Launch of FundGo Startup & Innovation Fund

FundGo is the first fund in Can THo City and the Mekong Delta. The Fund operates based on the models of Investor Congress, Representative Board of the Fund,...

With the aim of long-term investment 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.

The Fund encourages technology-oriented businesses, including convenient mobile applications, technology initiatives supporting agricultural activities, and especially projects using blockchain technology with high practical application potential, accompanying and developing according to the policies of the Government and the State in the new era.

The launching ceremony of Fundgo Creative Startup Investment Fund took place on March 21, with the participation of more than 100 delegates who are leaders of departments and branches such as Mr. Nguyen Trung Nhan (Chairman of the Vietnam Fatherland Front Committee of Can Tho City), Mr. Huynh Hoang Men (Director of the Department of Information and Communications of Can Tho City), Ms. Lu Thi Ngoc Anh (Secretary of the Can Tho City Youth Union), representatives of university leaders such as Mr. Tran Thanh Danh - Vice Principal of FPT University Can Tho. In addition, the program was also broadcast live on the Facebook platform, attracting more than 11,000 views and nearly 7,000 likes and online interactions.

Sharing about the reasons for the establishment and the goals of the fund, Mr. Dinh Tuan Kiet - Chairman of Fundgo and Chairman of the Young Entrepreneurs Association of Can Tho City affirmed: "With the decision to establish and the commitments on resources and capital, Fundgo hopes to become a lever, promoting the creativity of the startup business community. The fund will help young businesses make faster and more solid progress, thereby contributing to the overall development of the city".

Mr. Nguyen Ngoc Dung – Chairman of Vietnam E-commerce Association (VECOM) expects that in the near future, Can Tho City will become the “technology capital” of the Mekong Delta region. Mr. Dung also said that Vietnam E-commerce Association will coordinate with the Women’s Union, City Youth Union, state management agencies and business communities to make Can Tho develop more strongly in the coming time.

Attending this launch event, Mr. Truong Gia Bao, Chairman of the Digital Transformation Alliance (DTS), assessed that the partnership between Fundgo and the DTS Digital Transformation Alliance will provide support for businesses on digital transformation solutions as well as identify new blockchain startup trends for startups.

At the launching ceremony, Fundgo signed investment agreements with 6 innovative startups, namely 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.

The final part of the program was the signing ceremony of cooperation and the announcement of the launch of the book project "Investing in digital assets: From roots to success" between 4 parties including Vietnam E-commerce Association (VECOM), Digital Transformation Alliance (DTS), ONUS Technology Joint Stock Company and IM Group Digital Transformation Academy under the witness of the leaders of TRUSTpay Joint Stock Company. Representatives of the units also had a short discussion on the achievements in digital transformation in Vietnam as well as the potential of digital assets.

Hoai Phuong