AB Inbev launches final round of 100+ Labs programme

The brewing company AB InBev, collaborating with startup investment consultancy company 5Desire, launched the final round of the 100+ Labs program in Viet Nam at the Myst Hotel in District 1 on December 14.

Visitors are interested in Buyo's bioplastic solution. — Photo courtesy of 100+ Labs

The brewing company AB InBev, collaborating with startup investment consultancy company 5Desire, launched the final round of the 100+ Labs programme in Viet Nam at the Myst Hotel in District 1 on December 14.

100+ Labs is a contest to drive the local startup ecosystem and enable global exposure in Viet Nam.

The final round of the contest in Viet Nam featured three projects from EQUO, Buyo Labs and GreenJoy.

The winner was Buyo, which develops biodegradable plastics to help tackle environmental pollution.

The winner will receive mentorship, training, and funding of up to VND340 million (US$15,000) for implementing a pilot project. They also gained a ticket to the global AB InBev 100+ Accelerator contest and a chance to win $100,000 of funding.

Nguyen Trinh Cao Son, deputy director of Binh Duong Province Centre of Natural Resources and Environment Technical - Monitoring, said that this is a meaningful programme, which will become an incentive for startups associated with environmental protection. — VNS

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