Hanoi launches start-up ecosystem portal

14:58 | 11/10/2017 Economy- Society

The Hanoi municipal People's Committee in coordination with VPBank held a launching ceremony for the city's start-up ecosystem portal and a large-scale co-working space in support of the start-up community at the VPBank building on Lang Ha Street, Hanoi on October 10.

Chairman Nguyen Duc Chung (C) and other delegates at the launching ceremony for the portal

The StartupCity.vn portal is built with the aim of creating an online platform to connect start-up business opportunities in a simple and systematic manner. The portal will also serve as a useful tool for investors to seek investment opportunities in Vietnam.

In addition, through StartupCity, start-up enterprises can present their projects and call for investment while exploring new business opportunities and following technology tendencies and issues of concern.

The start-up ecosystem portal, which is automatic and free of charge, is developed under the guidance of experts from Israel, a nation famous for its successful start-up nation model.

"StartupCity.vn is a vivid example of how local government could contribute to the speed development of the technology industry of the country. StartupCity.vn will help attract international businesses, connect capital with start-up demands, create new jobs, encourage creative ideas and improve economic value for the ecosystem," Nguyen Duc Chung, Chairman of Hanoi municipal People's Committee said at the launching ceremony.

At the ceremony, a large-scale co-working space for use by the start-up community, named UP@VPBank, was launched at the 21st floor, VPBank building on 89 Lang Ha Street, marking the establishment of a leading large-scale co-working space in Vietnam.

The co-working space is expected to provide enterprises with the most high-class office space in Vietnam at reasonable costs. In addition, at UP@VPBank, start-ups and innovation enterprises will have opportunities to meet, work and connect directly with investors and supporting services.

So far, 130 enterprises have registered to work at the co-working space and 63 have received funds from VPBank.

VPBank has pledged to spend at least US$1 million to implement solutions in support of the start-up community in 2017-2018.

Theo NDO