Batch 2 of Vietnam Innovative Startup Accelerator (VIISA) with 11 startups graduates today at Investment Day on 25 October 2017 at the Hard Rock Cafe in Ho Chi Minh City, with the presence of over 100 investors, corporate partners and mentors, both from Vietnam and abroad, such as Singapore, South Korea and the United States.
Over the last three months, the startups were mentored by prominent venture capitalists and entrepreneurs in the region. They worked hard to get their product-market fit right and prove that they have a scalable, repeatable business model. The teams got to work up close with investors such as Spiral Ventures (Japan), office hours mentorship with the Startup Ecosystem team from Amazon Web Services, the CFO of Microsoft Vietnam and the likes.
VIISA also saw batch 1 alumni Wisepass raise $400,000 in seed funding. VIISA also follow-on the round with a $100,000 investment.
VIISA invested US$30,000 ($15,000 cash and $15,000 in-kind) into each company and provides technical resources, office accommodation and access to more than 100+ world class mentors and investors. Promising teams will also get up to of $200,000 of follow-on funding.
VIISA’s batch 3 will start in January 2018.