$14 million invested in start-ups at Techfest

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VIETNAM – Media OutReach – 9 December 2019 – Around US$14 million in investment
was pledged during the national innovative start-up day, Techfest 2019, in
Hạ Long City, Quảng Ninh Province.


A series of seminars were organised by 12 technology villages during the
three-day event.


The event attracted 250 foreign investors and experts, and nearly 300
start-ups, with the support of VinTech City, Vietcombank and several other


The first prize in the National Innovation Talent Contest for
Start-ups was awarded to MultiGlass, a start-up providing smart technology to
help people with disabilities use computers.


The smart communication device combines iris recognition
technology and Artificial Intelligence.

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MultiGlass will represent Việt Nam at the Start-up World Cup 2020 in San
Francisco, US.


At the Techfest closing ceremony on Friday, Deputy Minister of Science and
Technology Trần Văn Tùng said the ministry would continue to
assist the innovative start-up eco-system and support local eco-systems.


He highlighted the determination of ministries and sectors to create
favourable conditions through a legal framework for start-ups, incubators and
foreigners seeking investment opportunities in Việt Nam.

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The opinions given by domestic and foreign investors and experts at
Techfest would be studied to improve the start-up environment, he

$14 million invested in start-ups at Techfest

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