Hanoi (VNA) – The fifth VietChallenge 2020- the global entrepreneurship competition for Vietnamese, was launched at a virtual ceremony in Hanoi on March 21.
The contest is jointly organised bythe Association of Vietnamese Students in the US,the Ho Chi Minh Communist Youth Union - Hanoichapter and the office of Project 844 of the Ministry of Science andTechnology.
Speaking at the launching ceremony,Tran Quang Hung, Vice Secretary of the Ho Chi Minh Communist Youth Union -Hanoi chapter said VietChallenge 2020 will witness new changes, including thedivision of startups into teams of different fields, a community fundingplatform for the first time in Vietnam, as well as the debut of a “startups arena100” and the Vietnam Startup Championship in the US.
The platform Jong Ventures will help startups directly get funding from thecommunity in a quickest manner, and open a new investment channel forindividuals and organisations in Vietnam.
Meanwhile, the “startups arena 100” will offer a chance for 100 best startups inVietnam to meet directly with representatives from domestic and international investmentfunds, startup incubators and investors.
A six-month-mentoring programme will alsobe available within the framework of the contest to provide financial support andexpertise advice for startups.
VietChallenge 2019 begins receivingapplications from March 21 via //vietchalenge.org/ or //jong.ventures/.A winning team will take 50,000 USD.
The final round of VietChallenge 2020 in Hanoi and the startups arena 100 arescheduled for August 28-29. The top teams at the final round will attend theVietnam Startups Championship in the US from October 21-26.
In the four previous editions, VietChallenge attracted more than 800 entries ofVietnamese from 21 nations.-VNA
A global entrepreneurship competition for Vietnamese (VietChallenge) took place recently with the final round held in Boston city, the US state of Massachusetts, on April 1.
Medlink – the supplier of a platform for direct connectivity among drug companies and pharmacies has won the first prize of VietChallenge 2019, an annual startup competition for Vietnamese entrepreneurs from all over the world.
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At the launching ceremony (Photo: VNA) 
