CAN THO CITY DEPARTMENT OF SCIENCE AND TECHNOLOGY
Launching Ceremony of Fundgo Innovation Investment Fund
In the afternoon of March 21, 2022, Can Tho held the Launching Ceremony of FUNDGO Innovative Startup Investment Fund (FUNDGO). This is the first fund of Can Tho city as well as the Mekong Delta, operating with the goal of supporting, sponsoring, and investing in start-ups.

Overview of the ceremony

Attending the ceremony, there were leaders of Can Tho City Committee, leaders of departments and agencies, such as Mr. Nguyen Trung Nhan - Chairman of the Can Tho City Front, Mr. Huynh Hoang Men - Director of Can Tho City Department of Information and Communications, Mrs. Lu Thi Ngoc Anh - Secretary of Can Tho Youth Union, etc., together with companion units, businesses, individuals and newspapers and radio agencies interested in start-up activities.

Delegates attended the ceremony

The main content of the ceremony consists of 3 parts. Launching program of FUNDGO Innovative Startup Investment Fund and two signing ceremonies, including the signing ceremony of the program to support young creative start-ups between FUNDGO fund and Can Tho Youth Union and an investment signing ceremony with 7 units, respectively, are LIVETRADE Company, HanaGold Jewelry Joint Stock Company, Phu Sa Biochemistry One Member Limited Company, SAMAKI Joint Stock Company, Bitback, Bami Pawn Shop project, Hesman project.

Mr. Dinh Tuan Kiet spoke at the ceremony

Mr. Nguyen Ngoc Dung spoke at the ceremony

By the end of 2021, Can Tho City has about 628 businesses operating in the field of digital technology, helping to raise the overall domestic revenue of the industry to 4785 billion VND. This shows that Can Tho city is making new strides in the digital transformation process. In the spirit of the policy of Can Tho City People's Committee, the FUNDGO fund was born with the aspiration to be a financial launch pad, to support pioneering and qualified young businesses to participate in the digital transformation process of the area.

With the spirit of incubation and long-term investment in startups and small and medium-sized enterprises with high innovation and creativity, FUNDGO will diversify its investment portfolio into food chain business models, agricultural production, health care, educational technologies, financial technologies, medical technologies, communication technologies, and marketing. In particular, the Fund always encourages businesses with good technology orientation, such as applications on Mobile, Internet platforms or potential agricultural technology applications in the Vietnamese market and other countries with similar conditions in the world.

In addition, the FUNDGO Fund also has priority mechanisms for businesses that support or belong to key economic sectors for the city, businesses that apply high technologies in production, and practical and highly commercialized inventions... initiated by scientists, lecturers, students of universities in Can Tho City. Thereby, the mechanisms and vision of FUNDGO have great significance for the development of Can Tho City.

Investment signing ceremony with units

With an extensive network of credit relationships and strong potential from partners, FUNDGO has many advantages in accessing investment opportunities. Hopefully in the future, FUNDGO Fund will become an incubator for young businesses, helping businesses have better orientations and contributing to Can Tho's more sustainable development.

This event is an opportunity for young people who have ideas to start a business, innovate in business and promote digital transformation among youth union members following the general trend of the city. This is also a condition and opportunity for young people to access capital sources and support start-ups, helping young people to "start their business with peace of mind."

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CAN THO CITY DEPARTMENT OF SCIENCE AND TECHNOLOGY

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