10 million USD invested to Vietnam start-ups community

by VTV411 March 2016 Last updated at 10:20 AM

VTV.vn - 500 Startups, a leading capital seed fund from the US, has announced that they intend to launch a $10 million micro fund, investing solely in Vietnamese start-ups.

Specifically, the organisation plans to fund 100 to 150 start-up companies that have some connection to Vietnam, with checks ranging from $100,000 to $250,000.

A 500 Startups founder commented that Vietnam is a strong developing country with a lot of talent businessmen and engineers. Through this micro fund, the firm will continue its effort to educate founders and business people in order to grow a supportive tech ecosystem in the country.

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