Sixth Vietnam Startup Wheel launched for entrepreneurs at all ages

According to the organising board, contestants can submit their startup ideas, products, services or technologies to the contest from now to the end of May. The final and awards ceremony will be held in August this year.

Truong Ly Hoang Phi, Director of the Ho Chi Minh City Business Startup Support Centre said that with the expansion of participants to all ages and all those residing in Vietnam instead of from 18-35 years old and Vietnamese citizens as previous, the contest aims to create an international environment for studying with the involvement of startups from all countries, thus helping domestic startups challenge themselves with competition from domestic and foreign rivals.

Phi said that in the past, the annual contest has been the largest playground for Vietnam’s startup community, while helping them conquer important targets in their development strategy, introduce their products to investors and commercialise their products. 

The contest aims to connect the startup ecosystem in the country, nurture startups and encourage the support of partners for young enterprises.

Meanwhile, Ngo Minh Hai, Deputy Secretary of the Ho Chi Minh Communist Youth Union’s municipal chapter and Vice President of the Vietnam Youth Federation of Ho Chi Minh City said one of the objectives of the contest is spreading the startup movement among youngsters.

Founded by Ho Chi Minh City Business Startup Support Centre and Young Businesspeople Association under the Vietnam Youth Federation of Ho Chi Minh City, Startup Wheel was first launched in 2013 and has become one of the biggest events for the startup community.

Last year, the contest drew more than 30,000 participants with 767 ideas and projects.