The contest, which runs through August 2017, isco-held by the HCM City Youth Federation’s Business Startup Support Centre(BSSC), the HCM City Young Business People Association (YBA) and the municipalDepartment of Sciences and Technology.
It is divided into two categories, the first forpeople who have a startup idea but yet to establish business and the second forthose who have run businesses under five years.
Some 100 semi-finalists will go throughchallenges of writing their business plans, designing their trademarkrecognition tools or promoting their products and joining the Startup Exchange.The best 10 projects will compete in the finale for the championship.
The event aims to look for long-term startupmodels, thus proving startup is not a trend, but a race with consistency andrelentless efforts, said Truong Ly Hoang Phi, Director of the BSSC.
A series of events including programmes onsharing startup ideas, experience and skills will be held during the contest toconnect communities and startup ecosystem and help project planners seekpartners and co-founders.
Started in 2013, the Startup Wheel has drawnmore than 2,100 startup ideas, models and businesses, of which many projectshave obtained initial achievements, such as Cheap Tickets - website for sellingtickets online, Luckytel - intelligent queuing and Monkey in Black – creativecafé. - VNA