3 projects participating in Nghe An Innovation and Startup Talent Competition successfully raised 50,000 USD from funds and investors

Thanh Duy• DNUM_BEZBAZCACD 09:50

(Baonghean.vn) - On the evening of October 13, at the Award Ceremony of the Contest "Searching for Innovative Startup Talents in Nghe An Open 2023", investors and investment funds made investment commitments to startups.

Provincial leaders visited the booth displaying products of innovative start-up projects that have successfully raised capital from investment funds and investors. Photo: Thanh Duy

Accordingly, the Handmade Candle Project by author Nguyen Hong Phuc received a commitment of 20,000 USD from ABT Trading Joint Stock Company; the AiWow Project - a virtual MC creation platform by author Nguyen Le Trung Kien received a commitment of 20,000 USD and the "Lau Then Pha" bamboo tube wine production and trading project by author Luong Thi Huong received a commitment of 10,000 USD, all from the Song Lam Startup Incubator.

Investors give investment commitment to Handmade Candle Project of author Nguyen Hong Phuc. Photo: Thanh Duy

The contest "Searching for innovative startup talents in Nghe An 2023" with the theme "Connecting Founders" has received more than 120 applications from organizations and individuals across the country; of which, 113 applications were registered online, after more than 9 months of launching.

The Organizing Committee has selected nearly 60 projects that fully meet the application documents. After the qualifying round, training round and project completion consultation, the Organizing Committee has selected 20 most potential projects to enter the final round of the competition.

Leaders of the Song Lam Startup Incubator Fund presented investment commitments to the AiWow Project - a virtual MC creation platform and the "Lau Then Pha" bamboo wine production and trading project. Photo: Thanh Duy

The Organizing Committee awarded 10 prizes to potential startup projects. Of which, there was 1 First Prize with a prize of 40 million VND; 2 Second Prizes with a prize of 32 million VND/prize; 3 Third Prizes with a prize of 24 million VND/prize. 4 Encouragement Prizes with a prize of 8 million VND/prize.

The Top 3 of the "Nghe An Open Innovation and Startup Talent Search 2023" Contest will go straight to the project appraisal round of VSV-Nghe An Investment Fund with an investment offer of 40,000 USD.

LIST OF AWARD-WINNING PROJECTS OF THE "Nghe An Open Innovation and Entrepreneurship Talent Search 2023"