the proposal on policies development for building up ... presentation - phan hoang lan.pdf · the...
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The proposal on policies development for building up Vietnam National Startup Ecosystem
Phan Hoàng LanNational Agency for Technology Entrepreneurship and Commercialization Development (NATEC)
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Startup Ecosystem
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STARTUPSECOSYSTEM
Gov. Policies
VCFStartupCulture
Human Resources
Market
Supporting Agencies
Startups
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National Startup Ecosystem Support Project
• Develop official documents and policiesrelated to innovative startup ecosystem
• Build an online portal in order to provideand centralize information and servicefor startup community.
• Raise people’s awareness about startupsand entrepreneurship by means ofcommunications and education.
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• Connect Vietnam startup ecosystem withones in the area and in the world.
• Cherry-pick and invest in severalsupporting agencies for startups, such asbusiness incubators/accelerators and/orco-working spaces.
• Encourage venture capital and ventureinvestment for startups.
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1. Build an National online portal for startup communities
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Online Portal for EU Startups
• Provide information abouttechnologies, inventions,standards, qualifications, etc.related to science andtechnology.
• Information of humanresources, investors,customers, markets, etc.
• Necessary information forstartups and database.
• Information of events, news,policies for supportingstartup activities.
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2. Building a startup Complex (e.g: Block 71 Singapore)
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Block71 Singapore
• Infrastructures for communities and startups,
internet service, etc.
• Provide services for startups.
• Co-working spaces for innovative startups.
• Meet-up and networking spaces for
entrepreneurs, investors, incubators,
accelerators, etc.
• Spaces for events, mentoring and/or
coaching sessions.
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3. National Events for startup and technology communities (TECHFEST)
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• Annual networking events for startup and technology communities.
• Chance for connecting investor-startup.
• Experience sharing, mentor/coaching session.
• Government institutions contribute partly to organize events, in terms of finance, human resource, …
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TECHFEST 2015 – The numbers
• 50 investors• Invest amount > 1M US$• 50 innovative startups• More than 1000 participants
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4. Continue phase 2 of Vietnam Silicon Valley 2016 - 2020
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Develop network of angel investors
Develop network of Venture Capital Funds
Develop incubating/accelerating
programmes
Startups
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5. Capability Development and Training for Innovative Startups
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Capability Development Grant –SPRING Singapore
• Mentoring/coaching sessions and
training for business incubators and
accelerators.
• Inviting professionals and experts to
give talks.
• Provide capability development
services.
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6. Develop infrastructures for Innovative startups
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Co-working spaces
Laboratory/Science Service
Advance machinery tools (3D Printer, etc.)
Technical resources (books, …)
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7. Promote startup culture via means of communication
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• Via television channel• Via social media• Via official media channels
• Raise awareness• Promote showcase startups• Provide information about
startups communities.
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8. Enhance networking
• Arrange supports for in-the-country and out-
of-the-country delegates.
• Network and support potential startups to be
coached in various hubs in the regions.
• Introduce and network customers and
markets.
• Support for visa and strengthen the links
between official Vietnam S&T Representative
Office in foreign countries.
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9. Encourage existed Funds for S&T development support startupscommunity
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Support for startups
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10. Research and suggest government policies for the promotion of Vietnam startup ecosystem
• Official recognition and registration for venture activity, venture capital funds and venture investment.
• Developing policies for Government support initiative and follow-on private investment for innovative startups.
• Developing policies for local government institutions promoting innovative startup community.
• Introduce special tax incentives and financial benefit for startups.
• Develop supportive exiting strategy for investors, especially foreign investors.
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Existing models
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(2016 – now)(1993 – 1998)
80M$ into VC Fund
20M$ direct to Startups
(2002 – now)
ACE Startups Grant
Incubator Dev. GrantSSA Grant
SPRING SEEDS Capital
Fund of Funds
(2013 – now)
Fund of Funds(2014: invest 658M$)
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Grants – no equity
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GRANTS
- S Factory: 14k US$/startup, 20-30 startups.- Seed: 30k US$/startup, 80-100 startups.- Scale: 86k US$/startup, 20-30 startups.
- Receive more than 3000 applications.- Deliver funds to more than 1100 startups.- Total value of startups through the programme is more than 475M US$.
AFTER 5 YEARS
- Suitable for achieve thecritical mass of startups.
- Suitable for immaturestartup ecosystem.
- Invest in startups in pre-seed stages to developcommercialised products.
- Promote startup spiritand culture.
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Matching funding with Angel Investors/Startups
ACE Startups GrantMatch ratio 7:3 with startups
(max 50k$)
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Capability Development Grant
(CDG)Invest in capability
development
• Accumulate the necessary capital for startups in seed stage.
• Risk sharing with angel investors and encourage angel investments.
• Enhance and strengthen business linkages for startups.
• Develop critical mass of startupsas a potential market for business incubators/accelerators and/or VC funds.
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Matching funds for business incubators/accelerators (BI/BA)
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- 90k$ for each startups through 9verified BI/BA, private investmentrange from 9k$ - 500k$
Incubator Development Programme
Match ratio 7:3 for mentorship programme, education activity of the BI
Sector Specific Accelerator Programme
Match ratio 1:1 for sector specific BATotal 70M$
- Chosen startups by verified BI/BA are already being assessed for potential growth.
- Is a mechanism for developing and expanding the activity of BI/BA as well as numbers of BI/BA in the ecosystem.
- Matching fund mechanism is a leverage tool for BI/BA to elevate number of invested startups.
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Matching funds with Venture Capital Funds (VCF)
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SPRING SEEDS Capital
Match ratio 1:1 in deals by VCF, max
2M$/deal.
80M$, invest in 10 VCFs, matching 40%
amount.
- Reduce the risk of government’s money.
- There is no need for assessment panel in the GVCF, all assessments are done by VCFs.
- Matching fund mechanism is suitable for leveraging the Government funding.
- Build trust for external VCFs coming into the market.
- Return of investments by means of interests.
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THANK YOU
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