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Us$ 1.1 Million Raised In Vintegration Startup Competition

Monday, 15/04/2024, 16:04 (GMT+7)

After four intense rounds and with over 600 registrations from 20 high schools nationwide, the Vintegration Startup Competition, hosted by Vinschool Ocean Park, has identified the top 7 teams with the most compelling fundraising presentations. Their projects swayed even the most demanding “Sharks” to invest 1.1 billion VND, providing operational, training, technology, and communication support.

During the fundraising round, participants presented detailed and persuasive business plans. Resembling authentic startups, participants demonstrated proactiveness in renegotiating costs, infrastructure investment, and equity distribution with experienced investors.

Following rigorous evaluation and careful deliberation by the jury, the top projects were identified:

First Prize: Sut Project, a sports field booking app launched by Vinschool Central Park, secured a 500 million VND investment for a 15% equity share, along with technology and communication support.

Second Prizes:

  • Healthy Cookies Project by Vinschool Imperia received a 600 million VND investment, accompanied by comprehensive support in training and operations.
  • ECO Green Plastic Project by Vinschool Central Park.

Impressive Prizes:

  • NOTÉ Ultra-light Headphone Project by Vinschool Ocean Park.
  • Knowledge Connection App Project by Pedagogical Practice High School, Can Tho University, and Dong Hoi High School (Quang Binh province).

Promising Prizes:

  • Open Reality Project by Vinschool Ocean Park.
  • Indian Mint Syrup Project by Thai Nguyen High School for the Gifted 

 

“I’ve had some really interesting discussions with students at the Foreign Trade University, sharing some great ideas from the Vintegration competition and learning a lot from their experiences. I truly believe this will give a big boost to entrepreneurship, showing that anyone, at any age, can succeed with enough passion and determination,” remarked Mr. Ngoc Son, a lecturer at the Foreign Trade University.

The first season of Vintegration has wrapped up, providing students with valuable chances to deepen their business knowledge, gain practical experience, and develop important skills needed to join Vietnam’s up-and-coming entrepreneurs.

Best wishes to the startups from season 1 as they continue with their current projects, and we’re excited to meet other startups in season 2 of Vintegration!”