4 new seed-stage startups join DNES-launched incubation programme
The Da Nang Business Incubator (DNES) has launch the 10th three-month creative startup incubation programme with the participation of four new seed-stage startups projects, namely Beekids, Beestaff, Enzy and Heppi, with the target of helping them take off the ground.
In detail, Beekids is a technology solution that helps preschools manage and teach children in the classroom through an intuitive interaction. Beestaff serves as an automatic time and attendance software. Enzy is a safe-to-use alternative for seasoning powder. Heppi helps build corporate culture and enhance cohesion between businesses and their staff.
The time-efficient, cost-saving incubation programme aims to help startups perfect a viable business model, thereby increasing their growth opportunities and access to investment capital.
During the 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 ($3000), business registration service, IP and legal consulting services, attend such startup events as SURF and Techfest.
With regard to seed funding policies, DNES’s investment arm Flying Fish Investment (FFI) is ready to provide seed money to potential companies completing the programme.
FFI also assigns an annual average investment fund of 2 billion VND to Finc, with up to 500 million VND for each startup.
Since 2016, DNES has organised incubation courses with the participation of more than about 70 eligible startup projects. The selected startups are eligible for programmes focused on fundamentals such as product-market fit, go-to-market, HR/team and fundraising.
Also, a combined total of over 1.5 million US$ of investment capital has been raised for such elite projects as Datbike, Hekate, and Cashbag.
Besides, DNES has developed a network of many domestic and foreign partners that are forward-thinking organizations so as to build lasting relationships with game-changing startups.
In the 2021 - 2025 period, DNES will remain on its strong feet to develop towards a more sustainable direction, with the aim of supporting innovative startups with support service packages suitable for each stage of their development, in terms of incubation, consultancy, co-working spaces, business training, service provisions and event organising.
By L.P- Translated by A.T