The event is being co-organized by the city’s Department of Science and Technology and Department of Information and Communications, the Vietnam National University - HCM City, and the National Agency for Technology Entrepreneurship and Commercialization Development (NATEC).

Director of the department and head of the organizing board Nguyen Viet Dung said the competition is open to all individuals, collectives, and businesses.

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Director of the Department of Science and Technology Nguyen Viet Dung speaks at the event.

Entries may involve production, trade, transport, finance, healthcare, education, or agriculture. Apart from a prize of VND 550 million (USD 24,000), competitors will have the chance to receive training and counselling and join an incubator program with funding of VND 200 million per project for a maximum of three months.

Those entering the final round will be presented to investors and have the chance to receive investment packages for the next stage.

Entries must be sent to the board prior to July 31.

A qualifying round is scheduled for August, with a maximum of 50 entries. Twenty will then enter the semi-final round from August to November. The final round and the awards ceremony will then take place in November.

Source: VNA