The annual Startup Wheel competition has officially kicked off in Vietnam and other countries by the Business Startup Support Centre.

The competition is open to both local and international startups with no limit in ages, development stages.

The deadline for application is April 25 while the final round and awards ceremony will be held in Agust.

In addition, the total prize value for the Startup Wheel International Track is up to 200,000 USD with cash and other support services such as Co-working space, Legal advice, Consultation and business registration in Vietnam and so forth. Startups will also have the chance to get enlisted in BSSC’s portfolio to have private pitch for the next rounds of funding.

Startups will get through a 6-month qualification process to practice their pitch and prepare their innovative business model and solutions to connect with the startup ecosystems in Asia, expand their business into the Vietnam market, and especially, to match today’s global economic reality during the COVID-19 pandemic.

Following BSSC “More than 90 percent of startups fail after three years due to non-meeting market demand and lack of suitable co-founders, advisors and human resources.

The Startup Wheel 2020 is expected to be the ideal “laboratory” for startups to have innovative solutions”, it said.

Startup Day, a 2-day event that covers the final stage of Startup Wheel, is expected to attract more than 15,000 attendees, +500 top entrepreneurs and investors, and +200 exhibitors this year.

At the Startup Day event, startups have the opportunity to approach directly potential customers to verify their products/ services and get market insights in Asia, especially, the Vietnam market.

Until now, Startup Wheel has attracted 5,863 applications; more than 550 tech start-ups; 120,000 visits; garnered the attention of approximately 80 local media and supported fundraising of up to $30mil in disclosure.

☑️ Startup Wheel – one of the largest startup competitions in Asia is ready for international startups to explore market insights in Asia, especially, expand their business to Vietnam – one of the most fast-growing economic hubs in Southeast Asia.
☑️ The competition runs annually with a 6-month qualification process and is wrapped up with a 2-day event in Vietnam for pitching and exhibiting their products/services to +500 investors, VCs, and large corporations; +200 exhibitors; and 15,000 attendees from around the world
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 Application deadline: 25/04/2020
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