director of Vietnam Silicon Valley Accelerator Han Ngoc Tuan Linh said startups participating in the training program will initially receive advice, technological support, infrastructure solutions and special incentives from Microsoft.
He noted that the Vietnam Silicon Valley and Microsoft expect to promote cooperation in support for startups across the country in the future.
Every year, VSV selects projects from young people with startup ideas and assist them in facilities, knowledge and skills to develop these projects and call for investment.
VSV has created, trained and assisted more than 40 startup projects of young local entrepreneurs and has been gradually obtaining its goal to become a small-scale venture capital fund for startups at their first stage of development in Vietnam.
Particularly, the Vietnam Silicon Valley Accelerator that was launched in 2014 have successfully turned startups into businesses and mobilized millions of U.S. dollars from VSV including Lozi, TechElite, LoanVi and Schoolbus.
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