Promoting inclusive business during TechFest in Vietnam

Ngoc Linh
By on May 28, 2015

With the aim to create a start-up ecosystem and to connect the ICT-focused entrepreneurial community in Vietnam, National Agency for Technology Entrepreneurship and Commercialization (NATEC) and Hanoi National University co-organized TechFest 2015, one of the most important events of the year for starting companies in Vietnam.

The event was a rare opportunity for entrepreneurs to share experience and to learn from successful start-up experts around the world. A speed-dating session was organised for start-up exhibitors to briefly present their business ideas to the investors. Best ideas were chosen to compete in a Start-Up Discovery contest and the prizes were tickets to international start-up events like SLUSH in Finland and ECHELON in Singapore.

IB Accelerator
Having a great interest in the ICT sector, the Inclusive Business Accelerator (IBA) also participated in this event with an exhibition booth with two client companies, Smart Edu Now and Trace Verified. Smart Edu Now is an online educational platform which allows easy customization for teaching program that fit the demand of each individual student. Meanwhile, Sac Ky Hai Dang introduced Trace Verified, an unique electronic traceability service in Vietnam. TraceVerified is a bridge of verified information between manufacturers and buyers with the aim to make Vietnamese food production more transparent.

The IBA team being present at Techfest 2015 in Hanoi, Vietnam.

The IBA team being present at Techfest 2015 in Hanoi, Vietnam.

This event was a chance for IBA, Smart Edu Now and Sac Ky Hai Dang to develop our network of start-up entrepreneurs, investors and other incubators in the ICT sector. Through this event, the IBA wanted to shows our commitment to connecting clients companies with investors. Both Smart Edu Now and Sac Ky Hai Dang have successfully pitched their business ideas and received much interest from the investors who attended.

Positive response
Although inclusive business was not a main topic for this event, IBA have received positive responses from the visitors showing their willingness to participate in the program as Mentors or refer IBA to inclusive businesses that they know.

According to the organiser of TechFest, Uber, Appota, FPT, Vlance, BabyMe, and Umbala were among the participants of the event. Moreover, the conference also attracted 20 international investment funds, well-established enterprises and technology specialists such as Golden Gate Ventures, Google South East Asia and crowdfunding website Indiegogo. Co-organizing with NATEC this time were start-up supporters like HubIT, Founder Institute, HATCH! PROGRAM.

TechFest is expected to become an annual technology event, contribute to the development of start-up ecosystem in Vietnam and to connect this ecosystem with the rest of the region.