VIISA invests $60,000 in four startups

The Vietnam Innovative Startup Accelerator (VIISA) will invest $15,000 each across four startups after five month careful selection of over 100 startups in different fields, the accelerator announced on April 23.

Some startups are selected by VIISA (Photo: SGGP)
Some startups are selected by VIISA (Photo: SGGP)

Vietnam’s accelerator VIISA – a partnership between Dragon Capital, FPT Corporation and Hanwha Investment & Securities – has started investing $15,000 each across four startups.

Based on set standards including having a strong team to implement business ideas, technology ideas applied in reality, ability to expand business and and grow sustainably in future, four selected startups in the fields of agriculture, banking finance, digital tech and software service are eligible for a three-month training course.

In addition to $15, 000 cash, each startup receive accommodation, office and technique expenditure. Moreover, most potential startup will have a chance to get a maximum investment $200,000.

Not only receive financial assistance and facility, selected startups in VIISA’s training course will be trained important skills such as detecting and finding potential customers, calling for contribution and sale by leading enterprises and investors like FPT, Dragon Capital Group, Microsoft Vietnam.

Dr. Le Hoang Anh, chairman of VIISA said that VIISA’s new strategy in 2018 will separate training into two parts; one named Nurture and other Accelerate. Nurture program will be for fresh startups while Accelerate will be for older startups to help them grow more.

Thanks to VIISA’s training courses, several startups have grown quickly; for instance Wisepass and Wefit was successful in calling for contribution of over $600,000 and it is calling for the new contribution. Cyfeer and Ella study has grown in sale and the number of customers. The development of startups is clear evidence for VIISA’ efforts in pushing startups in Vietnam.

These startups in VIISA’s third Accelerate program will graduate in July, 2018 as per schedule. Four startups in the program comprise with it website on smart electronic gifts for individuals and enterprises ; Goalify Chat - a communication app for team work at; SmartMeal specializing in designing and providing balanced meals to help customers keep fit and good body ( its website; Aqua Grow Greens deigning and making products to grow vegetables as per Dutch and Japan’ technology ( its website

Established in January 2017, VIISA has attracted 400 startup participants so far and over 18 startups have been selected into its training courses.