Sao Bac Dau established an innovative start-up fund for ICT sector

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.

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