Startups invited to join DNES-launched incubation programme
DNES, a Da Nang - based incubator focusing on helping seed-stage startups take off the ground is calling for startup projects from Da Nang and other Vietnamese localities to register for the 10th three-month creative startup incubation programme.
The time-efficient, cost-saving programme aims to help startups perfect a viable business model, thereby increasing their growth opportunities and access to investment capital.
During the 3-month course named Finc with no fee or equity for joining, the participants have a chance to verify market assumptions and business models through intensive workshops and weekly 1-1 meetings.
Besides, they can enjoy startups support services from Finc' partners: Coworking space (50% off), Amazone Web Services from ($5000) and Google Cloud from ($3000), business registration service, IP and legal consulting services, attend such startup events as SURF and Techfest.
With regard to seed funding policies, DNES’s investment arm Flying Fish Investment (FFI) is ready to provide seed money to potential companies completing the programme.
FFI also assigns an annual average investment fund of 2 billion VND to Finc, with up to 500 million VND for each startup.
The programme is totally suitable for all early stage startups active in all aspects, particularly giving the priority to those involved in information technology, biotechnology, education technology, agricultural technology, and other high-tech industries.
With regard to the event’s timeline, applications are accepted until 19 February at http://bit.ly/apply-finc.
Since 2016, DNES has organised incubation courses with the participation of more than 60 eligible startup projects. The selected startups are eligible for programmes focused on fundamentals such as product-market fit, go-to-market, HR/team and fundraising.
Also, a combined total of over 1.5 million US$ of investment capital has been raised for such elite projects as Datbike, Hekate, and Cashbag.
Since its inception, DNES has developed a network of more than 40 domestic and foreign partners that are forward-thinking organizations so as to build lasting relationships with game-changing startups.
By KHANG NINH- Translated by A.T