Vietnam Innovative Startups Accelerator (VIISA) commemorates one and a half years in action as well as the graduation of the Acceleration Program Batch 3 with the 3rd Investment Day on July 3rd, 2018. The 3 best startups in the Acceleration Program Batch 3 & 3 startups from the previous batch pitched successfully in this important day.
The event drew the attendance of over 100 prestigious investors, corporate partners, and mentors from Vietnam, Germany, Singapore Korea, Japan, etc. VIISA Investment Day is an opportunity for the startup community to meet up, discuss and seek opportunities to call from leading regional investors.
There are 22 startups VIISA graduates with a combined 800,000 USD fundraised, with average revenue growth of 10x (from the top 5 companies). VIISA has over 1300 business partners and more than 10,000 active users monthly from startups.
Mr. Tran Huu Duc, CEO of FPT Ventures & VIISA, concludes the event by setting out the challenge for VIISA moving forward, “Through 3 batches, we have found many talented founders and creative ideas. With the support from VIISA, the startups have had to undergo rigorous assignments, looking for ways to implement KPIs in 3 months to be present here on Investment Day! In the future, VIISA is committed to working together with the development of startups to help them achieve the best results in their business journey.”
The 3 best startups in the Acceleration Program Batch 3 in various fields such as smart farming, digital, software services, etc had a presentation on products and strategies to the investors in and outside the country to call for investment.
The first one is URBOX – Developing privileges program across all lifestyle angles digitally via the platform of e-vouchers and loyalty. UrBox.vn has signed contracts with more than 20 banks & companies to provide gifts for loyalty programs.
Second one is SMARTMEAL – Meal-plan delivery service that focuses on making healthy-eating easy and more accessible in Vietnam. SmartMeal offers more than 150,000 meals cooked with fresh food, guaranteed to be calorie-free.
AQUAGROWGREENS – easy-to-grow microgreens kit that turns anyone into a gardener + social media aspect. AquaGrowGreens has exported the first vegetable batch to Japan.
This Investment Day also witnessed the attendance and presentation of 3 portfolio companies from VIISA’s previous Batches, that already raised over US$800,000 in their previous rounds. The teams return to this Investment Day with the expectations of closing their upcoming round, in order to take their businesses to the regional and global stage. Among which, WisePass already expanded outside Vietnam, operating in 4 cities (Ho Chi Minh City, Hanoi, Bangkok, and Manila; targeting Jakarta next); they have also closed some significant partnerships with prominent partners such as Marriott Group, CGV, Starbucks, and Citibank. Wisepass has just been the partner of Citibank Thailand. Another company, CyHome, has developed partnerships with over 40 apartment complexes across Vietnam, serving over 2000 living units, and recently expanding their service platforms to Phnom Penh, Cambodia. Wefit maintains a 40% monthly sales growth. In addition, VIISA Investment Track has completed its direct investment in BASE.vn.
At the event, Mr. LE Hoang Anh, Chairman of VIISA proudly announces, “Few people would have believed we reached this stage in such a short time span. Our top 5 companies have seen 10x growth in sales, built up a network of 1300 business partners in 3 countries, and have over 10,000 active users a month. Wonderful results!”
Mr. Hieu Truong, CEO of UrBox said, “I’ve learned a lot from VIISA, such as methods of generating my ideas and innovations, finding the right customer, identifying and tracking the key metrics which are suitable for my business model, the most important thing is how to craft a compelling elevator pitch or story about what we are doing. VIISA for me really like a family and always accompanied UrBox. I am truly impressed by VIISA mentors and team members. I’m looking forward to the opportunity to continue working with VIISA in the next phase.”
Also in Investment Day, VIISA officially called for startups to participate in the Accelerator Program Batch 4 at VIISA at the website www.viisa.vn starting July 6, 2018. VIISA Accelerator Program Batch 4 is scheduled to begin in the fourth quarter of 2018.
|Benefit of startups joining VIISA|
The startups from Acceleration Program Batch 3 were invested US$15.000 cash and undisclosed amount of in-kind services, heavily involved in various activities, ranging from one-on-one sessions with seasonal investors, to dedicated workshops with experts in growth hacking, data analytics, and storytelling, including but not limited to mentors and partners from Vietnam and beyond. In addition, the startups each company were provided technical resources, office accommodation and accessed to world-class mentors and suitable investors. Investment Day is a chance for startups to demonstrate the skills they have been trained and to call for investment. Promising teams will also get up to $200,000 in further investment funding.
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