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Five Vietnamese startups join VIISA Acceleration Program

Released at: 13:47, 30/09/2019

Five Vietnamese startups join VIISA Acceleration Program

Photo: VIISA

Five startups join Acceleration Program Batch 6 on September 28.

by Minh Do

VIISA announced the five potential startups joining its Acceleration Program Batch 6 on September 28.

It received over 100 applications for the acceleration program during the two-month application period, an increase of more than 20 per cent compared to the previous intake.

For this latest batch, VIISA applied a new methodology for filtering out and selecting startups. A minimum of four hours was spent on each startup, including at least two face-to-face interviews with VIISA’s management team, in order to gain as much understanding as possible about their businesses.

After all matters were considered and fair terms agreed, the five potential startups from various sectors (traveltech, edtech, e-commerce, and fintech) will join VIISA on the three-month program journey.

The five startups joining the VIISA Acceleration Program Batch 6 in September are:

BeeKrowd is an equity crowdfunding platform that supports startups with fundraising and makes the privilege of investing in startups come true for small investors. BeeKrowd strongly believes that besides traditional ways of fundraising (angels, VCs, and sharks), a new approach like equity crowdfunding has huge potential in Vietnam.

BoxShop is a tech-driven O2O platform for fashion, helping emerging local brands display and sell designed clothing in inspired boutiques. It gathers them in one-place and has a system to manage all activities, from warehousing to point-of-sale. BoxShop will conduct PR and marketing to reach more consumers and help local brands sell their products both offline and online. BoxShop is a modern fashion marketplace for women.

EcomEasy is a leading e-commerce solutions company whose focus is on continually finding new ways to make e-commerce easier and more successful. Its integrated capabilities encompass all aspects of the e-commerce value chain, covering IT solutions, store operations, digital marketing, customer services, warehousing, and fulfillment.

Hachium is an e-learning platform that helps instructors create websites to teach and sell online courses in ten minutes without programming skills.

TripHunter is an automatic trip planning platform for free independent travelers to build their personalized itineraries in minutes and book all-in-one. Travelers need only select their destinations, travel time, and interests, and will receive optimized and personalized trip plans. TripHunter is positioned as the must-have application providing a massive database of travel information to help travelers explore anywhere in Vietnam and the world.

The VIISA Acceleration Program Batch 6 marks major upgrades to the program’s structure while maintaining the core factors that have been VIISA’s most valuable assets in accelerating startups’ growth.

The three-month program provides participating startups with investment in cash plus an undisclosed amount of supporting services such as co-working space, Amazon Web Services, HubSpot, Google Cloud, Mapbox, and Zendesk, etc.

VIISA also commits to referring startups to resourceful local corporate partners (for e.g. FPT and Dragon Capital), cultivating cutting-edge practices and principles to help companies strive for as many meaningful tractions as possible and connect founders with potential investors who might join their journey to support them achieve greater milestones further down the road.

Finally, startups that graduate from the VIISA Acceleration Program will stand a good chance of obtaining follow-on funding of up to $200,000 from VIISA Investment Track when they secure a new round of funding from other investors.

“Batch 6 marks our third anniversary of running the acceleration program,” said Mr. Hieu Vo, Program Director and Board Member of VIISA. “We witness a better-structured curriculum and more refined content, where founders and their businesses are the core focus of the program. This new approach has enabled us to support the right startups with appropriate growth stages. We truly aim to raise the bar in standards for our program management team. We all hope for another successful acceleration batch.”

VIISA is expecting to showcase its Batch 6 startups at its signature Investment Day event, which is scheduled for early December. Investment Day will see startup pitches from Batch 6 and some portfolio companies, presented to more than 100 investors, mentors, and corporate partners from all over the globe.

In his closing address, Mr. Duc Tran, CEO of VIISA, officially called for startups to participate in the Acceleration Program Batch 7, with further information available on VIISA’s website. The VIISA Acceleration Program Batch 7 is expected to be launched in spring 2020.

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