Nine Silicon Valley Vietnam Project start-ups launch operations

Thursday, Oct 09, 2014 17:31

The front page of Olymsearch, which enables users search information on products and helps companies to approach customers in an effective way. It is one out of nine technology startups in the Silicon Valley Vietnam Project launched by the Ministry of Science and Technology.

HA NOI (Biz Hub) — Nine technology start-ups in the Silicon Valley Vietnam Project recently completed their four-month-long preparations and have entered the market.

The project, launched by the Ministry of Science and Technology last October, aims to attract investments to build successful science and technology companies and help start-ups to upgrade their products.

Each participating business receives a venture investment of US$10,000. In the project, young founders of start-ups are trained in skills needed to attract investment and manage the companies.

On Demo Day held on October 4 in Ha Noi, the enterprises presented the history of the companies, their achievements and strategies to occupy the market.

According to the ministry, the event was not only beneficial for start-ups and investors, but also marked the beginning of its technology commercialisation project following the Silicon Valley model in the United States.

Thach Le Anh, founder of the project, told Tuoi Tre (Youth) newspaper that in order to create a sustainable ecosystem, the start-up community builders and start-ups have to take risks and overcome difficulties. — VNS

Here are the nine start-ups that are receiving support from the project:

1. Olymsearch: It has ambitions of becoming the Google for online shopping. Users can search for product information on the site and companies can approach customers in an effective way.

2. VietCreative: It provides game developers a tool to build games for kids and deliver them on VietCreative's platform.

3. CHOMP: It provides communication and advertising solutions on social networks with # and @ marks used on posts.

4. Astro Telligent ( It helps enterprises to recruit employees through social networks.

5. CSK: It builds cloud computing services to allow retail enterprises to increase the number of customers and the proportion of sales.

6. It is a social network for food lovers. Users can share information about their favourite foods, upload photos and share locations of stores.

7. (TechElite): It is an event management tool to help organisers plan, popularise and sell tickets. Participants need a code to check in.

8. VNPlay: It helps users to watch TV on mobile devices. VNPlay will have an intermediary role in helping television channels broadcast their programmes online.

9. (a personal finance portal) and (providing online financial comparisons): Developed by Finsom JSC, it aims to bring the best personal finance experience for the Vietnamese people.

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