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Da Nang to host start-up innovation event

Leading speakers from home and abroad will address the fourth Da Nang Start-up Innovation Festival on November 1.
Da Nang to host start-up innovation event ảnh 1A start-up business project in hi-tech farming in Da Nang city (Photo: VNA)

Da Nang (VNA) - Leading speakers from home and abroad will addressthe fourth Da Nang Start-up Innovation Festival on November 1.

Vice director of the city’s science and technology department Tran Van Hoangsaid at a press conference on October 2 at least 30 speakers and experts alongwith 2,000 businesses, students and investors will join the event.

Peter Vesterbacka is a global entrepreneur and brand communities creator fromFinland; Dominic Mellor, the leader of the Mekong Business Initiative of theAsia Development Bank; Jan Lederman, President of Valhalla Private Capital, Canada;founder of Percent Silicon Valley Thach Le Anh; Shark Tank and director ofCyber Agent Investment Foundation Nguyen Manh Dung and other domestic andforeign speakers will all take part.

Hoang said activities including an exhibition of 70 business start-up projects,start-up pitching and business meetings will prelude the conference fromOctober 28-31.

He said the city has established three private funds reserving for start-upprojects since 2016.

This year’s event will focus on start-up projects in fields of informationtechnology, tourism and agriculture, aiming at promoting the city’s innovativestart-up ecology system for the future.

The city’s business start-up ecosystem debuted in 2014 as a base for theyounger generation to begin their careers. Three hundred start-up projects, ofwhich 10 received funding from investors, were born from the ecosystem’sco-working space.

In 2017, the Song Han Incubator Centre, which was seen as the first privatesector incubator, was debuted as a consultancy for young people startingbusinesses.

The centre has supported 40 start-up projects in tourism in Da Nang and HCMCity.

Last year, two projects received 7.7 billion VND (335,000 USD) from investors.

Da Nang has 18,000businesses, 95 percent of which are small and medium-sizedenterprises.

The city plans to support 200 projects and 80 start-up businesses, in which atleast 20 percent of businesses will successfully call fund from investors, in2020.

During the occasion ofhosting the conference, Da Nang will debut its first Adventurous Fund insupporting start-up businesses./.
VNA

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