Quest Ventures/ Saigon Innovation Hub

Quest Ventures

Quest Ventures is Enterprise Singapore’s Global Innovation Alliance (GIA) partner in Ho Chi Minh City, Vietnam.

It is a leading venture fund for companies that have scalability and replicability in large Internet communities. Established in 2011, Quest Ventures’ focus is on an overarching "digital commerce" strategy across Asia. They are one of the largest early-stage technology investors in artificial intelligence (AI), e-commerce and marketplaces, entertainment, finance, food, insurance, logistics, media, property, sports and the Islamic digital economy.

By the end of 2018, Quest Ventures’ portfolio of over 40 venture-backed companies operate in more than 150 cities across Asia, creating employment and advancement opportunities for more than 4,400 employees.

Saigon Innovation Hub

Saigon Innovation Hub (SIHUB) is Enterprise Singapore’s GIA partner in Ho Chi Minh City, Vietnam.

It is a government-backed agency under the Department of Science and Technology of Ho Chi Minh City. SIHUB focuses on supporting the entrepreneurship and innovation ecosystem in Ho Chi Minh City, with the aim of establishing the city as a leading startup and innovation hub in Southeast Asia.

Since its launch in 2016, SIHUB has supported more than 958 startup projects, 15 incubators, 100 startup consultants and 115 tertiary teachers.

SIHUB provides mentors and co-working spaces for incoming foreign startups and conducts workshops that acclimatises startups to the local environment.

Quest Ventures and SIHUB are partnering Enterprise Singapore to run a GIA Acceleration Programme to support Singapore-based technology startups and SMEs in entering Vietnam. The programme is curated for high-potential startups across all sectors and will include rigorous growth training, market immersion and ongoing mentorship.

GIA Acceleration Programme to Vietnam
 

Virtual programme

As a result of the situation brought about by COVID-19, the Vietnam GIA Acceleration Programme has been revised to the following:

  • Stage 1: Four-week virtual programme

    • This programme focuses on positioning startups for success in their cross-border expansion to Vietnam. Get access to four weeks of ‘Quest for Growth’ expert sharing and masterclasses, one-to-one mentor and business matching, Quest account manager check-ins and support, and networking.

    Upon completion of the program, participants will join Quest Ventures’ GIA Alumni Network.

  • Stage 2: Optional one-week in-market immersion to Ho Chi Minh City

    • Make further connections to potential customers and investors. You will have the opportunity to raise additional funding from investors during a pitch event in Vietnam as part of the optional in-market immersion trip.

    *subject to prevailing conditions & travel restrictions.

The total programme fees are $499 for Stage 1 and $1,101 for Stage 2.

For more programme information, dates and application deadlines, please visit: www.questventures.com/businesses/accelerate/vietnam-global-innovation.

Physical programme

The programme is split into three stages:

  • Stage 1: 2-weeks introductory sessions and online mentorship in Singapore

    • Selected Singapore-based technology startups and SMEs will be introduced to the Vietnam market and individually matched with a Vietnam mentor for customised business planning and advisory.

  • Stage 2: 1-week in-market programme in Ho Chi Minh City

    • Opportunities to network with partners from the private and public sectors for at least four days, and a Feedback Day where startups can pitch to local investors for strategic investments and gain market validation insights from experts from different industries.

  • Stage 3: Five-month on-demand support for expansion into Ho Chi Minh City

    • Participating startups have the option to access on-demand support provided by Quest Ventures and SIHUB for a period of five months following the in-market programme. This includes provision of co-working spaces, online guidance and on-site engagement to support the company’s continuous growth in Vietnam. Quest Ventures and SIHUB will work with the startups in an advisory capacity and connect startups with relevant third-party service providers, with a monthly check-in conducted by Quest Ventures.

Who can apply

Singapore-based technology startups and SMEs.

How to apply

Interested applicants can find out more information about the programme at Quest Ventures’ website, or contact the key personnel below.

LOCATION ADDRESS CONTACT DETAILS
Singapore 71 Ayer Rajah Crescent, #03-25
Singapore 139951 		Michelle Ng
E vgi@questventures.com
Service Offerings
 

Quest Ventures can connect Singapore SMEs and startups to professional service providers in the Vietnam ecosystem. These professional services include co-working spaces, corporate secretarial, accounting and legal services. Please reach out directly to vgi@questventures.com to find out more about their service offerings.

For more information about Quest Ventures and its programmes, please visit www.questventures.com.



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