VietNamNet Bridge - For foreign investors, most Vietnamese startups copy foreign ideas and develop ideas locally. However, many Vietnamese startups are creative and have brought big money to their owners. According to Tech in Asia, there are about 1,500 operational startups in Vietnam. The figure, if compared with the population, is higher than Indonesia with 2,100 startups, China with 2,300 and India with 7,500. Reuters in April 2016 published an article commenting that most Vietnamese startups are in e-commerce and related fields. The e-commerce grew by 35 percent in 2015 to $4 billion which brought many opportunities. On Deal Street Asia, Jamie Camidge, a startup expert from Muru-D Center, commented that many Vietnamese startups simply copy successful business models in the world and develop models in Vietnam. The comments show foreigners’ outlook about the Vietnamese startup community: while the quantity is high, the quality isn’t. Vu Tuan Anh from Hoa Sen Group also … [Read more...] about Vietnamese startups – who are they?
Twenty-four innovative Vietnamese startups have graduated from the maiden Clean Tech Bootcamp, a World Bank-backed initiative to accelerate the growth of new green businesses in the Asia-Pacific region, the international financial institution announced Friday in a press release. The program, the first ever launched in Vietnam, is meant to help small- and medium-sized enterprises (SMEs) develop and bring to the market innovative clean-energy and energy-efficient solutions and adaptation technologies in the areas of transportation, agribusiness, and water management, the World Bank said on its website. … [Read more...] about 24 Vietnamese startups graduate from World Bank’s Clean Tech Bootcamp
Amazon.com Inc snapped up live-streaming gaming network Twitch Interactive for about $970 million in cash, reflecting Chief Executive Officer Jeff Bezos' resolve to transform Amazon into an Internet destination beyond its core retail operations. The move, announced by the two companies on Monday, is the largest deal in Amazon's 20-year history and will help the U.S. e-commerce company vie with Apple Inc and Google Inc in the fast-growing world of online gaming, which accounts for more than 75 percent of all mobile app sales. The acquisition involves some retention agreements that push the deal over $1 billion, a source close to the deal told Reuters. "Twitch will further push Amazon into the gaming community while also helping it with video and advertising," Macquarie Research analyst Ben Schachter said in a note. Twitch's format, which lets viewers message players and each other during live play, is garnering interest as one of the fastest-growing segments of digital video … [Read more...] about Amazon snaps up live video startup Twitch for $970 million
With an app, a game or a gadget, technology startups and major companies across all sectors are trying to tackle some of the thorniest problems in health and medicine. The Consumer Electronics Show is filled with new gadgets to monitor fitness, detect problems and find solutions to health issues ranging from obesity to diabetes to rare medical conditions. One trend is "gamification," which uses a model from the video game industry to offer points and rewards to boost health and reduce costs. At CES, the world's biggest technology show, UnitedHealthcare unveiled a joint effort with Konami Digital Entertainment to reduce childhood obesity through a new dance game that challenges youngsters while monitoring things like body mass index and caloric burn rate. The program "adds game mechanics and game psychology to make the experience more engaging and immersing," said Arianne Hoyland, game producer for the insurance giant. Hoyland said the company has other programs such … [Read more...] about ‘Digital heath’ movement in focus at tech show
The seven-storey building of the Ministry of Science and Technology’s National Agency for Science and Technology Information lies at the end of Hanoi’s Ly Thuong Kiet street looking shabby, in need of renovation after decades of neglect.However, on the building’s top floor sits a large incubator for those turning their novel ideas into brilliant business. The floor greets visitors with a banner reading “Welcome to the home of angels”, running along the upward staircase.Here you will find the base of Can Thi Thanh Hien’s startup enterprise. Hien, only 22, is the co-founder of Fresh Deli, a firm established in September 2016, operating with only five team members.Fresh Deli uses an app to connect itself with its customers and stay-at-home cooks for lunchtime meals.“We make different menus and send them to housewives, who in turn use fresh ingredients to cook homemade lunch meals according to the menus. Then our staff will deliver the portions … [Read more...] about Angels find their calling in tech startup incubator