On May 21st 2019, Saobacdau Group & Innovation
Capital Management (ICM) announced to set up an innovative startup investment
fund for ICT sector with a total investment of VND 200 billion, to the goal of assisting
and sharing potential investment opportunities and bringing more resonant value
to the startup community.
The Fund is
focused on investing in the fields: information technology and
telecommunications; Cloud computing, Big data; Solutions for artificial
intelligence, community ecosystem, IOT and smart cities; Payment technology,
blockchain; Mobility. In addition, the Fund will aim to assist projects and enterprises
investing in financial restructuring, developing governance system, and enhancing
competitiveness through legally-permited investment forms. At the same time,
sharing potential investment opportunities to the investors to expand capital
size and bring resonant values to the startup community.
Along
with the establishment of innovative start-up fund for ICT sector, SaoBacDau
Group chose ICM as the management unit when the Fund was established.
Accordingly, ICM coordinated with SaoBacDau to participate in the Investment Evaluation
Council, investment management and implementation of incubation and startup
acceleration programs for projects invested by the Fund.
As shared by
Mr. Tran Anh Tuan - Chairman of the Board of Directors of SaoBacDau Group: The innovative start-up investment fund opened
up many potential cooperation opportunities for ICT start-up community with
domestic and foreign investors, effective support for Startup to improve
financial capacity, towards developing a strong start-up innovation ecosystem.
Along with the
strong development of innovative startup wave, the establishment of an
innovative start-up investment fund for ICT will contribute to creating an
effective and professional startup investment ecosystem, making effective and realizing
the leading aspiration on application trend, developing national technology,
and expanding to the Southeast Asia.