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Monday, June 29, 2020

Applied-Science Start-up Will Be Supported A Billion VND

This is the support for Vietnamese young people having ideas and start-up projects that apply sciences and technology for producing and consuming agricultural products.

Centre of Ho Chi Minh Communist Youth Union (HCMCYU) coordinated with Business Studies & Assistance Center and Supporting & Development Center for Rural Youth to activate the Competition of Rural Youth’s Creative Start-up Project on June 15th.


In this competition, participants will show their ideas and start-up projects in several areas including horticulture, animal husbandry, fishery, forestry, conservation industry, processing, trade village, agricultural equipment, agricultural tourism, community tourism, and IT for producing and consuming agricultural products.


During participating, each project will have a coordination with online consultants and coaches for feedback until releasing a product to the market. Awarded projects will have opportunities to meet business enterprises and angel investors in agricultural area and be supported up-to-billion capital from the National Fund of Employment.


Mr. Nguyen Anh Tuan, the Permanent Secretary of HCMCYU stated that the new point of this year competition is that a project needs to be detailed, feasible and had product or trial production to release to the market. Therein, creative ones applying, having technology transfer, and exploiting indigenous resources are encouraged.


These projects will undergo 3 rounds: model supporting, completing & building project, and product releasing. The top 30 will have a chance to call investment capital and join the conference to discuss supporting policies in production.


This is the second season of this competition. Up to now, there have been 404 projects of participated rural youths. Many products have been built brands in the domestic and oversea markets such as “Nutrition snack from catfish” of Truong Le Huy Hoang (Dong Thap Province), “Coconut Nectar” of Pham Minh Tien (HCMC), and “Coconut lip balm having friendly-environmental wooden package” of Nguyen Thi Ngoc Nhu (Ben Tre Province).

Source: VNExpress


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