How to build a successful corporate accelerator & why we should do it during pandemic

Before 2010, the “corporate accelerator” term did not exist; however, eight years later, over 120 corporate accelerators had been run by my corporations. Some corporate accelerators have been very successful such as the Disney Accelerator, whose 2014 batch of startups were all able to either raise additional funding (up to a total of 104 million USD) or were acquired post-program. 

Therefore, many entrepreneurs are curious about what a corporate accelerator is and how to run it successfully. As a mentor/entrepreneur, I do my best to explain based on my experience and research.

 

Why do we need to run a corporate accelerator?

 

Before diving deeper into the corporate accelerator’s concept, let’s ask yourself why you should incorporate it into your company, especially amidst the COVID-19 Pandemic. Apparently, the COVID-19 outbreak stands as a test of business’s resilience towards shocks as well as uncertainty. Despite the negative impacts resulting from the outbreak, it does give us an opportunity to slow down for genuine reflection, and reevaluation of our system in the most objective ways. Hardly do we have enough time to recognize our drawbacks and be willing to improvise or learn novel things in the pre-pandemic period. Thus, this is an ideal time for us to focus on ourselves, our businesses and our lifelong pursuit of knowledge. “Fire proves gold, adversity proves men” – only in difficulty do our creativity fully unleash its potential. Rather than merely plan A, lockdown situations require businesses to come up with diverse alternatives, thinking differently then acting flexibly. No more hesitation, the COVID-19 ignites within us the reasons to adopt corporate accelerators for corporates’ better sustainability and innovation process. 

 

Concerning broader terms, corporate accelerators assist startups/corporates A.C.E speed and technology leverage in the long run:

  • A stands for  Accelerating key strategic projects innovatively
  • C  stands for Constructing internal capabilities for innovation in new situations
  • E stands for Experimental playground within organization’s framework and Entrepreneurial mindset

Given future benefits and promising capacities, the corporate accelerator program proves to be an answer to address the COVID-19 related dilemmas along with an open door to prolific development not only in the future but also in the present.

 

What is Accelerator?

For clarification, the term “Accelerator” is divided into two categories: Startups Accelerator and Corporate Accelerator. As defined by Hathaway (2016), Startups Accelerator is regarded as a cohort-based program with the primary purpose of supporting startups in accelerating their development and growth. Once engaged in the program, startups are offered with a package of benefits including mentorship, education, office space, networking , and access to full resources facilitating their growth. 

Figure 1: The Y-Combinator ( Deloitte Digital 2015)

 

On the other hand, the corporate accelerator focuses on acceleration programs sponsored by established firms, which initiates outside-in open innovation. Those initiatives seek to facilitate firms’ access to startups’ innovative ideas and mindsets (Chesbrough 2003; Weiblen and Chesbrough 2015). There also exists a difference between the objectives of two accelerator’s type. While the startup accelerator aims towards learning and experiences for potential startups leaders, corporate accelerators speed up commercialization of startup’s innovation. Therefore, the common traits of these accelerator programs differ in several aspects as shown in the comparison table:

 

Startups Accelerator  Corporate Accelerator
Application Competitive application process An open competitive application process 
Selection Focus on founding TEAMS Select a group of startups
Period Time-bound support
Operation Cohort or classes of Startups (not rolling acceptance) Significant investment ($25,000 on average) and small equity stake and end with demo day

 

Case study of Corporate Accelerator:

 

Orange ((Mahmoud-Jouini, Duvert & Esquirol 2018):

 

Considered as one of the world’s leading telecommunication operators, Orange holds a large stake in the Africa-Middle East region. Its R&D center is mainly located in France, along with eight others around the globe. In just three years, Orange has operated 12 corporate accelerators in 12 countries and worked with 227 startups, with an average of 5 or 6 startups per cohort. These substantial efforts lead to 26 partnerships accompanied with prolific sources of innovation. 

 

Before activating the program, Orange has set a clear objective in its direction which creates connections with each startup for product/service development or even solutions as value generation for Orange. Nevertheless, two main hindrances in accomplishing the set goal are startups attraction and access insurance to compulsory internal resources. Overall, the key main challenge can be solidified as differentiation achievement while keeping costs under control and minimizing disruptions to the corporate routines that generate current revenues.

 

Soon after problem identification, solutions are proposed to overcome these challenges. To stir the interests in startups, Orange has to committedly develop a specific process to serve relationship management between the corporation and the startups. In response to the shortage of resources, a differentiated value proposition is designed depended on the corporation’s specific resources and assets. Both attributes earn Orange the capabilities to leverage the firm’s resources at either local or global scale. 

 

IKEA (Stackpole 2021)): 

 

In the case of IKEA, one of the world’s most renowned retail brands, the change of digitalisation encounters the “challenge of remaining fundamentally the same company while doing almost everything differently” as stated by Barbara Martin Coppola, CDO at IKEA Retail (Stackpole 2021). Thanks to digital transformation, the ecommerce levels witnessed triple upsurge within 3 years. To turn IKEA’s stores into fulfilment centers, changes are compulsory for the goods flow, the supply mechanisms and the floorpans. IKEA takes digital transformation far beyond its technological usage, instead, Digital should be embedded in every aspect of IKEA, from making decisions to  managing the company. Equipped with digitalisation, IKEA proves better flexibility in time frame, effective data utilization and resilience towards COVID-19 pandemic’s uncertainties.

 

Relevance also stands as a need for IKEA as they try hard to evolve with the ever-changing needs of our customers. The process comprises assessing customers’ needs and adaption, adjusting business models which require considerable effort from many layers of the company. Significant increase in the strategy’s scope has been experienced due to the realization of comprehensive digital incorporation into everything. Despite the drastic modifications, IKEA’s DNA remains intact as the goal is solely “reinventing IKEA for the future”. Acknowledgement  of human-centric technology and culture appreciation allow IKEA to solve the equity and trust issues in the digital environment, especially for a company to be invited to people’s homes

How to build a successful corporate accelerator?

Every great success comes with careful preparation; thus it is a must for accelerators to be clear and well-prepared in the first place. Usually, 3-month-period presents as a sufficient amount of time for preparation with the following suggestions:

 

  •  Strategy agenda and Program Design

 

As mentioned in the case of Orange, Value proposition can be regarded as a tool attracting top Startups to participate in the program. The 4 most common compelling reasons are equity-free funding, industry-focused mentors, corporate resources, and customer base. From there, criterias or standards must be formed which take into consideration the type of industry, company maturity, valid customer profiles and class size. For instance, Johnson and Johnson’s (J&J) network of accelerators creates a global footprint to work with innovators across the industry. Their goal is “empowering innovators across a broad healthcare spectrum including pharmaceutical, medical device, consumer, and health tech sectors to create and accelerate the delivery of life-saving, life-enhancing health and wellness solutions to patients around the world.” This broad approach includes a series of venture accelerators and co-working incubation spaces designed to generate market intelligence.

 

At this stage, strategizers play an essential role in visionary and mission formation. They are the ones who help align the vision with the company’s current conditions, core values as well as objectives. Not only do they have to be well-aware of unexpected changes, but they also guard the company’s initiatives from antibodies or any arising problems. With a strong foundation and clear directions, the program will be closer to its success.

 

 

  • Clear challenges and Team formation

 

 

Application process should be well regulated with specific purposes and concrete agendas. First, the firm has to consider which type of application they desire to use: open public, internal or nomination together with constructing application questions and selection framework. Optimization of the selection process is recommended with 3Ns: Now – New – Next. Undeniably, it is exhaustively difficult to opt out the most appropriate startups among the sea. Therefore, your firm can rely on 3Ns for more concrete determination:

 

 

  • The Now – Startups that provide the service that we already provide, but in an innovative way (it’s better, cheaper, more efficient, or faster). 
  • The New – Startups that provide an additional service to what we already offer, such as additional features on a product. 
  • The Next – Companies that are leapfrogging business models and technologies, coming sometimes out of nowhere, and, in some cases, competing with or trying to replace.

 

 

Scouts would be the perfect human resource for your accelerator program. Any unknown problem or new problem discovery can be navigated by those people for future adjustments and improvement before launching officially. By human needs and behavior observation, insights together with logical evaluation are generated. Therefore, urgent dilemmas or any shortages in operation will be decisively recognized and prioritized to solve. More or less, your corporate accelerator program has its quality ensured with qualified team intakes and organizers.

Figure 3: Team selection (Bogaert 2019) 

 

  • Launching

 

 

Once you complete the 2 steps above, you are ready and fully equipped to activate your program. Depending on the different phases of the accelerator program, the curriculum and specific topics are emphasized. For better visualization, we will construct the program in accordance with timeline as figure below:

Figure 2: Curriculum Table (Founder Institute 2020)

 

This stage requires both designers and entrepreneurs in order to bring the program’s success. Designer characteristics must be found not only in the startups team but also from mentor sides. Among startups, they have to be proactive as experimenters who validate initial assumptions through prototypes and testing. Mentors are responsible for supporting the teams at this stage to avoid any misconceptions or distortions in evaluation. Another feature that must be possessed is catalysts – the ones who check on the availability of internal support and readiness of the platform. Concerning entrepreneurs, mentors earn more responsibilities in this context. Bringing people together to penetrate the concept into the market stands as primary duty at this stage. Nevertheless, the teams need to invest their energy in marketing the products/services to customers, connect and educate them to new segments, proving the commercialization of new inventions in pre-existed market environments. Without these efforts, hardly do the products/services prolong their development in the competitive market. 

 

In short, a corporate accelerator program may appear to consume lots of dedication and commitment not only from the team’s side but also the mentors’ aspects. Irrespective of the complicated process, the main and most crucial agenda is to help filter out the most applicable and optima business models to turn risks into opportunities. Consequently, the startups or corporates earn themselves growth capacities and sustainability in the future. Most importantly, restructuring and building core strengths permits corporations to stay resilient amidst headwinds. 

Inbox me for the inquiry

Reference:

 

5 CRITICAL QUESTIONS HELP STARTUP FOUNDERS CHOOSE THE MOST PROFITABLE AND SUSTAINABLE BUSINESS MODEL

To create a successful startup, the idea itself is not enough. Even the best idea will fade out by time. As reported by Bill Gross – an American investor, fund manager, and philanthropist, there are five elements which decide the success of the company: idea, team, business model, funding and timing. 

What is a business model? 

Michael Lewis – an American author and financial journalist has defined the term Business model as “All it really meant was how you planned to make money”. For example, the “business model” for Microsoft was to sell software for 120 bucks a pop that cost fifty cents to manufacture … The business model of most Internet companies was to attract huge crowds of people to a Web site, and then sell others the chance to advertise products to the crowds. It was still not clear that the model made sense.” 

The answer for these 5 crucial questions may help you get a better direction for you to turn the idea into helpful products for the customer, while creating profitable and sustainable business. 

1. Define target market

Before you kick start your business, it is necessary for you to challenge your assumption about your idea. This is the chance for you to test whether or not your idea is viable. Conducting market research is needed to examine if there are some needs of the customers that can satisfy your products or services. 

2. Make a list of your competitor 

The analysis is crucial to understand the competition extends beyond the existing rivals and will detect the risk of entering the market. In agreement with Michael E. Porter – an American academic known for his theories on economics, business strategy, and social causes, there are 5 forces that shape the industry competition: Threat of New Entrants, Bargaining Power of Buyers, Bargaining Power of Suppliers, Threat of Substitute Products or Services and Rivalry among existing Competitors. Awareness of the competition in the industry helps startups stake out a position which is more profitable and less vulnerable to attack.

3. Identify your ideal customers 

In order to build a solid foundation for your startup, it is necessary to identify your typical customer and tailor your marketing strategy accordingly. Thinking about who exactly you want to serve based on their demographic, psychological behavior, interests, their challenges and life-time goals. Once you have a clear customer profile, it is easier for you to define a suitable way to approach them. 


4. Visualize your revenue stream 

Exploring the possibility of the source of your revenue. Is there any different way for you to sell products? It is dangerous if your revenue stream only comes from one source. Creating the revenue stream helps you identify various sources from which business can earn money from in the long term.

5. Clarify the value that you bring to the market

You cannot serve what you do not have. That is the reason why you should be clear about the benefits of your product or service that add value to your customers life. You can think of how much value your products or services offer for the customers in their life. 

Customers are the lifeblood of every business, understanding their wants and needs will help you allocate effort and resources to satisfy them. 

If you are struggling with identifying the business model, here are some examples for you to have a look. 

 

  • Product/Service Model (Hook & Bait)

This model can be explained simply as creating whatever products or services and selling it through marketing channels. This model when executed correctly may give you a huge and sustainable return on your investment. 

The advantage of this business model is the flexibility because you have the freedom to design your product and then sell them as a physical or digital version.
However, the main drawback comes from the product creation process itself, it takes time, money and resources to build up this model. 

  • Ad-based model  

This business model requires you to have a large customer base or audience which means they have customer information about their habit, interest and behavior. These ad-base startups gain profit from advertising services that they offer for the company such as Facebook. 

 

  • Subscription-Based Model


    Instead of offering the products or services as one-off purchases, this business model can recurring revenue in forms of period (monthly, annual or life-time) payments. One of the prime examples for this business model is Netflix. Netflix provides customers with a high quality filming service to keep them continuously renew their subscription. 

 

  • On-demand


    This business model comes from the need for instant gratification in the world dominated by technological advancement. Customers can easily have all the information and purchase products within their fingerprints. 

Some of the great examples for this new business model are Grab and Airbnb. 

You can see that they offer customer on-demand which is very convenient by applying new technology in business operation activities. 

  • Maket Place 

The Market place business model provides a platform where buyers and sellers can engage with each other to make transactions. The market place company will handle their transaction and ensure personal security. They earn profits as commission for every transaction. 

The two most well-known examples for this type of business are eBay & Alibaba. 

  • Freemium


    This business model is a good way to approach the need of free products for the customers, while having some certain features for premium users only. Freemium startups allow customers to experience their products without any risk and then make a payment if they want to use more functions. 

Vimeo is an example of this business model. Vimeo allows you to make video freely, however they limit the amount of data which you can upload weekly. They provide 4 different payment plans to explain features usages such as: password protection, collaboration,… 

  • The Ecosystem 

Those who reach to the stage of a giant build their own ecosystem to support their customer better and create wider impact like Google, Amazon or Apple…

In conclusion, choosing which business model to adopt takes time and effort because it is the process. All you can do is to analyse and research carefully before making a decision. Hopefully this information may give you some hints for you to create a business model which helps you turn your idea into profit in a sustainable way.

Continuously improving ourselves is the only way

KEEP IT FOR MYSELF AND THOSE WHO NEED

Three stories to begin with:
1. Nokia refused Android
2. Yahoo refused Google
3. Kodak refused digital cameras

Lessons:
1. Take risks
2. Embrace change
3. If you refuse to change with time, you will be obsolete

Two more stories:
1. Facebook takes over WhatsApp and Instagram
2. Grab takes over Uber

Lessons:
1. Become so powerful that your competitors become your allies
2. Reach the top position and then eliminate the competition
3. Keep innovating

Two more stories:
1. Colonel Sanders founded KFC at the age of 65
2. Jack Ma, who couldn’t get a job at KFC, founded Alibaba, and retired at 55

Lessons:
1. Age is just a number
2. Only those who keep trying will succeed

Last but not the least:
Lamborghini was founded as a result of the revenge of a tractor owner who was insulted by Enzy Ferrari, the founder of Ferrari

Lessons:

Never underestimate anyone, ever!
✔️Just keep working hard
✔️ Invest your time wisely
✔️ Don’t be afraid to fail

… UPGRADE OURSELF CONTINUOUSLY

What should leaders keep in mind in the time of crisis to make an impact?

My keynote at RMIT Webinar: “Leadership Mindset In Difficult Times” on 20 May, 2020.

————————————————-

Hello everyone,

 

Thanks RMIT for inviting me to share with the young talents. 

I will start my sharing about mindset by telling 4 stories which reflect mindset messages.  

1. A choice is always available for you (Bế Thị Băng)

 

Born as a normal girl in the highland, she grows up like other normal kids. Then she got an accident. The container truck hit the back of her motorbike, the wheel clamped on the motorbike and her right leg and dragged her along the road. Waking up after surgery, Bang was shocked to learn that one of her legs had been cut. 

At that time, Bang was only 24 years old. Just got a job. The skype seems to fall in front of her eyes. 

Last year, she was the winner of crescent moon contest by her impressive dance performance. (You can watch here). What else can she do? She can swim and she is a dentist and married a German professor

Talking about her disadvantage, Bang expressed: “I tell myself that whether we are disabled or healthy, we have the right to equality and to live and be confident with ourselves.”

 Similarly, it’s not your fault if you were born poor or some accidents happen to your life or prone to mental illness. But it is your responsibility to figure out how to deal with your situation.

No one else can heal your emotional wounds but you. No one else can fix your toxic relationship with money but you. No one else can make you stop addicting to social media/phone but you. 

That isn’t to say you have to do it all by yourself. You should seek out help if you need  a coach/mentor and get financial help when your luck is down. But for better or worse, at the end of the day, it’s all on you.

 

2. No one will believe in you unless you do (Ritesh Agarwal)

Ritesh Agarwal was born in Rayagada, India – a city where most people  make no more than 10 dollars a day. He grew up very poor and he struggled for 18 years. He did not go to the university and he had no career according to his neighbor. At some point, he was kicked out of his own apartment with 50 cents in his banking account 

He knows that his life is hard and well aware of it. He did not chase money but try to solve the issue that made his life and other lives better. He observed that the hotel owner did not make a lot of money so he took the biggest risk of his life to promise to bring more customers to the hotel. Then he came to the hotel to change the lightbulb, bed and put water and painting to increase the standard of the hotel and then took pictures to put one on the internet and Change the name OyO hotel. Finally,  more customers came to the hotel and OyO became the largest hotel chain in the world 

He received a Thiel Fellowship that paid him $100,000 over two years to create a startup.

He raised $25 million (Rupees 150 crore) from San Francisco-based Greenoaks Capital and existing investors Sequoia, DSG Consumer Partners and LightSpeed Ventures. 

He became the youngest billionaire in India with a hard childhood thanks to an elegant solution to the problem with the guts and fortitude to build.

There are enough people who tell us that we are not good enough, why do we want to tell ourselves that negative thought?  Your thoughts are a catalyst for self-perpetuating cycles. What you think directly influences your feelings and behaviors . So if you think you’re a failure, you’ll feel like a failure. Then, you’ll act like a failure, which reinforces your belief that you must be a failure.

Listen to what you believe and do your best to bring solutions to the issues that you discover. 

Consistently learn and improve until you get it. When you can do it once, you can do it again and again. No one will believe in you unless you believe in yourself.

3. See the world as it is, not as you wish it would be (Boyan Slat)

Boyan Slat is a Dutch inventor and the CEO of The Ocean Cleanup.

In 2011, at the age of 16, while Slat dive in Greece, he found there were more plastic than fish in the ocean. Instead of complaining and being angry, he decided to devote a high school project for deeper investigation into ocean plastic pollution and why it was considered impossible to clean up. He later came up with the idea to build a passive system which uses the circulating ocean currents to his advantage. Then he presented at a TEDx talk in Delft in 2012.

Slat discontinued his aerospace engineering studies at TU Delft to devote his time to developing his idea. He founded The Ocean Cleanup in 2013, and shortly after, his TEDx talk went viral after being shared on several news websites.

Then he received all of the awards you can think of such as the Champions of the Earth award of the United Nations Environment Programme, Forbes “30 under 30” list In 2016, a Thiel Fellowship receiver, European of the Year,  Dutchman of the Year 2017.

 In 2018, Slat was awarded the Leonardo da Vinci International Art Award and Euronews award “European Entrepreneur of the Year”.

If he just showed his judgment on everyone else with rage  for throwing trash in the ocean—well, no one would have listened to him. Then the ocean will appear with more trash and plastic and other waste and hundreds of species in the ocean will disappear.

It is easy for us to judge, criticise and comment behind the screen with the air conditioner but it takes guts, hearts and brains to act like the problem solver.  

Action speaks louder than words and when you see the real ugly world as it is, not as you wish it would be, you come up with a solution which gradually influences others with the actions. 

4. Lead by example then people will follow

 

This is the last story that I want to share today. 

As an entrepreneur, I suffer a lot from Coronavirus pandemic. However, instead staying at home and crying, I chose to be different and meaningful to my life and others.

I want to build a stronger culture, improve myself and others who go with me as this pandemic is just one of the worst events that happens to our life and we have more unexpected events in life. 

I started a plank challenge in my company to encourage people to exercise and lose weight ;and daily meditation to help our team mind stronger and focus their concentration on things that matter the most. 

The Result was great, my team works better and faster online even though we suffer a lot from the beginning. I lost 5 kg and gained more muscles. At first, it is weird that my team will meditate with me in the morning, now that is the first thing they do in the morning with me.  

Secondly, when I saw the old man crying on the street with the lottery ticket. I feel really bad, I also want to help him and many miserable lives on the street But my resources and capacity are limited.  

Therefore, I want to initiate a project or platform that helps not only the youth but also the less fortunate one with automatic mechanisms. That’s why GIVE IT BACK was born to support the youth to accomplish more via mentoring 1 on 1 models as well as give a chance for them to give it back and share the difficulties with those less fortunate with their capacity. You can see the value cycle in this project and the youth know that they are lucky and impactful at the same time. 

I ,as a founder, invest my time and money to execute the project but mentors give their free valuable time to mentees. Mentees help the poor via their real action (money).

I can do nothing to support these people and be fine but I chose to act to help my people and the youth. Thanks to that, people follow me, support me and achieve more with me.

The question for you is what are you willing to suffer to make your life and other lives better?

Whether we like it or not, life is hard to predict and happen as we wish. What we can control is our thoughts and actions we have. Therefore, Choose wisely what mindset you should have and avoid 

 

I believe when life gives you lemons, you should make lemonade…and try to find someone whose life has given them vodka/whiskey, and then we can have a party.”

 

Thank you

WHY DO WE NEED TO BE RESILIENT TO LIVE A SUCCESSFUL LIFE?

The Slight Edge was a book given to me on the very first day of my career. It was a gift from my first boss which is why I appreciate it as much as I do. 

The core message is simple but meaningful and readers must know how to reflect upon it for themselves, otherwise The Slight Edge is in danger of becoming just another book on the shelf. 

THE SLIGHT EDGE PHILOSOPHY 

According to Jeff Olson, the edge is the “door” that determines whether or not you will be successful. The secret in being successful in life, says The Slight Edge, is the “Simple productive actions, repeated consistently over time that ultimately leads to success”.

The problem is that not many people continuously choose to take these actions, which are easy to do, as they are also activities that are easy to skip. This is the main reason that leads to the difference in 5% of successful people compared to 95% of failure.

IF THEY ARE SIMPLE, WHY DO PEOPLE FAILTO IMPLEMENT THEM?

It is simply because these small actions do not have an immediate effect on your life when you decide not to do them. 

We are living in the world of “on-demand” service of a 4.0 technology revolution, in which with just a click you can get whatever you want. We do not have to wait to get what we want. We tend to be less patient, we want to get to the result without making progress or efforts. This 4.0 lifestyle makes it easier to give up or stop doing something if it is not convenient for us to do. 

As Einstein’s Theory of General Relativity states, “the observed gravitational effect between masses results from their warping of spacetime.” If your daily choices are productive, it will help you move upward, so that your lifeline will be on the upper half (only 5% of people achieve this). Unless your line is downward and your position is at the lower part (95% fall into this category). 

WHAT MAKES OTHERS SUCCESSFUL IN LIFE? 

 

  • SELF-DISCIPLINE

 

Easy choices, hard life. Hard choices, easy life.

This is my favorite motivational quote by Jerzy Gregorek which clearly defines the philosophy of “The Slight Edge”. He subsequently won four World Weightlifting Championships. His journey towards his successful career was not easy, it took time and effort to overcome the “old” him from being a political refugee to the champion of World Weightlifting. 

This quote is not only true to weightlifting athletes but also applicable in every aspect of life. The only way for the weightlifting athletes to lift up the heavier weight is to constantly choose to push a little bit more weight than the last time. The progress leads you to the edge of “what you can’t do”. Taking a step far away from the “what you can do” edge by working harder and harder than what you did yesterday will benefit you in the long-run. “By making it harder for yourself today, you make it easier for yourself in the future.” This simple principle reminds you of the “heavyweight” of small decisions that we choose to do every day. 

 

  • “KEEP MOVING” SPIRIT 

 

Do you recognize that the word “extraordinary” is the combination of extra and ordinary? 

When ordinary people leave their comfort zone and continue practicing doing more and more (extra) simple things every day, at some point, they will become extraordinary. If we do not repeat the small actions such as daily workouts, we might stop ourselves and bounce back to the new comfort zone. When we feel like we have enough and no new challenges are taken, this results in procrastination.

 

  • REFLECT 

Not many people know how to truly reflect. You read, learn, listen… What’s next? 

If you do not spend time practicing and apply what you have read, learned and listened into actions, will this be your knowledge? 

If you just keep doing… What’s next? 

When you keep doing without looking back on what you have done, you don’t leave space to adjust and improve the process, you cannot increase your productivity.

You are working extremely hard just to live day by day… So what’s next? 

Without talking with your inner self, it is hard for you to realize the reason why you are doing what you are doing. Do you truly live or just simply survive? 

Daily reflection may help you explore your true self, empathise with yourself after every experience. Don’t stop moving forward by asking yourself: “what’s next?” Simply spend 1% of your 24 hours (15 minutes) to focus on reflection, you will be amazed. 

 

  • TIE YOURSELF TO THE GOALS 

 

After 10 years of working on my own business, startup and many projects, I have witnessed the change in young people. They are the next generation of leaders, but they do not have much of an environment to grow, to challenge their assumptions, to release their potential, to contribute to the development of our country. That is the reason why I want to give young people a chance to practice and to learn how amazing they are if they keep trying hard and consistently every day. 

During this time, I had a chance to hold a lecture at some universities and worked with many mentees. I have realized that IQ is not a strong measurement of one’s ability. My best mentee does not get a high score in school or achieve a high IQ score, most of them have the normal or even “not very special” in the beginning. But what makes them different? 

  • Self-discipline/ Resilience 

Most of my best mentees that I am extremely proud of, do not have a particularly special talent on the very first day. They are not confident in themselves. They do not know what they want, what their strengths are or what their weaknesses are. Whenever they are asked to give their opinion, they are shy and hesitate to give their ideas. The only thing inside them that makes me believe and become their mentor is their actions, not words. Day by day, they take actions to overcome their “not perfect” parts, they do not prevent themselves from exploring and learn more to make whatever difficulties become their strength. 

Their resilience ability ties to their passion and patience to achieve the long-run goal. Resilience is to choose to look forward, day by day, not only in weeks or months but in years, many years.  Resilient people see life as a marathon, they see what they are doing in the long run. To be resilient, they need to have the ability to deal with the problems and have the ability to stand up and start again after every failure.

 

  • GROWTH MINDSET 

 

This idea is generated by Carol Dweck – a researcher at Stanford University. People with a growth-mindset do not see themselves with a potential that can be explored and fostered. They are not afraid of failure, they keep their head high to move forward because they believe that their ability is just the starting point of their potential. That is the reason why life cannot knock them down easily. When life gives them lemons, they will sit down and make their own lemonade. They see whatever challenges that life gives as a gift to learn and to be a better version of themselves. Thus what we need to do is keep teaching our inner child to learn how to be more resilient every day.

It is important to keep in mind that your behavior comes from your attitude toward things. Every piece of advice will be meaningless with a fixed mindset, instead of a growth mindset. Because when you keep the fixed mindset, you will see that your ability cannot change and try to prove that you are right, instead of learning from mistakes.

Why do we need to hide our weaknesses instead of fixing them? 

Why do we have to maintain the relationship that we think will raise our self-esteem instead of spending time with people who challenge yourself? 

Why do we need to compare ourselves to others instead of developing their potential? 

The passion for developing yourself when you are not enough is the key to the growth mindset. That is how successful people think and spend their life.

2019 Vietnam startup investment look back

Just some of my random notes about world startup investment and Vietnam so please make sure that you double check when I use my article.

Six years ago, Aileen Lee – founder of Cowboy Venture created the term “Unicorn” to illustrate the start-up companies which have the value of over $1 billions. 

At this time there were not many companies which were worth a billion dollars. Thus “Unicorn” was the dream name for many start-up since this term was introduced. However, the industry landscape has changed dramatically. The world of venture capital has been blooming, there has been a huge amount of money invested in the start-up company. 

In recent years, the number of “Unicorn” has increased exponentially. Total investment in the unicorn companies is up to 1.1 thousand of dollars. 

 

An analysis about 326 unicorns in the world

  • Overview about “Unicorn” in 2019

According to CB Insights of Unicorn of Unicorn Tracker – the company does research about the unicorn according to their industry, valuation and country. 

ByteDance is currently the largest unicorn with the valuation of 75 billion dollars. The China-based company operates many products such as: Vigo, Toutiao, TopBuzz and more, but the most special raising platform which is currently used by many millennia’s: TikTok. ByteDance uses AI to adjust the content to fit with the customer behavior. 

Source: Pixabay

Expert estimates that in 2019, there are more than 100 unicorns will conduct IPO – (The Initial Public Offering), including Uber and AirBnb. Recently, Lyft and Pinterest have conducted IPO. Another Unicorn is Zoom Video – an online video call platform is also in the IPO process, with the stock price increasing at 120% since its impressive release in the middle of April. 

  • Unicorn start-up by industry 

Internet Software and Service and E-commerce are the most popular industries with many potential start-up. On-demand services such as Uber, Didi  Chuxing and DoorDash attract more investors to invest in this area. 

  • Unicorn start-up by geography 

Over a half of unicorns come from the USA, but China has many start-up companies which have high value. While most of the unicorns come from 6 countries: USA, China, UK, India, Germany and Korea, other countries in the world have 32 unicorns approximately 10% of total unicorn in the world.

  • Unicorn by the valuation
    Uber, Wework, AirBnB and ByteDance have the largest amount up to 30% of total unicorn worldwide.  

According to the pyramid, there are 280 unicorns at the bottom – unicorns which have value from 1-5 billion dollars. The sum of those are 461 billion dollars, as 43% of the total unicorns. 

  • Vietnam Startup Investment Overview vs world investment

In 2019, the amount of capital flowing into technology startups in Vietnam accounts for 18% of all of Southeast Asia, while that of Singapore is 17%. However, as a whole, the remaining startups only raised US $ 670M, much less than in 2018 (nearly US $ 890M). This fact shows that the start-up race has entered the stage of refinement, many emerging industries have also led to the recession of many old and expensive businesses of investors.

In January 2019, Momo successfully raised funds  in the Series C 100 USD from Warburg Pincus funding. Momo is the first payment-app with more than 12 million users in Vietnam. 

In January 2019, Lefair – an ecommerce site which sells boutiques, has called for $7 million in the Series B from GSShop and Belt Road Capital Management. This success has helped the company total investment round to 12M USD. However, they just announced to quit the Vietnam market on 2020.

In February 2019, Elsa has raised fund successfully $7M USD Series A from Gradient Ventures – the specialized fund for AI of Google. Now, the total investment for the company is $12M. 

In March 2019, Tiki raised $75M from NorthStar Group and are the top 2 players in the e-commerce Vietnam market. Tiki is on its way to focus on increasing its service quality and user experiences. 

In April 2019, Jio Health has raised $5M Series A from Monk’s Hill Venture. 

In May 2019, Uber has failed since its first stock issues, which causes the loss of $6.5B. 

In June 2019, Logivan – 4.0 logistic service, which connects the shipper and the empty returned truck nationwide, raised successfully $5.5M from Matrix Partners, David Su and Alpha JWC Ventures. 

In August 2019, Wework – the largest co-working space US-based, which has an unpredictable fate. Although Softbank has invested $10B in Wework, they have stopped working with each other. 

In August 2019, KiotViet – a start-up providing software solutions for POS managing, announced receiving $6M Series A from Jungle Venture.  

In September 2019, Compass – a real-estate buy and sell start losing its direction, although Softbank has invested $450M and later fundraising $775M.  

In October 2019, Scommerce – logistic provider with 4 business units: GHN Express, Ahamove, GHN Logistic and GIDO has received $100M from Temasek – Singapore government investment fund. 

In November 2019, Softbank poured $500M into Fair – a car leasing company which is revolutionizing the car-as-a-service concept. However, Fair has failed and cut 40% of employees in the not “Fair” way. 

Also in November, Sendo announced its raising fund successfully with total investment in Series C is $61M from EV Growth, Kasikornbank, SBI Group, BEENOS, SoftBank Ventures Asia, Daiwa PI Partners and Digital Garage. 

This month, Lozi has also raised $10M+ from Smilegate Korea. 

Vnlife – mother company of VNPAY has become the second unicorn in Vietnam after VNG with $300M investment of Softbank Vision Fund and GIC Singapore 

In December 2019, Telio – Vietnam’s first B2B platform has raised $25M Series A from Tiger Global, Sequoia India, GGV Capital, and RTP Global.

In January 2020, OYO – a hotel booking start-up received $1.5B from Softbank has lost 65000 rooms and cut off 3000 employees. 

The world 2019 economic climate has significant slowdown, however Vietnam’s economy is growing.

Vietnam economic growth is projected to decrease in 2020

Collected from many sources:  Jeff Desjardins, Visual Capitalist, WEF, May 2019, ESP Capital

DESIGN THINKING – PERFECT TOOL TO PUT YOUR PLAN INTO ACTIONS

Is your planning technique effective? 

 

Do you find yourself always exhausted, racing to meet your deadlines at the last minute? Do you plan your life carefully and keep track of time well, but still struggle to get your job done on time? Don’t be surprised if you are, because you are not the only person in this world who fell into the planning fallacy mindset without realizing it. 

 

The Planning Fallacy was first introduced by Daniel Kahneman and Amos Tversky in 1979. They proposed that human beings are not very good at estimating time, costs and risk to complete certain tasks, even if we have the right experience in doing such tasks. This results from only focusing on a prediction, based on specific elements of a plan, rather than the distributional data. This leads to tasks not being completed on time because the individual underestimates what is needed for the deadline to be met. Furthermore, we can be overly optimistic about ourselves, in that we believe that we have enough time to complete tasks. Consequently, this means that the individual makes excuses for poor time-keeping. 

Design thinking is one of the most effective ways in which a person can overcome this struggle in planning and executing what has been planned. Design thinking is a human-centric concept to help people design their own solution by digging into the root causes and solving them. It is time to spend your time tailoring your own plan for the new year. 

 

STAGE 1: EMPATHIZE – WHO ARE YOU?

Understanding yourself is easier said than done, but it is time to take a seat, to have a self-talk, to identify your strengths and weaknesses as well as to clarify your short-term and long-term goals. 

There are 4 questions you should ask yourself. Try to answer as honestly and clearly as possible:

  1. What strengths make you proud of yourself? 
  2. What weaknesses make you lose your opportunities? 
  3. Now, what do you want to change? 
  4. What is your dream for the future? 

 

Do not answer in general like “I want to improve my English level” instead, make it specific and measurable like “I want to achieve IELTS 6.5 in the next 6 months”. The more details you give, the deeper you will understand yourself. Such types of answers will make your plan more practical and more suitable to yourself, therefore making it easier for you to implement the plan. 

 

TIP: Consider asking your parents, your relatives, your co-workers or whoever in this world that you believe understands you, and ask for their opinions. This will help to avoid a subjective understanding about yourself or an illustration of yourself that you created. 

The goal for this stage is to dig into who you are, to learn and to explore more about yourself. 

 

STAGE 2: DEFINE – WHAT DID YOU DO? 

After learning about yourself, your next step is to reflect on what you did last year by answering the following 3 questions: 

 

  1. Which goals/tasks did you complete in the last year? 
  2. Which goals/tasks did you plan but fail? 
  3. Which goals/tasks did you reschedule ?

 

Next steps: List down all of the reasons both subjectively and objectively that you think led to the failure of task completions. This will enable you to find a method that avoids procrastination in implementing the plan in the new year. There are many methods to help solve your procrastination and to reschedule the task completion on time, which may come from internal or external factors. For example, you may feel that if  sharing your plan on social media or with close friends will motivate you to achieve your goals. Or you may challenge yourself with punishments and rewards. Whatever you choose to do, just make sure that it will boost your must-do attitude meaning that no delay or procrastination is allowed. 

STAGE 3: IDEATION – WHAT ARE YOUR GOALS?

In this stage, you should keep calm and relax, let your mind wander to write down your goals: what do you want to improve or what you want to change? Where do you want to travel? How many books or what kinds of books do you want to read this year? Do not forget to think about your dream. Just write them down in your journal or whatever place you feel safe. Don’t worry if it may look a little bit messy on your paper, I will help you arrange it later. 

One important note you should bear in mind is that your techniques should help you to overcome your procrastination, which you have listed in the ‘Stage Two: Define’. Ideation will be the foundation to enable you to implement the method successfully, thus try to make it as precise as possible. 

STAGE 4: PROTOTYPE – PUT YOUR GOALS INTO PLAN 

Design thinking is the solution-orientated and action-orientated step in which you must focus on finding actionable solutions. Thus this stage is the most important in the planning process. In this stage, you will put all your goals and activities into a detailed plan. 

  • Categorize your goals and actions:

The first step is to divide your goals into 3 smaller categories: 

  1. Personal Development: The goals or actions that will help you nurture your personal growth.
  2. Study/Work: The goals and actions that will lead you to your career path.
  3. Family/Friends: The goals and actions that will strengthen your relationships. 

The more correctly categorized and prioritized these goals are, the easier the next steps will be. 

 

  • Strategic plan 

 

These previous parts will be evaluated again in time length and importance in order to categorize them into short-term, medium-term and long-term goals. This step requires a lot of effort and careful thinking so as to avoid mistakes. The following is one technique that I find easy to apply. 

Firstly, start with the axis of abscissas, you put all the goals in this axis. Arrange these goals based on its level of importance and affection to yourself. 

After that, you will use the axis of ordinate to evaluate the difficulty level, time and effort in each goal. The more difficult the goal is, the more time you spend, thus you can move this goal to a higher position. 

For example, if your goal is to achieve IELTS 6.5 in 2020, to me it is a medium difficulty level and it is also important. Thus my graph will be like this:

As you see the strategic plan graph divides into 3 parts:

Part 1 – Short-term and easy goals that you can finish in 3-6 months 

Part 2 – Medium-term and average difficult goals that take longer time about 6-18 months to complete. 

Part 3 – Long-term and difficult goals but not urgent goals which you can finish in 2-3 years. 

Put your goals into these 3 sections and the goals, which are in the Part 1 area, are prioritized in your detailed plan. 

 

  • A Detailed Plan

The detailed plan includes 2 important numbers: deadline and key result.

  • Key results: A plan is nothing without clear and measurable outcomes because they help you estimate the desired results and avoid giving up in the middle. 
  • Deadline: Give yourself specific time of completion in the goals. There are many apps which can assist you as the reminder like: Evenote, Wunderlist, Calendar,… These apps will help you stick to your goals and complete them on time. 

In terms of the medium-term and long-term goals, you can break them into smaller activities and put them into your detailed plan. This action will make sure that you are following what you have planned and start doing it from now. 

STAGE 5: TEST – CONTINUOUS PLAN IMPROVEMENT

The plan is just what you write down on paper. That’s why to make this plan come true, you need to invest your time, money and effort. There is no perfect plan in the world and you should test, do, learn and test again, as to which method fits with your style. You might not be able to change your goals but you can change the way you take action in order to achieve your goals. Be flexible and be prepared because there will be uncontrollable factors coming from the external environment, as well as from yourself, that may cause failure in implementing your plan.

 

I hope that you can stay focused on what you are about to do, always believe in yourself and always try your best to be a better you. Remember that if you plan it on just paper, next year you will be in the same state as you are right now but you’ll be one year older. Be strong and brave, take action, and challenge yourself! 

I hope all your plans come true as you expected.

LIFE CHANGING OPPORTUNITY: LEAD THE CHANGE 2020 EXCHANGE TRIP

Lead The Change Exchange Trip – overseas youth leadership programs that equip the youth with a necessary skill set for the 21st century, international mentorship, corporate insights and network for young leaders aged 18-25. This is a platform for young talents to connect, engage, discuss and learn concerning social issues and eventually drives them to collectively solve problems by actual projects and become tomorrow’s change-makers.

The program timeline in 2020:

Thailand (15/06/2020 – 20/06/2020)
Singapore (06/07/2020 – 11/07/2020)
Taiwan (02/08/2020 – 08/08/2020)
Korea (27/09/2020 – 03/10/2020)
Singapore (16/11/2020 – 21/11/2020)

The program is supported by NUS Enterprise, Facebook HQ, Google HQ, NUS Chua Thian Poh Community Leadership Center, NUS Asia Centre for Social Entrepreneurship & Philanthropy, LEVEL3/ Unilever Foundry, Padang & Co, Kris Lab – Singapore Airline, Singapore Business Federation, United Overseas Bank, Omron, Yahoo, Amazon Web Service, Enterprise Singapore, The Edge Learning Center, Bangchak Corporation, Siam Commercial Bank (SCB), Siam Cement Group (SCG), Dhurakij Pundit University (DPU – CIBA), …

Young leaders will interact with expert facilitators, dedicated mentors, and inspirational speakers working in Multinational Corporations. Our training topics related to:

  • Innovation through Design Thinking
  •  Emotional Intelligence
  •  Critical & Logical Thinking
  •  Cross-Cultural Communication & Collaboration
  •  Interpersonal Skills
  •  Public Speaking
  • Explore yourself

A chance to meet the impossible:

  •  Visit top leading MNCs from all around the world
  •  Volunteer at Local organization
  •  Leaded by a team of experienced and dedicated mentors.
  •  Release your energy by attending Amazing Race activities
  •  Break the program challenge – Shining at Gala night by pitching your presentation
  •  Receive the certificate after graduation
  •  Access to young leadership network – who never stop:

CHANGE TO LEAD – LEAD TO CHANGE

To become official young leader of Lead The Change 2020 Exchange Trip, you have to complete 6 steps:

  1.  Research about the program
  2.  Fill in the registration form https://forms.gle/nPmgw9Yo2RY7SoxX7
  3.  Online interview via phone (Organizing committee will contact you after 3-5 days of registration)
  4.  Interview with Program Manager
  5.  Receive your interview results
  6.  Submit required documents and sign the contract

Please kindly click Interested/Going to update more information about the amazing trip on Facebook

 Contact:
Hotline: +84 933 574 688
Email: hello@leadthechange.asia
Website: https://leadthechange.asia/

CALL FOR APPLICATIONS: Lead The Change 2019 Exchange Trip in Singapore

LEAD THE CHANGE 2019 EXCHANGE TRIP IS COMING BACK
Lead The Change 2019 Exchange trip in Singapore

18th – 23th, November 2019

About program

Lead The Change 2019 Exchange trip is a six-day program in Singapore held by Lead The Change Community.

Throwback – Lead The Change 2019 Exchange Trip in Singapore

The program is supported by NUS Enterprise, Action Community for Entrepreneurship, Facebook, The Edge Learning Center, NUS Chu Thian Poh Community Leadership Center, NUS Asia Centre for Social Entrepreneurship & Philanthropy, LEVEL3/ Unilever,
Singapore Business Federation, UOB : United Overseas Bank…

Program theme:  Key Competencies for Industry 4.0

We believe that next generation of leaders need new competencies and skills fitting for the 21st century to be successful and to tackle the complex challenges.

Our framework designed by advanced study program and training of experts coming from Multinational Corporation which help young leaders to have adequate views about importance of skills in reality life and work. From that, they will apply these skills effectively into reality situations.

Activities

Young leaders will interact with expert facilitators, dedicated mentors, and inspirational speakers working in Multinational Corporations.

Our training topics relate to Design thinking, Cross-Cultural Collaboration, Entrepreneur thinking, Social Innovation, Social Entrepreneur, etc.

It will also include field visits to local cultural sites, as well as group projects that will culminate in presentations.

Lead The Change 2019 Exchange Trip in Singapore Memories Stay

Program Agenda

Agenda program

Watching 6 days of Lead The Change 2019 Exchange Trip in Singapore – July’s journey

Lead The Change 2019 Exchange Trip July’s journey in Singapore

Eligibility Criteria

  • Young leaders: Aged 18-25 years
  • Interested in exchanging the global culture
  • Seek a better understanding of the ASEAN region
  • Seek to widen their perspectives
  • Passionate in making the impact to the social
  • Fluent in English

Selecting process

How to be a young leader of Lead The Change 2019 Exchange Trip
  • Step 1: Complete registration form
  • Step 2: Complete Application form (Organizers will send you after 3-5 days)
  • Step 3: Interview
  • Step 4: Information day
  • Step 5: Become young leader of the program
What did parent of participant think about Lead The Change Exchange Trip?

To be a young leader of Lead The Change 2019 Exchange Trip in Singapore – November!

  • Register here: Information form
  • Duration: November 18th- November 23th, 2019
  • Location: Singapore

For more information, please contact:

About Lead The Change Community

Lead The Change Community whose precursor is UEH Connected Community – the global community for the youth and startups.

Our vision: The number one place to introduce young talents to the entrepreneurial community, MNCs and startup community in Asia.

Our mission: 

  • Improve the mindset, necessary skills  of young generation in the changing world
  • Create a supportive entrepreneurial community
  • Collect comprehensive data on the excellent talents, mentors, trainers and speakers
  • Bring awareness and inspiration to the audience about startup culture and innovation

FIRST CROWDPITCH VIETNAM 2019: TRAVEL STARTUPS ARISE, WHILE ENVIRONMENTAL ONE DRAW MORE ATTENTION

I reposted the content of some events that my company ran in order to spread the message further.  In the 1st CrowdPitch Vietnam 2019, 5 Vietnamese startups had presented their ideas, learned from expert mentors in the ecosystem and gained exposure, as well as built and engaged with the community.

Mr. Thang Huynh – CEO & Co-Founder Innovation Lab

Most-voted: Saving environment solution

Vietnam is one of the worst polluters of ocean plastic waste in Asia and the globe, with 13 million tonnes of waste released to the ocean every year. Fortunately, Vietnamese starts to get aware of this massive pollution and therefore, green initiatives emerge. Obviously, eco-minded entrepreneurs in Vietnam are not out of the picture.

Ms. Linh Le – Founder & CEO AYACUP

Startup AYA – REUSABLE CUP with the plastic waste solution was the most-voted idea in 1st CrowdPitch Vietnam 2019. AYA REUSABLE CUPS creates convenience idea for users which enable them to use and return the cup rather than throwing single-use plastic cup.  More specifically, with AYA you can request an eco-friendly cup at any participating coffee shop or smoothie bar with your ID code. With the so-called “Life Time Membership Pass”, you also can drop the AYACUP at any participating locations. AYA has achieved 85 vendors, 135 locations and 5,495 plastic cups saved.

Linh Le, Founder of AYA Reusable cups shared that she was very surprised and happy when people were very interested in her project and concerned about the environment. It is a good sign that more people want to change their habits to protect the environment.

According to the report 2018 by UN Environment, one million plastic drinking bottles are purchased every minute around the world; up to 5 trillion single-use plastic bags are used worldwide every year. In total, half of all plastic produced is designed to be used only once – and then thrown away.

Mr. Tuan Tran – Founder Airiot VietNam

With the same mission to save the environment; startup Airiot VietNam provides solutions to save energy for Airbnb hosts by a self-designed device. With IOT device working based on Bluetooth low energy 4.0, Airiot helps Airbnb hosts to turn off the air-conditioner automatically when people are not in the accommodation.

Travel tech – Top trendy startups in Vietnam

According to a report recently released by Topica Founder Institute (TFI), eight major travel tech deals worth $64 million were signed last year. The travel tech market is full of potential as increasing numbers of Vietnamese seek to travel and enjoy life.

The trend was well demonstrated in May section of CrowdPitch Vietnam as 3 out of 5 start-up ideas is technology-based travel startups including LandedVibe, Gody.vn and CheepCheep.

Mr. Le Duy Hoang – Founder LandedVibe

Becoming the winner chosen by judges, LandedVibe offers a platform for diversified offline skill-sharing and entertainment activities. They build a network where anyone can turn shareable values of their profession, skill or hobby into payable activities for locals, expats and travelers alike to book, via a sharing-economy platform.

Explained about the decision, Mr. Bobby Liu – CrowdPitch Vietnam judge and Co-director of Topica Founder Institute said: “LandedVibe will change the way of travel a lot. It is about the experience, about travelers getting and sharing their own experience. It could be popular with young travelers. Because of that, LandedVibe has development potential and will attract investors.”

Mr. Pham Viet Anh – CEO & Founder CheepCheep

Ms. Ngoc Anh – Founder Gody.vn

Other startups are CheepCheep, an online platform to book attraction tickets through a hundred places in Vietnam, and Gody.vn, a social travel platform to personalize trips based on AI’s recommendations.

2019 CrowdPitch Vietnam is an initiative for startups to raise their brand awareness, identify their market, attract potential investors and engage actively with future customers.

5 startups chosen to pitch each month will receive 1.000USD AWS credits, technical support, and free online training besides the voting cash by audiences’ entrance tickets.

Mr. Bobby Liu emphasized the prominence of CrowdPitch to startups in the ecosystem because of its benefit and recalled himself as a winner of this kind of crowdpitch five years ago.

From the participant’s perspective, Founder of AYA, Linh Le claimed that pitching in CrowdPitch was a valuable opportunity for early-stage startups to validate their idea and cheer them up. “It is also a good place for them to interact with other startups and investors,” Linh said and personally, CrowdPitch made her more confident, gave her great feedback from other entrepreneurs, and connected her with the community.

The 2nd CrowdPitch Vietnam 2019 is going to present on June, 26th 2019.

The CrowdPitch Vietnam is powered by Innovation Lab.