Steel giant pledges $477,000 for university's start-up foundation
Steel maker Hoa Sen Group on Monday agreed to provide VND10.5
billion (US$477,000) to the HCM City National University's Start-Up
Foundation to speed up start-ups by students and young teachers from the
university and others in the city as well as neighbouring provinces.
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| Representatives of Hoa Sen Group and HCM City National University signed the agreement. — VNS Photo |
The money will be allocated over five years through 2020.
The foundation seeks to enrich young people's knowledge of start-ups and strengthen the capacities of business incubators.
"Starting up is tough," Luu Phuoc Vu, chairman of Hoa Sen Group, said.
"Without strong efforts, it cannot be successful especially in a competitive economy. To start up, people need to be creative."
Earlier, at an event organised in Ha Noi, Vu had pledged to support start-up projects launched by the HCM City Youth Union in 2016-21.
Ha Noi and HCM City have been making strong efforts to develop start-up programmes.
They are in fact trying to become start-up hubs to boost their competitiveness and development. — VNS
