More than 600 investment deals worth US$20 million were signed on Startup Day, which attracted about 500 funds, investors and experts from Vietnam and abroad last week.

Visitors attend the festival. Photo: The Hanoi Times

This year, the largest and most intensive annual event for startups in Vietnam and the region attracted about 15,000 visitors. The event is a platform gathering all key players from the startup ecosystem including incubators/ accelerators, business associations, and large corporations.

The festival included an exhibition displaying and demonstrating the latest technologies of the regional innovation startup community and the “Startup Wheel” contest, where startups can raise funding for their projects.

The competition is specially designed as a 6-month accelerated program running from March to August annually. It brought together more than 100 pitchings of the Top 60 outstanding Vietnam startups and Top 50 excellent international startups from 19 countries worldwide to call for investment from investors and venture capital funds.

The Contest Awards Ceremony took place on the evening of August 26 in Ho Chi Minh City.

Director of the Business Startup Support Center (BSSC) Nguyen Thi Dieu Hang said the center expected the Vietnam Startup Day event to become a place where all experiences, knowledge, and useful resources are transferred from individuals and organizations inside and outside the country to the Vietnamese startup community, then create a sustainable foundation for the process of building Vietnamese startups.