People at the "International TECHFEST in Australia" held in Melbourne. — Photo vneconomy.vn

The Ministry of Science and Technology (MoST) and Australia’s Monash University on Wednesday organised the first “International TECHFEST in Australia”, aiming to attract international resources to develop Việt Nam’s innovative start-up ecosystem.

The event saw the participation of Vietnamese and Australian officials and over 100 experts, investors, and investment funds from the two countries.

Minister of Science and Technology Huỳnh Thành Đạt said that the event is an opportunity to promote the image of Việt Nam's open and dynamic creative start-up ecosystem. It’s also a bridge connecting businesses and organisations with international resources around the world.

Việt Nam calls on overseas Vietnamese, intellectuals, entrepreneurs, technology experts, and foreign start-ups to come to Việt Nam and work with Vietnamese partners to solve local and global challenges, he said, adding Australia is a potential technology and capital market.

The minister said Việt Nam’s start-up ecosystem needs linkages with regional and international systems, particularly those with experiences and resources like Australia’s.

At the event, innovative startups had an opportunity to present to Australian venture capital companies such as Magic Edutech Group PTY LTD, Cyberkid, VSEC, Hana Gold, and Treeotek. Representatives from agencies and organisations exchanged experiences to improve their support of start-ups. — VNS