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Kafnu HCMC partners with 500 Startups Vietnam

Released at: 12:40, 29/07/2019

Kafnu HCMC partners with 500 Startups Vietnam

Photo: Khanh Chi (VET)

Kafnu the venue sponsor for 500's Saola Accelerator program.

by Hong Nhung

Kafnu Ho Chi Minh City has announced it will team up with 500 Startups Vietnam to support entrepreneurship in Vietnam, as venue sponsor for 500’s Silicon Valley-inspired, Ho Chi Minh City-based accelerator program Saola Accelerator.

To mark the start of the partnership, 500 Startups Vietnam and Kafnu Ho Chi Minh City hosted an exclusive event attended by more than 100 tech entrepreneurs. Mr. Saalim Chowdhury, Partner at 500 Startups and Saola Accelerator Program Director, spoke about “Secrets to a Great Growth Funnel”, shedding light on growth drivers of a startup and debunking “growth hacking”.

Saola Accelerator aims to support three batches of Vietnam-connected startups with $100,000 in investment in each in addition to programmatic support. The first batch hosted 24 startup founders and core team members from six countries and territories at more than 70 training sessions, workshops, and hands-on mentoring sessions.

“The mission of 500 Startups is a great fit with Kafnu’s ethos, and we are proud to support their efforts to empower Vietnam’s startup ecosystem through their accelerator program,” said Mr. Chris Edwards, General Manager of Kafnu Ho Chi Minh City & Hong Kong. “We feel privileged to be part of the success story of Vietnam’s budding entrepreneurs, especially at this crucial and exciting stage of their development, and look forward to growing with them.”

500 Startups Vietnam is a venture capital firm investing in promising Vietnam-connected startups. The fund aims to invest in up to 100 local startups by 2020. Saola Accelerator is 500’s latest step in its mission to back talented entrepreneurs all over the world, helping them build companies at scale and developing thriving ecosystems around the world.

“Beyond sharing growth know-how, Saola Accelerator aims to create a safe space for founders to ask questions and get support from experts who understand the struggle they are going through,” said Mr. Eddie Thai, General Partner of 500 Startups Vietnam.

“The partnership with Kafnu as venue sponsor has enabled us to provide that safe space, providing us with top-quality facilities and round-the-clock support for various program activities. We are delighted to be working with partners like Kafnu as we bring 500’s world-class accelerator curriculum and experts to Vietnam and back the very talented founders in this market.”

Saola Program Director and 500 Startups Partner, Mr. Saalim Chowdhury, said the “Secrets to a Great Growth Funnel” event focused on the core drivers that deliver growth to a startup and debunk the notion of growth hacking. A serial entrepreneur, he has worked with over 250 startups from 25 countries and territories over the last four years. Sharing his own experience, he emphasized that growth is not a collection of tactics or shortcuts but a mindset and a process based on constant experimentation.

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