At the press conference in Hà Nội yesterday, Vice President of the Việt Nam Youth Union Nguyễn Thị Thu Vân said the contest was part of the youth start-up scheme for 2019-22 to encourage the development of local tourism while generating interest in innovative solutions created by young people.
The 20 best individuals or groups selected for the semi-final round will receive consulting to complete their products in two weeks before submitting their entry to the organising board via a Youtube video. The five best initiatives will enter the finale on August 28 and 29.
The champion will receive VNĐ200 million (US$8,600) in cash and have a chance to study start-up models in Israel.
The organising board will present one second prize, one third prize, and two consolation prizes, worth VNĐ100 million, VNĐ50 million and VNĐ10 million, respectively. — VNS
