In 2015, Vietnam recorded a 6.68 percent GDP growth – the fastest economic growth it has experienced in the last 5 years and the fastest growing economy in Southeast Asia. The booming economy has allowed Vietnam’s startup ecosystem to flourish over the last few years.
Here is a list of incubators in Vietnam that can help startups and investors looking to get connected with the Vietnamese startup community.
- Vietnam Silicon Valley Project
Led by the Ministry of Science and Technology and the Vietnamese Government, the project provides an opportunity for startups (be it those still in the planning stage or those who already received investment) to go through a 4-month long intensive programme guided by local and international mentors.
Location: Hanoi & Ho Chi Minh City
Website: http://www.siliconvalley.com.vn/
- Hatch!
Hatch! provides a vast resource for entrepreneurs in Vietnam through its focus on ecosystem building, co-working spaces and incubation programs. Hatch!’s 4-month intensive incubation program is focused towards early-stage startups that provide products or services in information technology and science.
Location: Hanoi
Website: http://www.hatch.vn/
- Founder’s Institute
With branches located in many major cities across the world, Founder’s Institute is one of the leading startup launch programs for aspiring entrepreneurs. Founder’s Institute provides a 15-week program where startups are guided by other startup mentors who have achieved success in Vietnam.
Location: Hanoi & Ho Chi Minh City
Website: http://fi.co/
- X-Incubator
Unlike other traditional incubator programs, X-Incubator puts forth an interesting approach. Potential startups are provided with an investment of just $15. Apart from that, X-Incubator provides resources and connections in order for the startup to successfully launch. The program last for 3 months.
Location: Hanoi
Website: http://x-incubator.org/
- Vuon Uom Vat Gia
Startups will have the opportunity to be financed by Vat Gia, one of the largest e-commerce companies in Vietnam. Up to $1 million is up for grabs for promising startups who sign up with their incubator program. Currently, the program duration is not fixed and is dependent on the progress of the startups.
Location: Hanoi & Ho Chi Minh City
Website: http://vividigital.vn/
- Hub.IT
Beginning as a provider of co-working spaces, Hub.IT currently provides incubator programs for budding entrepreneurs. The program focuses on providing resources and support for startups in terms of business modelling and market penetration. The program currently last for six months.
Location: Hanoi
Website: http://www.hubitasia.com/
- 5Desire
5Desire is a incubator and consulting firm in Vietnam that aims to accelerate the development of startups within Vietnam that are focused in the communication technology sector in Southeast Asia. The incubation program provides a host of resources and services for startups, such as coaching and consultation on business strategy and product development.
Location: Hanoi
Website: http://5desire.com/
- Egg Agency
Egg Agency is a digital marketing company that also provides an accelerator program for startups looking into tapping the potential of the Vietnamese market. The program provides startups with mentorship opportunities and facilities such as pool, spa and gym access.
Location: Ho Chi Minh City
Website: http://egg.sg/
- PVNI
PVNI provides funding and consultation and mentorship opportunities for budding startups that are focused in areas such as social media, education and cloud computing. The program provides between US$2000 to US$7000 for the ideation stage, US$20 000 to US$45 000 at the seed stage and up to US$250 000 for the Series A stage.
Location: Ho Chi Minh City
Website: http://www.pvni.vn/
- IDG Ventures Vietnam
With more than $100 million under its management, IDG Ventures Vietnam is touted as the first technology venture capital fund in Vietnam. The company focuses on startups that specialises in consumer technology, media and ICT sectors. IDG Ventures Vietnam provides strategic guidance and marketing & recruitment support for potential startups.
Location: Hanoi & Ho Chi Minh City
Website: http://idgvv.com.vn/en/