NextTech unveils incubator fund with $1M investment per Startup

On March 18, 2024, NextTech Technology Group announced NextUp - a startup incubator and investment fund in the field of Vietnamese e-commerce. The NextUp startup training and acceleration program of the Next100 Investment Fund kicks off the 2024 season with a focus on startups that retail directly to consumers (D2C) through e-commerce, instead of just focusing on startups that sell goods directly to consumers (D2C) through e-commerce.

NextUp aims to incubate, support and invest in entrepreneurs who create and sell consumer products through direct online retail (D2C). Accordingly, every quarter, NextUp will search and select entrepreneurs with passion in the fields of consumer goods to provide the knowledge and skills of starting an online retail business through a training course - a 1-month session with leading experts in e-commerce.

At the end of each course, with the support of experienced mentors, accelerated startups will build and defend their business plans before an investment council headed by Shark Nguyen Hoa Binh and have the opportunity to be invested. The investment is up to 1 million USD per project.

In addition to capital and knowledge, startups participating in the program also receive support for facilities; the networks of relationships with supply chain and manufacturing; Optimal online marketing and communication program; Successful online sales operations and management formula; logistics and order fulfillment network.

In addition, NextUp also opens up opportunities to connect with a large network of investors, strategic partners and big brands, opening up opportunities for startups to expand production scale and improve product quality. Cooperation and sharing of experiences from successful people in similar fields will also help startups avoid mistakes and develop more sustainably.

NextTech representative said that NextUp 2024 will begin accepting registrations from startups and preliminaries from March 18 to April 12, 2024, starting the training course in May 2024 with a combined online and face-to-face format. Related startups can register at: https://next100.vc/contact/