CMC Investment Fund strengthens connections with Tech start-ups in Vietnam

The collaboration between BK Fund and CMC Technology Group and other significant entities like Austdoor Group and prominent venture capital funds such as BK Fund and Thinkzone has generated substantial interest among attendees. This interest revolves around technology investment success stories at major corporations like CMC, shedding light on the abundant financial and professional support available to startups and spinoffs in Vietnam's thriving startup ecosystem.

During the event, Mr. Nguyen Duy Viet, the Head of the Investment and Mergers and Acquisitions Department at CMC Technology Group, presented insights into startup investments in the information technology sector. He emphasized the advantages that BK Fund startups would gain through collaboration with CMC. CMC's global presence, with offices in nearly 30 countries worldwide, positions it as a formidable player in software exports to key markets in APAC, Japan, Korea, Europe, and the Americas. Mr. Nguyen Duy Viet also highlighted the invaluable resources of CMC's technical experts and the pioneering CMC Technology Research and Application Institute (ATI), a hub for the creation of innovative "Made In Vietnam" products.

Additionally, CMC's representative outlined the company's commitment to technology investment in fields like IoT, Cloud, Security, Big Data, AI, and Robotics. This commitment materialized in the establishment of the CMC Innovation Investment Fund (CMC Innovation Fund - CIF), following the Corporate Venture Capital (CVC) model. CIF anticipates an investment budget of approximately 100 billion for 2023. The fund will actively engage in fostering innovation within the CMC Group and invest externally in startups, contributing to the growth of Vietnam's startup ecosystem.

Looking ahead, BK Fund is gearing up for a renewed focus on biotechnology, chip design and development technology, and AI technology applied to education, the economy, and society. This strategic shift aligns with BK Fund's vision to make substantial contributions to the tech startup ecosystem and the development of the Polytechnic Student Network, in line with the goals of Hanoi University of Science and Technology.

Dr. Nguyen Quan, Former Minister of Science and Technology and Chairman of the Polytechnic CSV Network, shared the orientation of BK Fund for the upcoming period. Hanoi Polytechnic University, recognized as a global technology hub in the country, boasts a vast alumni network of over 200,000 individuals actively involved in various sectors of the economy and society. The Investor Congress of BK Fund has deliberated on the need to increase the fund's capital and extend invitations to both alumni and non-alumni investors. This collective effort aims to drive BK Fund's development and achieve the aspirations of all stakeholders.

Moreover, the BK Investor Network 2023 program provided a platform for attendees to explore cutting-edge technology products offered by startups. The event featured engaging presentations from five promising startup groups operating in the technology sector. Additionally, participants had the opportunity to partake in investment agreements and collaborate on research and technology development projects with various units and organizations.