Kafnu Ho Chi Minh City Partners With 500 Startups Vietnam

Jointly hosted an exclusive event on the ‘Secrets to a Great Growth Funnel’

Ho Chi Minh City, 24 July 2019 – Kafnu Ho Chi Minh City teams up with 500 Startups Vietnam to support entrepreneurship in Vietnam. Under the partnership, Kafnu will be the venue sponsor for 500’s Silicon Valley-inspired, Saigon-based accelerator programme – the Saola Accelerator. To mark the start of the partnership, 500 Startups Vietnam and Kafnu Ho Chi Minh City hosted an exclusive event attended by more than 100 technology entrepreneurs on growth hacking and growth drivers for startups.

“The mission of 500 Startups is a great fit with Kafnu’s ethos, and we are proud to support their efforts to empower Vietnam’s startup ecosystem through their accelerator program,” said Chris Edwards, General Manager of Kafnu Ho Chi Minh City and Kafnu Hong Kong. “We feel privileged to be part of the success story of Vietnam’s budding entrepreneurs especially at this crucial and exciting stage of their development and look forward to growing with them.”

500 Startups Vietnam is a venture capital firm to invest in promising Vietnam-connected startups. The fund aims to invest in up to 100 Vietnam startups by 2020. The Saola Accelerator is 500’s latest step in its mission to back talented entrepreneurs all over the world, help them build companies at scale, and develop thriving ecosystems around the world. The Saola Accelerator aims to support three batches of Vietnam-connected startups with US$100,000 investment in each company in addition to programmatic support. The first batch has hosted 24 startup founders & core team members from 6 nationalities for more than 70 training sessions, workshops, and hands-on mentoring sessions.

“Beyond sharing growth know-how, Saola Accelerator aims to create a safe space for founders to ask questions and get support from experts who understand the struggle they are going through. Partnership with Kafnu as venue sponsor has enabled us to provide that safe space, providing us with top-quality facilities and round-the-clock support for various programme activities.” said Eddie Thai, General Partner of 500 Startups Vietnam. “We are delighted to be working with partners like Kafnu as we bring 500’s world-class accelerator curriculum and experts to Vietnam and back the very talented founders in this market.”

This week, Kafnu Ho Chi Minh City and 500 Startups Vietnam hosted ‘Secrets to a Great Growth Funnel’, an event to share some of the curriculum content and benefits provided by Saola Accelerator programme to the broader community. Over 100 programme participants, Kafnu members, and invited business founders based in Ho Chi Minh City attended the event. Featuring Saola Program Director and 500 Startups Partner, Saalim Chowdhury, the event focused on the core drivers that deliver growth to a startup and debunk the notion of growth hacking. A serial entrepreneur, Chowdhury has worked with over 250 startups from 25 countries over the last four years. Sharing his own experience, Chowdhury emphasized that growth is not a collection of tactics or short-cuts, but a mindset and a process based on constant experimentation. At the event, 500 Startups Vietnam also announced the second batch of Saola, to which startups can apply via http://bit.ly/500apply.

The partnership will see Kafnu Ho Chi Minh City and 500 Startups Vietnam jointly deliver more curated activities for Kafnu members in Ho Chi Minh City. Visit Kafnu Ho Chi Minh’s Facebook or https://500startups.com.vn/ for more information on upcoming events.