BLOCK71’s Global Startup Runway is a 12-month intensive equity-free incubation program designed to help the most promising Founders leverage BLOCK71 and its partners’ global network and expertise to take on uniquely Asian markets, and scale high-impact solutions to create value for society and industry. Wiziin collaborated with the program as a community partner.
They’re always excited to work with startups looking to scale high-impact solutions that address challenges and opportunities for Smart Environments, Future of Food, Health and Wellbeing, Industry 4.0 and/or Web3.
Join BLOCK71’s Global Startup Runway for privileged access and dedicated support to: ✅ Secure strategic grants and funding ✅ Land business deals and partnerships ✅ Develop defensible technology ✅ Expand and localize to new markets ✅ Scale sustainably for impact
Wiziin is in a long-term relationship together with BLOCK71 Saigon to bring the best support for Vietnam startups to grow and gain more traction to enter the global market. We believe these world-class programs can give much-needed resources to startups’ needs. Let’s catch the chance!
Be a part of this program’s next Cohort in Vietnam!
According to AlphaBeta’s data in the report “Unlocking Vietnam’s digital potential,” if fully utilized, digital transformation can bring an annual economic value up to VND 1,733 trillion (US$74 billion) for Vietnam by 2030. Knowing that situation, getting a tech program to Vietnam is one of Google’s priorities.
Google for Startups Startup Academy Vietnam, organized by Google and the National Innovation Center (NIC) – Ministry of Planning & Investment (MPI), is a five-day, intensive onsite Bootcamp for early-stage Vietnamese tech startups.
Wiziin collaborated with the program as a community partner. We believe this is the greatest chance for Vietnam Startup to go big, go global.
The program is designed to fast-track Vietnamese tech startups in education, retail, and healthcare by providing them access to the best of Google’s expertise, resources, and network.
Apply now if your startup wants to get to know best practices in design, product, and technology. people leadership and fundraising from Google’s experts, the ones behind many successful tech products we use daily.
Besides that, you will also have access to Google network of mentors who are successful entrepreneurs, industry experts, and experienced investors like Diệp Nguyễn (MoMo), Hùng Trần (Got It, Inc), Vy Lê (Do Ventures), Thạch Lê Anh (VSV), Đô Bùi (ThinkZone Ventures), etc.
The Academy will consist of two cohorts in 2022: Ho Chi Minh City cohort in October and Hanoi cohort in November
The program will be conducted in English (and when applicable, Vietnamese), and accepts applications from startups headquartered in Vietnam.
On June 22, 2022, Wiziin is honored to sign a memorandum of understanding (MoU) with CardinalRain – CardinalRain Inc. Representative, including Founder, Mr. CY Huang; Vice President, Ms. Nicole Chan; Director, Mr. Julian Su, InnoSquare Project Manager, Ms. Pham Thi Thoa, and InnoSquare project managers, Mr. Dang Thanh Chung and Mr. Nguyen Trung Quan. Representative Wiziin Inc. including, Founder and CEO, Mr. Nguyen Ngoc Tien; Head of Marketing Department, Ms. To Tam; Head of Operation Department, Ms. Lai Tram; Investment association, Mr. Nguyen Duy.
Founded in Taiwan, CardinalRain is an active accelerator program that has a strong strategic innovation ecosystem for startups, partnering with Amazon Web Services, New Taipei City Government, and FCC Partners which help Taiwan startups to scale up to other markets in South East Asia.
During the signing ceremony, the two sides emphasized the importance of the development vision to the international market for Startup Vietnam and Taiwan and expressed their desire and goal to create a startup ecosystem in the region of Asia Pacific. The two sides agreed in the coming time to continue to promote cooperation in knowledge sharing, expert connection, and investment opportunities on three main aspects including
Web 3.0 blockchain technology
CardinalRain’s founder, Mr. CY Huang shared, “The signing of the memorandum of understanding marks an important step in promoting cooperation between Taiwanese and Vietnamese startups, which promises to be a great future. bring more cooperation results in the future”.
The founder and CEO of Wiziin Inc., Mr. Nguyen Ngoc Tien shared that the two sides will gradually realize the set cooperation plans, and believe that the cooperation of the two sides will create great value for both sides for the startup communities in Vietnam and Taiwan.
After 2 successful seasons of Venture Makers and leaving many imprints, Western Sydney Vietnam’s incubator (Launch Pad VN) is back with the Venture Makers season 3 program, a playground that brings a lot of knowledge with many practical and attractive activities for students who have a passion and interest in entrepreneurship.
Wiziin is a companion partner with Launch Pad in the third season of Venture Makers program. This program provides opportunities for students to engage with innovation and entrepreneurship, along with a range of techniques and tools that have practical importance for their future careers.
After completing the course on entrepreneurship, students continue to build a Business Plan. Here, you are accompanied by Mentors from Wiziin and startups and large corporations.
Hot start-up ideas at Demo Day season 3
Finally, you participated in the Pitch Presentation with the participation of real investors in Vietnam to present their ideas and fundraising. It’s Venture Makers – Demo Day!
On Demo Day, students presented their projects in front of a panel of judges who are a well-known investment and startup experts in the industry. This is a valuable opportunity for students, not only to show their talents but also to receive a constructive evaluation of the project. Thereby, the project partners have grown during the process of joining Venture Makers.
Mr. Dang Nhut Thong – Co-founder and Chairman of Wiziin Inc. participated as the Jury of the program.
Wiziin is happy to be a partner and Mentor of the program. In the future, hopefully, Wiziin will continue to accompany the program in the upcoming season 4.
BLOCK71’S SE ASIA BOOSTER PROGRAMME 2022 COHORT 3 IS HERE.
SE Asia Booster is a structured immersion programme crafted to initiate Founders into BLOCK71’s Global Startup Runway Track. Through just the first 6 weeks with us, we empower you with the necessary skills and resources for:
Establishing a solid foundation of know-how to build a tech startup.
Scaling a tech startup effectively to tackle regional markets.
Securing connections with reputable VCs, corporates and governments across Asia.
Apply now if your startup:
Addresses challenges and opportunities in Smart Environments, Future of Food, Health & Wellbeing, Industry 4.0 and/or Web 3.0
Looking to scale across Southeast and East Asia in the next one year
Date: 21st Mar 2022.
Duration: 6 Weeks, consisting of weekly mentoring & workshops, Founders’ Circle events, as well as a showcase to a panel of Investors & Corporates on 29th Apr 2022.
Fees: Free for the first 3 months (2 passes ONLY)
Startups can apply here, and the applications will close on March 7, 2022, upon which, we will be selecting 10 Startups from the application pool.
WE’RE IN IT WITH YOU FOR THE LONG HAUL
During this journey, founders will receive mentorship and guidance from industry mentors and experienced entrepreneurs, connect with potential business partners, pitch in front of a panel of top-tier investors, and get plugged into a global community of Asian tech founders.
This is where the BLOCK71 Global Startup Runway begins.
The biggest annual event for innovative start-ups – The 7th National festival for innovative startups, TECHFEST VIETNAM 2021 was officially launched. More than 50 events will be held throughout the country from September to December on online platforms, promising to bring together innovative start-ups, support units, experts and investors in 16 technology fields/aspects related to innovative start-ups domestically as well as internationally.
TECHFEST 2021 is held with the theme Embracing Innovation – Reshaping The Future. In 2021, the Covid-19 pandemic continues to be extremely complicated which makes the start-up path even more difficult. Innovating, changing the way of living, working and interacting is no longer an option, but has become a must. This year, TECHFEST aims to promote technology solutions of innovative start-ups, an “open” innovation platform in solving society’s problems in the context of Covid-19 and recovering the post-Covid economy. It is about time when startups need to seize new opportunities to rise up, to “shape the future” through technology initiatives. At the same time, using intellectual power, innovation as the center to develop combined with the strength of national unity.
TECHFEST this year has launched the SMART CITY & PROPTECH VILLAGE. With the goal of forming an Innovation ecosystem in the field of real estate technology & smart cities, the Village has organized intensive activities gathering leading experts in the industry.
A ‘Green – Smart – Modern’ city with digital transformation as the foundation for development, innovation is an inevitable trend and priority of the country in the process of integrating into the digital era. SmartCity & Proptech Village within the framework of the Techfest 2021 project will be a place to support and spread community values, an incubator and support startups in smart cities and real estate technology according to the criteria “Green – Smart – Modern”
At the event series of the SMART CITY & PROPTECH VILLAGE, Wiziin accompanied the events:
Launching Event of SMART CITY & PROPTECH VILLAGE – TALK: INNOVATION IN THE FIELD OF SMART CITY & PROPTECH – WHAT WAY FOR STARTUPS?
Competition “Technology Solutions for Smart City and PropTech”
Mentor Talk Series – KEY FACTORS FOR ACCESSING INVESTORS
After TECHFEST 2021, Wiziin truly hopes to see more inventive Vietnam’s startups will be a part of this movement!
Following the talk series series organized by SmartCity & proptech Village organized by Techfest Vietnam 2021, the topic “Key factors to approach investors” will introduce common problems when raising capital of fledgling proptech startups. as well as give advice on overcoming barriers from this model.
The program is led by Ms. Minh Le – Co-Head of SmartCity & Proptech Village with the participation of Mr. Thong Dang, co-founder of the Wiziin platform.
Need to define a solution
In recent years, the digital technology platform in the real estate market is known more and more widely under the name proptech. It becomes an indispensable bridge between investors and suitable potential project funds.
It can be seen that in recent years proptech has “exploded” in Vietnam with a series of million-dollar contracts signed through this platform. Last June, Rever received an additional 4 million USD from Vinacapital Ventures. Real estate platform Propzy is planning to raise an additional $25 million in this year’s Series B funding round.
However, according to Mr. Thong Dang, co-founder of the Wiziin platform, Vietnam’s fledgling proptech startups miss many investment opportunities because they do not clearly define the solutions to bring to the market.
“If you create a product that the market already has, how will your product be different from what has come before? This is their biggest barrier,” Mr. Thong said.
According to experts, with the characteristics of the real estate market in Vietnam, there are many arising, which easily lead to legal problems and non-transparent transactions, the problem often posed for proptech startups is Accurate property valuation and management solutions. In addition, some potential solutions are also developing virtual home tours, ensuring the quality of transactions against the challenge of social distancing.
Process of approaching investors
Through organizations that connect investors like Wiziin, or competitions like Techfest, where young people find community groups and experts in the field, they will help them navigate the development model.
Particularly for a model like Wiziin, the team of advisors will help startups take the necessary preparation steps to successfully raise capital through 101 consultations. After that, Wiziin will make a list of potential investors. suitable for fundraising products to distribute documents. Investors with feedback will be selected and connected to the startup through separate channels to complete the next strategic development steps.
Steps to prepare necessary capital raising documents for startups
According to Mr. Thong Dang, in order to prepare a standard “pitch deck” fundraising application, young startups need to pay attention and prepare clear and accurate answers to the following questions:
What is your business model? What is the future rate of return? Note: Investors will only be interested if your model delivers “smashing” returns instead of 10-20% growth. What solution does your product bring to the market? Does it satisfy the needs of the market? Clarify what activities were done, how and for how long. What stages has your model gone through? Clarifying the current staffing team. Who is the leader? What is this person’s vision and strategy? What is the general financial picture for the next 1-3 years?
Notes for young startups
At the end of the sharing session, Mr. Thong Dang gave some notes to the startup community in general and proptech startups who are participating in the contest “INTELLIGENT CITY SOLUTIONS & REAL ESTATE TECHNOLOGY IN THE DIGITAL AGE”:
Firstly, the fundraising process needs 3-6 months to appraise the application, startups should prepare the work related to the paperwork in advance. For example, by the end of 2022 you will run out of the first runway, from June you should start preparing the necessary documents.
Secondly, for startups that are in the early stages, you should not look to crowdfunding because a decision must depend on a democratic process from shareholders, which takes time and reduce work productivity. Instead, the CEO or head should be the one making the decisions.
Third, if you are just forming with ideas, young people should not start raising capital but should choose to seek advice from expert advisors in the field of proptech. It will be better if you take the time to establish a clear legal team and company before going to meet investors.
About SmartCity & Proptech Village – Techfest Vietnam 2021
A ‘Green – Smart – Modern’ city with digital transformation as the foundation for development, innovation is an inevitable trend and priority of the country in the process of integrating into the digital era. SmartCity & Proptech Village within the framework of Techfest 2021 project will be a place to support and spread community values, an incubator and support startups in smart cities and real estate technology according criteria “Green – Smart – Modern”
Steps to register to attend Techfest 2021 – SmartCity & Proptech Village – Registration link: https://techfest.vn/hoat-dong/participation-cuoc-thi/ – Registration deadline: October 26, 2021
Candidates who register to attend prepare full information, including: – Full information about the project/entrant: Business name, Business age, Head office, Representative name- Title… – Project capacity profile
AI IS CHANGING MARKETING: SEE HOW THIS VIETNAM STARTUP BRINGS AI & BIG DATA INTO MEDIA PRODUCTION
Artificial intelligence (AI) is no doubt the current hot topic everywhere. The technology is leaving its footprint in almost every domain and marketing is no exception. We do know one Vietnam Startup is leaning into this hot area.
HMT – House of Media Production and Technologies is creating Dizim.ai, AI creative video generation & digital marketing platform applying AI, big data as well as creative media production expertise.
Starting with the passion of helping brands engage their customers by making inspiring stories and unforgettable customer experiences, Dizim.ai offers online businesses a streamless & easy-to-use experience, automatic digital marketing solution with affordable cost.
This new vetted startup is opening for the new round. If you are Seed Round Investor, register to see more information:
We’re excited to partner with HubSpot for Startups to offer their program designed specifically to help startups grow and scale better, and faster – at a startup-friendly cost!
What is the HubSpot for Startups Program?
EDUCATION RESOURCES AND TAILORED TRAINING Content, masterclasses, and 24/7 support to get your startup growing. From board deck templates to quick tips on customer acquisition, this content is made just for you. Plus, you’ll have access to world-class support from HubSpot experts and a startup-friendly onboarding experience.
PROFESSIONAL SOFTWARE, STARTUP PRICING Access to HubSpot Growth Platform, a full suite of software for marketing, sales, and customer service, with a completely free CRM at its core at a startup-friendly price, to help you grow and scale better. The software grows as you do, so you have access to in-person product training, too. All of this is up to 90% off.
INTEGRATED PLATFORM FOR STARTUPS Access to over 500+ software integrations, many at startup-friendly pricing, as well as the opportunity to build integration on the HubSpot platform.
Are you eligible?
If your startup is currently joining Wiziin Platform and meets the following funding criteria:
1. A startup with under $2 million in funding
Get up to 90% off HubSpot software in your first year, 50% off in your second, and 25% off ongoing.
2. A startup that has raised over $2 million in named funding up to and including Series A
Get up to 50% off in your first year, and 25% off ongoing.
***HubSpot for Startups pricing is applicable to net-new Professional or Enterprise level products. Starter level products are excluded, unless bundled with qualifying Professional or Enterprise purchases or upgrades. Customers may not apply the startup program pricing to existing subscriptions of any level.***
Redeeming these benefits
Fill in this form to apply via Wiziin referral, we will support eligible startups to the Program.
In the past few months, healthcare has endured at the top of mind for the whole country. The speed with which COVID-19 is spreading means the overloaded medical system, and traditional healthcare solutions are no longer working.
Vietnam’s pharmaceutical industry market is about 7.7 billion USD with 22,000 drugs. In 2021, the value of Vietnam’s pharmaceutical market reached VND 103,912 billion (+2% YoY).
As of 2021, the pharmaceutical production and business system comprise about 250 manufacturing plants, 200 import-export facilities, 4,300 wholesale agents, and more than 62,000 retail agents.
Chothuoctay e-commerce is a growing marketplace for retail and wholesale in the pharmaceutical industry founded in 2019. By helping users buy medical products on online local pharmacies, it aims to provide a solution that makes the medical product purchase process 10 times faster.
With a mission to help people buy medical products quickly and efficiently, ChoThuocTay’s e-commerce website has more than 600+ suppliers of pharmacies and clinics, together with +10,000 users on the platform and growing towards a great expectation.
Chothuoctay is available on Google Play, Apple App Store, and website which provides the marketplace to connect reputable pharmacies in Vietnam. The customers can:
Take a picture of the prescription and send it to the pharmacy
Video call with the pharmacist
Create a reminder to take medicine
Buy medicine online
Being a marketplace, ChoThuocTay aims to provide a solution that makes the medical product purchase process 10 times faster. The deal means ChoThuocTay will add another 18 months runway, 8x times existing revenues, 20x times its current client base. They are on the long-term goal to have 9000 local pharmacies in the next 4 years.
To become a part of their fundraising journey, join Wiziin as a Professional Investor to take a look at their campaign page by contacting us now via firstname.lastname@example.org or this page. The fundraising round’s expected to close at the end of December 2021. Contact us now to find out more!