Why did Grab choose Vietnam as the first market to launch Grab Ventures Ignite (GVI)? Chris Yeo, head of Grab Ventures Grab is Southeast Asia’s largest and most successful homegrown technology startup. Our growth story marks a time where tech ventures in Southeast Asia can rise and become global giants. Vietnam’s startup ecosystem is very well poised for digital disruption, and we believe that we are in a strong position to propel it to the next level through GVI. We want to pave the way for startups to grow and scale faster, playing our part in solving the country’s challenges of tomorrow, promoting innovation, and digitisation in the region. Vietnam has one area where it needs assistance – capability building. Therefore, Grab developed GVI as an accelerator programme customised for early-stage startups in Vietnam. All new firms are encouraged to apply for the programme from now until April 10. What are the strengths and weaknesses of Vietnamese startups? I am very bullish about Vietnamese startups. The first factor differentiating them from others is the deep engineering capability, which remains an early bottleneck for many companies to scale up. However, Vietnam’s strong engineering aptitude can be seen as a great advantage…. Read full this story
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