Support programme launched to finance young start-ups

Wednesday, Dec 18, 2019 15:13

BCNEX FUND Chairman Ngo Hoang Quyen (left) shakes hands with sYs Director Nguyen Duc Tung at the co-operation announcement ceremony held this week in Ha Noi. — Photo BCNEX

The Supporting Center for Youth' Startups (sYs) and the BCNEX Innovative Startup Investment Fund (BCNEX FUND) have announced a co-operation deal in a start-up support programme.

Under the programme, sYs and BCNEX FUND will not only provide start-ups with advice on product development and business management, but also help them mobilise financial, human and facility resources.

The promotion of start-up innovation was a key focus to realise Viet Nam's goal of stable and sustainable development, Nguyen Anh Tuan, Permanent Secretary of the Youth Union and Chairman of the Youth Federation’s Central Committee said at the co-operation announcement ceremony held earlier this week in Ha Noi.

Angel investment funds, entrustment investment funds, nurseries, start-up support centres, the mentors’ community, as well as domestic and international organisations will together create a solid foundation for Viet Nam's start-ups to flourish.

“With our role and responsibility, sYs will connect all resources, together with related units to effectively give support for Vietnamese youth to start and establish a successful career,” said sYs Director Nguyen Duc Tung.

“As a venture builder, BCNEX FUND committed to accompany sYs to support start-ups in the improvement of their products and raise funds from domestic and foreign capital sources,” said BCNEX FUND Chairman Ngo Hoang Quyen.

BCNEX FUND is run by BCNEX, a technology start-up that provides support services for start-up projects involved in blockchain in Viet Nam. Its Blockchain Trading Platform enables investors and contributors living in different countries to exchange tokens or coins of different blockchain- and crypto-related projects. — VNS

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