This year's Techfest Vietnam with the theme "Joining hands to develop Vietnam's innovative startup ecosystem" has received the participation and response of government leaders, leaders of state management agencies, corporations, enterprises, and large domestic and foreign investment funds. Vietnam's innovative startup ecosystem has basically passed the first stage, and is moving to the stage of expansion and connection with other innovative startup ecosystems in the world.
The event attracted more than 250 exhibition booths from innovative startups, businesses displaying local products, and from countries such as Korea, Singapore, Thailand, etc. These products and services also show a huge difference between small and medium enterprises and KNST organizations and individuals. The products and services at Techfest are all based on new technology and business models.
Investment matching activities, one of the important contents, took place continuously throughout the event, attracting the attention and participation of many investors and startups. The total number of in-depth connections was 50 sessions, and there were still more connections after the event, with the total amount of interested investment up to 14.5 million USD.
The national creative startup competition takes place throughout the year, attracting 500 applications from provinces and cities across the country, along with nominations from more than 18 creative startup communities in the technology fields at Techfest 2024 and from provincial startup competitions. Accompanying the competition throughout the competition are more than 150 experts, partners, investment funds, and experienced technology consultants in many industries and fields. From there, the best startups were selected to participate in the final round.
Accompanying Techfest 2024 are the sponsors: Truong Hai Group Joint Stock Company (Thaco), Military Industry - Telecommunications Group (Viettel), Vietnam National Petroleum Group (Petrolimex), and Hai Phong Telecommunications (VNPT).
At the closing ceremony, Deputy Minister of Science and Technology Hoang Minh emphasized: "The Ministry of Science and Technology highly appreciates the organization and activities at Techfest Vietnam 2024, especially the series of activities throughout the year in localities, including the People's Committee of Hai Phong city and organizations that have supported the creative startup movement".
The Vietnamese creative startup ecosystem has basically passed the first stage and is moving to the expansion stage, connecting with creative startup ecosystems in the region and the world. Therefore, the role, position, and status of localities are changing, especially the role of local authorities, the Government, and the participation of large enterprises.
The Ministry of Science and Technology is committed to continuing its mission of building and developing the national innovative startup ecosystem. The Ministry will coordinate with ministries, branches, localities and socio-political organizations, seriously absorb the instructions from the Government leaders to perfect the legal framework and support policies, creating favorable conditions for the activities of startups, investors, innovation support organizations, and international partners in seeking investment and business opportunities in Vietnam.
