The FUNDGO Startup and Innovation Fund opened its office in Da Nang, called FUNDGO Danang, on Thursday.

FUNDGO is the Startup and Innovation Fund in Viet Nam with the mission of incubating and providing long-term funding for startup projects and innovative small and medium-sized businesses.

With a total investment capital of US$150 million and a large network of over 30 domestic and international investment funds, FUNDGO owns strong financial resources and the capability to partner with leading institutions in all fields, enabling businesses and projects to rapidly expand their markets. The Fund also has close cooperation relations with major agencies, departments, and training institutions in area and Viet Nam.

As for Da Nang, FUNDGO aims to incubate and facilitate potential startups in the city and neighbouring areas.

Within the framework of the event, FUNDGO Danang signed cooperation agreements with strategic partners such as Da Nang Business Incubator (DNES), the University of Technical Education - the University of Da Nang, and the FPT University Da Nang, to fulfill the commitment to promote innovation initiatives, develop the startup ecosystem and create sustainable values ​​for the community.

This is the 5^th office of FUNDGO Startup and Innovation Fund after Ha Ni, Ho Chi Minh City, Can Tho, and Australia.

Reporting by CHIEN THANG - Translating by M.DUNG, T.TUNG