Around US$14 million in investment was pledged during the national innovative startup day, Techfest 2019, in Hạ Long City in Vietnam.
Twelve technology villages organised a series of seminars during the three-day event.
The event attracted 250 foreign investors and experts, and nearly 300 startups, with the support of VinTech City, Vietcombank and several other donors.
MultiGlass, a startup providing smart technology to help people with disabilities use computers, won the first prize in the National Innovation Talent Contest for Start-ups. The device features iris recognition technology and Artificial Intelligence.
MultiGlass will represent Vietnam at the Start-up World Cup 2020 in San Francisco in the US.
Also Read: Interloan receives US$500K investment to provide unsecured loans to working professionals in Vietnam
At the Techfest closing ceremony on Friday, Deputy Minister of Science and Technology Trần Văn Tùng said the ministry would continue to assist the innovative startup eco-system and support local eco-systems.
He highlighted the determination of ministries and sectors to create favourable conditions through a legal framework for startups, incubators and foreigners seeking investment opportunities in Vietnam.
The opinions given by domestic and foreign investors and experts at Techfest would be studied to improve the startup environment, he said.
The post Startups bag a total of US$14M investments at Techfest Vietnam appeared first on e27.