Start-up Of Covid-19: Model ‘burning Money’ Is No Longer Suitable

Instead of 'burning money' for startup in exchange for growth, investors choose more sustainable investment forms such as: building investment funds, inclusive nurseries with the goal of filling weaknesses And the lack of startup.0: 00/5: 27 nam nu southern as a webminar with the theme "Starting the crisis of Covid-19", a conference on the viet Solutions 2021 contest, to find the aisle for Enterprises started in the context of a pandemic, with the participation of many famous speakers. Transfer from 'burning money' to the new model in WebMinar, Mr. Tran Quang Hung - Deputy Secretary of Hanoi Delegation , Vinacapital Ventures representatives show data, half of the venture capitals into Vietnamese start-up businesses have lost in the past. The co-founder model of general working space Working Space Mr

. Hung said that the statue is taking place in this common workspace. "The model received investment and burning money was no longer suitable. The Founders can recognize it and find new opportunities, "said Tran Quang Hung - representing Vinacapital Ventures" I feel that almost half of the Startups at UP Co-Working Space are looking for another job, including Both startups are quite large
It was not necessarily due to the translation, but due to the investment recognition model and "burning money" was no longer suitable. The Founders can recognize it and find new opportunities, "Mr. Hung said. However, there are also positive signs in the field of digital conversion, with effective startups. Mr. Nguyen Hoang Tung - Founder VVN Who said, Covid-19 makes revenue declining and VVN who has redirected, from focusing on small customers, towards large and sustainable customers. "With more than 10 years of experience in AI and Computer Vision, we have many platforms available to serve development instead of researching, building from the beginning. Combined with large businesses, we can offer new products in accordance with the new demand of the market, "Mr. Tung share. In the number of large enterprises that VVN AI combined, Viettel is one for Special work
After winning the first prize at Viet Solutions' Precious Contest (Viettel Advanced Solution Track 2019) and becoming an important partner of Viettel in implementing a customer identification solution, VVN who "take off" right in the great Translation of Covid-19 in 2020.Vai of the outstanding start-up ecosystem in the translation is not a business opportunity to cooperate with a large corporation, which is supported with growth in epidemic with infrastructure and one The amount of huge customer base. In fact, finding a way to survive in the pandemic has been a "difficult problem", preparing the foundation for the "explosion". than. Therefore, finding competitions with the ecosystem to support good startups like Viet Solutions (model 3 "home": State, large corporation, startup) is a great opportunity. With the hands of management agencies (Ministry of Information and Communications) and "Cranes" (Viettel), Startup Vietnam will no longer suffer the scene "a market". In the view of investors, Mr. Tran Quang Hung said that Vinacapital Ventures has established a new investment fund to "pour" capital for startups. Funds will only focus on promoting new technologies instead of "burning money" to take growth. Besides, they are also willing to offset missing points, such as offices, technical assistance or relationships so that Startup can focus on product development. Dong Le Ba Tan - Deputy General Director Viettel Networks: "Viettel will make efforts to support the best products, which can lead the market. It is looking forward to creating our playgrounds ". Pre-general director Viettel Networks - Mr. Le Ba Tan also said that Viettel is investing 2 most modern IoT research rooms in Southeast Asia in Hanoi and Ho Chi Minh City . These research rooms will be ready for free support for start-up ideas that the Council appreciates the potential of applications, as well as the meaning of society and businesses. "These labs are equipped Top advanced technology in the field of IoT, Big Data, Cloud and AI and they are completely free. Like Viet Solutions model is going, we also have a team of ideas assessment. Viettel will facilitate unlimited ideas, products that are assessed potential, "Mr. Tan said and emphasized the importance of entering the substance in the construction of an income generation in Vietnam Tan Tan also shared more, Viettel is walking in the direction of opening. The construction of these labs is not only to grateful society but also because of Viettel itself. When solutions become valuable, Viettel will also have customers. Currently, the sharing and coordination between businesses head together or with Startup is becoming a trend and Viettel will pioneer in that trend. "Automation, robots in Vietnam, said much but real Not how much yet. Somewhere there are just small fire spots. We want to enter in essence, have a mansion

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