Three projects participating in Techfest Nghe An Open 2023 successfully raise USD 50,000 from funds and investors

Thanh Duy• 17/10/2023 09:59

(Baonghean.vn) - On the evening of October 13th, at the award ceremony of Techfest Nghe An Open 2023, investors and funds pledged investments to the startups.

Provincial leaders visit the exhibition booths showcasing products of the innovative startups that successfully raise funds. Photo: Thanh Duy

Specifically, the Handmade Candle project by Nguyen Hong Phuc received a USD 20,000 investment commitment from ABT Trading Jsc.; The AiWow project - a virtual MC platform by Nguyen Le Trung Kien received a USD 20,000 investment commitment, and the production and business project of bamboo tube liquor "Lau Then Pha" by author Luong Thi Huong received a USD 10,000 investment commitment, both from the Song Lam Startup Incubator.

Investors present investment commitment to the Handmade candle project by Nguyen Hong Phuc. Photo: Thanh Duy

The Techfest Nghe An Open 2023 with the theme "Connecting Founders" received over 120 applications from organizations and individuals nationwide; among which, 113 applications were submitted online over a period of more than 9 months since its launch.

The Organizing Committee selected nearly 60 projects that met the complete application requirements. After the screening, training, and project improvement stages, the Organizing Committee selected the top 20 most promising projects to advance to the final round of the competition.

Leaders of the Song Lam Startup Incubator Fund presents investment commitment to the AiWow project - a virtual MC platform and the production and business project of bamboo tube liquor "Lau Then Pha". Photo: Thanh Duy

The Organizing Committee awarded 10 prizes to the most promising startup projects. Among them, there was one First Prize with a reward of VND 40 million; 2 Second Prizes with rewards of VND 32 million each; 3 Third Prizes with rewards of VND 24 million each. There were also 4 Encouragement Prizes with rewards of VND 8 million each.

The top 3 of the Techfest Nghe An Open 2023 directly entered the project evaluation round of the VSV-Nghe An Investment Fund with a proposed investment of USD 40,000.

LIST OF AWARDED PROJECTS IN THE TECHFEST NGHE AN OPEN 2023

The First Prize is awarded to the CP23 Smart Car Protection Equipment project by Le Tien Hieu. Photo: Thanh Duy

The Second Prizes are awarded to the Phuc An FARM project by author Nguyen Xuan Huy, and the AiWow project by author Nguyen Le Trung Kien. Photo: Thanh Duy

The Third Prizes are awarded to the KYODO FOODS project - Salt-cured food chain, by Nguyen Thi Hong Thuong; AN AN Clean Incense project - developing traditional herbal incense products, by Dang Huu Hung, and the Hippo Steam project, by Bui Thi Linh Trang. Photo: Thanh Duy

The Encouragement Prizes are awarded to the project to develop technology lines to complete the lotus industry value chain in Vietnam, by author Le Thi Tam; the "Flying over Nghe Land" project, by Le Thi Hai Phong; the production and business project of bamboo tube liquor "Lau Then Pha", by author Luong Thi Huong, and the Aquaculture model that circulates water and clean vegetables using Aquaponic technology project by Nguyen Van Đat. Photo: Thanh Duy