Deputy Director of the Business Start-up Support Center (BSSC) and head of the organizing board Nguyen Thi Dieu Hang said the national event is not only for start-ups but also foreign investors.

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Representatives of prize-winning projects in previous editions speaks at the launching ceremony of the Vietnam Startup Wheel 2019.

Apart from competitions in Ho Chi Minh City, Hanoi, Da Nang and the Mekong Delta, the event will connect with People’s Committees of cities and provinces, socio-political organisations, young businesspeople, universities and institutes nationwide.

The board will receive entries between now and April 30. Up to 1,000 projects are expected to join the event.

The first prize will be worth VND 200 million (USD 8,600) for a start-up firm and VND 150 million for individual entrepreneur and start-up group. The most creative project will receive VND 10 million. Outstanding projects will be eligible for the qualification round at Shark Tank Vietnam 2020.

After six editions, the competition has attracted over 10,000 competitors with 3,500 projects and over VND 50 billion invested.

This year’s event is co-organised by the BSSC and the Ho Chi Minh City Young Business Association.

Source: VNA