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Vietnam became a regional partner of Startup World Cup
On September 12, in the United States, the Ministry of Science and Technology officially signed a memorandum of understanding with Pegasus Tech Venture (the organizer of the Startup World Cup) and Ai20X (the startup incubation center in Silicon Valley) to connect Vietnam's creative startup network with the globe.


The signing ceremony between representatives of Market Development and Science and Technology Enterprises (NATEC) and Pegasus Tech Venture in the presence of Deputy Minister of Science and Technology Tran Van Tung | Photo: Project Office 844.

Within the framework of the Vietnam Techfest Vietnam's National Innovation Startup Day in the US 2019 hosted by the Ministry of Science and Technology, Vietnam has officially become a regional partner of the Startup World Cup global competition (SWC) - an annual competition in the United States hold by Pegasus Tech Venture.

Speaking at the meeting, Deputy Minister of Science and Technology Tran Van Tung highly appreciated the positive impact of competitions, such as the Startup World Cup on the startup ecosystem in Silicon Valley and also expressed their support for further developing the competition model and similar cooperative activities in Vietnam.

The Deputy Minister said that in the coming time, Vietnam will continue to hold contests to select potential startups for the Startup World Cup. In contrast, the domestic programs will also invite experienced experts from Pegasus Tech Venture to directly evaluate, guide, advise and improve the international competitiveness of Vietnamese startups.

In May 2019, Vietnamese Startup Abivin was a representative of Vietnam to participate in the Startup World Cup competition and surpassed hundreds of heavy competitors from countries, such as Japan, USA, Canada, Brazil, India, China, Singapore, South Korea to win the grand prize of 1,000,000 USD.

On the side of Pegasus Tech Ventures, Mr. Md Anis Uzzaman - President of Start World Cup and Investor of Pegasus Tech Ventures, said: “We are delighted to strengthen our relationships with partners and entrepreneurs in the region.

Through today's session, I personally wish to be able to come and participate in quality programs and competitions in Vietnam, especially with Techfest Vietnam and Vietnam's innovative startup ecosystem.”

Techfest Vietnam is the National Innovation Startup Day held annually under the leadership of the Ministry of Science and Technology in the framework of the project "Supporting national innovation start-up ecosystem to the year 2025 ”(Project 844), which has been creating a great reputation domestically and internationally, attracts 2,000 to 5,000 participants each year and hundreds of investors and experts converge.

This year, with an international expansion strategy, Techfest Vietnam was held in the United States from September 7-13, with the participation of more than 200 businessmen, intellectuals, experts and investors from both two countries, including representatives from Pegasus Tech Venture.

In November, another international Techfest will be held in Korea. Along with that, a series of Regional Techfest will take place in Lam Dong, Vung Tau, Can Tho, and Innovation Startup Day in localities, such as Quang Nam, Hai Phong, Lang Son, and etc.

In December, the nation's largest Techfest will officially take place in Quang Ninh.

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