The proposal on policies development for building up Vietnam - - PowerPoint PPT Presentation

1

The proposal on policies development for building up Vietnam National Startup Ecosystem

Phan Hoàng Lan National Agency for Technology Entrepreneurship and Commercialization Development (NATEC)

Startup Ecosystem

2

STARTUPS ECOSYSTEM

Gov. Policies VCF Startup Culture Human Resources Market Supportin g Agencies Startups

National Startup Ecosystem Support Project

• Develop official documents and policies

related to innovative startup ecosystem

• Build an online portal in order to provide

and centralize information and service for startup community.

• Raise people’s awareness about startups

and entrepreneurship by means

• f

communications and education.

3

• Connect Vietnam startup ecosystem with
• nes in the area and in the world.
• Cherry-pick

and invest in several supporting agencies for startups, such as business incubators/accelerators and/or co-working spaces.

• Encourage venture capital and venture

investment for startups.

• 1. Build an National online portal for startup communities

4

Online Portal for EU Startups

• Provide

information about technologies, inventions, standards, qualifications, etc. related to science and technology.

• Information
• f

human resources, investors, customers, markets, etc.

• Necessary

information for startups and database.

• Information of events, news,

policies for supporting startup activities.

• 2. Building a startup Complex (e.g: Block 71 Singapore)

5

Block71 Singapore

• Infrastructures for communities and startups,

internet service, etc.

• Provide services for startups.
• Co-working spaces for innovative startups.
• Meet-up and networking spaces for

entrepreneurs, investors, incubators, accelerators, etc.

• Spaces for events, mentoring and/or

coaching sessions.

• 3. National Events for startup and technology communities

(TECHFEST)

6

• Annual networking events for

startup and technology communities.

• Chance for connecting investor-

startup.

• Experience sharing,

mentor/coaching session.

• Government institutions

contribute partly to organize events, in terms of finance, human resource, …

TECHFEST 2015 – The numbers

• 50 investors
• Invest amount > 1M US$
• 50 innovative startups
• More than 1000 participants

7

• 4. Continue phase 2 of Vietnam Silicon Valley 2016 - 2020

8

Develop network of angel investors Develop network of Venture Capital Funds Develop incubating/accelerating programmes Startups

• 5. Capability Development and Training for Innovative Startups

9

Capability Development Grant – SPRING Singapore

• Mentoring/coaching sessions and

training for business incubators and accelerators.

• Inviting professionals and experts to

give talks.

• Provide capability development

services.

• 6. Develop infrastructures for Innovative startups

10

Co-working spaces Laboratory/Science Service Advance machinery tools (3D Printer, etc.) Technical resources (books, …)

• 7. Promote startup culture via means of communication

11

• Via television channel
• Via social media
• Via official media channels
• Raise awareness
• Promote showcase startups
• Provide information about

startups communities.

• 8. Enhance networking
• Arrange supports for in-the-country and out-
• f-the-country delegates.
• Network and support potential startups to be

coached in various hubs in the regions.

• Introduce and network customers and

markets.

• Support for visa and strengthen the links

between official Vietnam S&T Representative Office in foreign countries.

12

• 9. Encourage existed Funds for S&T development support startups

community

13

Support for startups

• 10. Research and suggest government policies for the promotion
• f Vietnam startup ecosystem
• Official recognition and registration for venture activity, venture capital funds and

venture investment.

• Developing policies for Government support initiative and follow-on private

investment for innovative startups.

• Developing policies for local government institutions promoting innovative

startup community.

• Introduce special tax incentives and financial benefit for startups.
• Develop supportive exiting strategy for investors, especially foreign investors.

14

Existing models

15

(2016 – now)

(1993 – 1998)

80M$ into VC Fund 20M$ direct to Startups

(2002 – now)

ACE Startups Grant Incubator Dev. Grant SSA Grant SPRING SEEDS Capital

Fund of Funds

(2013 – now)

Fund of Funds (2014: invest 658M$)

Grants – no equity

16

GRANTS

• S Factory: 14k US$/startup, 20-30 startups.
• Seed: 30k US$/startup, 80-100 startups.
• Scale: 86k US$/startup, 20-30 startups.
• Receive more than 3000 applications.
• Deliver funds to more than 1100 startups.
• Total value of startups through the programme

is more than 475M US$.

AFTER 5 YEARS

• Suitable for achieve the

critical mass of startups.

• Suitable

for immature startup ecosystem.

• Invest in startups in pre-

seed stages to develop commercialised products.

• Promote

startup spirit and culture.

Matching funding with Angel Investors/Startups

ACE Startups Grant

Match ratio 7:3 with startups (max 50k$)

17

Capability Development Grant (CDG)

Invest in capability development

• Accumulate the necessary

capital for startups in seed stage.

• Risk sharing with angel investors

and encourage angel investments.

• Enhance and strengthen

business linkages for startups.

• Develop critical mass of startups

as a potential market for business incubators/accelerators and/or VC funds.

Matching funds for business incubators/accelerators (BI/BA)

18

• 90k$ for each startups through 9

verified BI/BA, private investment range from 9k$ - 500k$

Incubator Development Programme

Match ratio 7:3 for mentorship programme, education activity of the BI

Sector Specific Accelerator Programme

Match ratio 1:1 for sector specific BA Total 70M$

• Chosen startups by verified BI/BA

are already being assessed for potential growth.

• Is a mechanism for developing

and expanding the activity of BI/BA as well as numbers of BI/BA in the ecosystem.

• Matching fund mechanism is a

leverage tool for BI/BA to elevate number of invested startups.

Matching funds with Venture Capital Funds (VCF)

19

SPRING SEEDS Capital

Match ratio 1:1 in deals by VCF, max 2M$/deal.

80M$, invest in 10 VCFs, matching 40%

amount.

• Reduce the risk of government’s

money.

• There is no need for assessment

panel in the GVCF, all assessments are done by VCFs.

• Matching fund mechanism is

suitable for leveraging the Government funding.

• Build trust for external VCFs

coming into the market.

• Return of investments by means
• f interests.

THANK YOU

20