FundGo Startup & Innovation Fund Was Launched in Can Tho City

On March 8, 2022, the FUNDGO Creative Startup Investment Fund (abbreviated as FUNDGO) was officially established. This is the first Fund of Can Tho City as well as the Mekong Delta established with the purpose of supporting, sponsoring and investing in startups.

By the end of 2021, there are about 628 businesses operating in the field of digital technology in Can Tho City, increasing the overall local revenue...

The launch ceremony of FundGo Startup & Innovation Fund welcomed Mr. Nguyen Trung Nhan - Chairman of VFF Committee of Can Tho City, Mr…

Speaking at the ceremony, Mr. Dinh Tuan Kiet - Chairman of FUNDGO Fund and Chairman of Can Tho City Young Entrepreneurs Association said that FUNDGO Investment Fund is the first Fund of Can Tho City as well as the Mekong Delta. The Fund is managed by TRUSTpay Joint Stock Company, formed with the purpose of supporting, sponsoring and investing in start-up businesses. FUNDGO operates on the model of Investor Congress, Fund Representative Board and Creative Startup Investment Fund Management Company.

“With the mission of nurturing and investing in startups and small and medium-sized enterprises with high innovation and creativity, FUNDGO will diversify its investment portfolio into business models of food chains, agricultural production, healthcare, education technology, financial technology, medical technology, media technology and marketing. In particular, the Fund always encourages businesses with good technology orientation such as applications on mobile platforms, the Internet or potential technology applications in agriculture in the Vietnamese market and countries with similar conditions in the world,” Mr. Kiet emphasized.

It is known that FUNDGO also has priority mechanisms for supporting enterprises or those belonging to the city's key economic sectors, enterprises applying high technology in production, practical inventions with high commercialization potential, etc. initiated by scientists, lecturers, students, and alumni of universities in Can Tho City. Thereby, FUNDGO's mechanisms and vision are of great significance for the development of Can Tho City.

Mr. Nguyen Ngoc Dung – Chairman of Vietnam E-commerce Association (VECOM) also expressed his joy at the establishment of FUNDGO. He also expected that in the near future, Tay Do will become the “technology capital” of the Mekong Delta, not inferior to Ho Chi Minh City and Hanoi.

“The Vietnam E-Commerce Association will coordinate with the Women's Union, the City Youth Union, state management agencies and business communities to make Can Tho develop more strongly in the coming time,” said Mr. Dung.

Within the framework of the ceremony, FUNDGO signed a cooperation agreement with Can Tho City Youth Union and signed an investment agreement with 6 other units, respectively HanaGold Gold and Gemstone Joint Stock Company, Phu Sa Biochemistry Company Limited, Samaki Power Joint Stock Company, Bitback project, Bami Pawn Shop project and Hesman project.

Also at the launching ceremony, the book project Investing in digital assets: “From roots to success” was officially announced. Five units including: Vietnam E-commerce Association (VECOM), Digital Transformation Alliance (DTS), TRUSTpay Joint Stock Company, ONUS Technology Joint Stock Company and IM Group Digital Transformation Academy signed a cooperation agreement.

Thanks to its extensive credit relationship network and strong potential from its partners, FUNDGO has many advantages in supporting young businesses to access investment opportunities. Hopefully, in the future, FUNDGO will become an incubator for startups, helping companies have better orientations and contributing to the sustainable development of Can Tho City.