Microsoft Viet Nam, Vietnam Silicon Valley sign MoU

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Microsoft Viet Nam and Vietnam Silicon Valley (VSV) signed a Memorandum of Understanding on supporting and developing information and technology application for the country's startup community on Monday (Sept 26).

Microsoft Viet Nam and Vietnam Silicon Valley (VSV) sign a Memorandum of Understanding on supporting and developing information and technology application for the country's startup community. — Photo ndh.vn
HA NOI (Biz Hub) — Microsoft Viet Nam and Vietnam Silicon Valley (VSV) signed a Memorandum of Understanding on supporting and developing information and technology application for the country's startup community on September 26.

According to the MoU, the two sides will co-operate to develop and upgrade key sectors in building the startup ecosystem.

VSV and Microsoft Viet Nam hope to boost co-operation to support startup activities in Viet Nam.

VSV will play the role of a startup accelerating organisation, while providing consultation, funds and selecting startup enterprises for the programme.

Meanwhile, Microsoft Viet Nam will play the role of a technology consultant and supporter to help build solutions on cloud platforms and introduce VSV startup products.

VSV is an initiative of the Ministry of Science and Technology and the Vietnamese Government.

The project seeks to create an ecosystem of innovations and technology commercialisation in Viet Nam by combining the Vietnamese people's entrepreneurial spirit and innovative nature with the most successful practices that the United States has to offer in startup development and mentoring, accelerators, and venture capital funding and investing.

The project marks the beginning of a dynamic and exciting ecosystem for technology entrepreneurship and startups in Viet Nam with the application of Silicon Valley-tested training and development programmes and networks of mentors from Silicon Valley to stimulate the growth of Viet Nam's startups.

Notably, VSV Accelerator, which was started in 2014, has become an incubator for more than 40 startups, including Lozi, TechElite, LoanVi and Schoolbus. – VNS

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