Techfest witnesses $14 million investment in start-ups
Techfest 2019, in Hạ Long City, Quảng Ninh Province has announced to see around US$14 million in investment during the national innovative start-up day.
A series of seminars were organised by 12 technology villages during the three-day event.
The event attracted 250 foreign investors and experts, and nearly 300 start-ups, with the support of VinTech City, Vietcombank and several other donors.
The first prize in the National Innovation Talent Contest for Start-ups was awarded to MultiGlass, a start-up providing smart technology to help people with disabilities use computers.
The smart communication device combines iris recognition technology and Artificial Intelligence. MultiGlass will represent Việt Nam at the Start-up World Cup 2020 in San Francisco, US.
At the closing ceremony Deputy Minister of Science and Technology Trần Văn Tùng said the ministry would continue to assist the innovative start-up eco-system and support local ecosystems. He highlighted the determination of ministries and sectors to create favourable conditions through a legal framework for start-ups, incubators and foreigners seeking investment opportunities in Việt Nam. The opinions given by domestic and foreign investors and experts at Techfest would be studied to improve the start-up environment.