After 2 months of opening for application, VIISA received over 100 applications for the acceleration program. The total number of applications has increased by more than 20% compared to previous in-take. Also, for this latest batch of acceleration, VIISA applied a new methodology on the process of filtering and selecting startups. A minimum of 4 hours was spent for each startup which includes at least 2 face-to-face interviews with VIISA’s management team in order to get as much understanding as possible about their businesses.
VIISA announced 5 startups selected for its sixth batch of Acceleration Program
A short introduction of the 5 startups joining VIISA Acceleration Program Batch 6 in September 2019:
The VIISA Acceleration Program Batch 6 marks major upgrades of the program structure while maintaining the core factors which were long believed as VIISA’s most valuable value in accelerating startups’ growth.
The three-month program provides participating startups with investment in cash plus an undisclosed amount of supporting services such as co-working space, Amazon Web Services, HubSpot, Google Cloud, Mapbox, Zendesk,etc..
Startups pitching in Batch 6 Launch Party
Finally, startups that graduate from VIISA Acceleration Program will stand a chance to get a follow-on funding of up to $200,000 from VIISA Investment Track when they secure a new round of funding from other investors.
“Batch 6 marks our 3-year anniversary running acceleration program. We witness a better-structured curriculum and more refined content where founders and their businesses are the core focus of the program. This new approach has enabled us to support the right startups with appropriate growth stages. We truly aim to raise the bar of standard for our program management team one more time. Let’s all hope for another successful acceleration batch of VIISA.” said Mr. Hieu Vo, Program Director and Board Member of VIISA.
VIISA is expecting to showcase its Batch 6 startups in the signature Investment Day event which is scheduled for early December 2019. Investment Day will bring startup pitches from Batch 6 and some portfolio companies, presenting to more than 100 investors, mentors, corporate partners from all over the globe!
At the closing speech, Mr. Duc Tran, CEO of VIISA officially called for startups to participate in the Acceleration Program Batch 7 on VIISA’s website: www.viisa.vn. VIISA Acceleration Program Batch 7 is expected to launch in spring 2020.
Established in January 2017 by FPT Ventures and Dragon Capital, VIISA is an acceleration program and seed-stage fund that invests to build global-ready startups from Vietnam. After 5 batches, there have been 28 graduates with some highlighted names such as WeFit, UrBox, WisePass, Base.vn, VDes... which have created more than 350 jobs and raised a total committed US$5 million from other investors.
Trang Vu (Ms.)
Program Coordinator, VIISA
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