A reality show for start-ups on social media will begin in October and carry a first prize of VND1 billion (US$42,920) sponsored by Red Bull Viet Nam Company. — Photo courtesy of organisers

A reality show featuring a contest between startup ideas will begin next month with a first prize worth VND1 billion (US$42,920).

Red Bull - Chinh Phuc Uoc Mo (Conquer your dreams) is being produced by Multimedia JSC and Yan Digital and hosted by Tung Leo and will be broadcast on social media.

The contest is meant for people aged 18-35 who have dreams of starting a business but lack the experience, know-how and resources.

The jury members who will listen to participants’ pitches include Publisher Saigon Books’ founder Nguyen Tuan Quynh, Mai Truong Giang, who was in the Forbes Viet Nam list of 30 outstanding people under the age of 30 in 2015, and Trương Ly Hoang Phi, director of the Business Startup Support Centre.

Top contestants will also have a chance to get investment and sponsorship from outside even if they do not win on the show.

A casting programme will be held to choose ideas and projects with potential on September 27 in HCM City. — VNS