In recent years, thanks to the emergence of many start-ups, the community of Danang’s startup is becoming increasingly vibrant. Founders have started to pay attention to and select Da Nang as a destination. This start-up trend affirms Danang is a potential land for start-ups because of 3 following reasons: 

1. Favorable geographical location for business development

Located in the centre of the country, from Danang can easily travel to other provinces. In addition, the business and trade centers of Southeast Asia and the Pacific are located within a radius of 2000km from Da Nang city. 

Thanks to the above favorable geographical position, Da Nang is considered as a place to catch start-up trends from neighboring centers and a cradle for startups to develop.

Danang in the Asia-Pacific

2. Get maximum support from Organizations in the city

In recent years, the issue of supporting startups and building start-up ecosystems has begun to receive the attention of the city government, business associations and social organizations. This creates favorable conditions for the development of startup models.

To help startups successfully access and call for investment capital, the city also actively entrusts incubators to organize programs and training courses to improve skills. Especially, such as the FINC incubation program of the Danang Business Incubator DNES.

the FINC incubation program of the Danang Business Incubator DNES

In particular, on November 15, the expanded Da Nang startup exhibition – SURF 2021 will be held, contributing to the realization of the above mission. This can be said to be an opportunity not to be missed for startups.

3. Many potential investment funds for start-ups

To provide financial support for startup projects, Da Nang city has issued Resolution No. 328/2020/NQ-HDND dated December 9, 2020. The resolution stipulates the content and level of spending from the state budget to support the innovation and innovation of Da Nang startup ecosystem. At the same time, Da Nang city currently has 2 start-up investment funds as well as the business community that are always ready to accompany and support businesses.

In 2020, Da Nang Department of Science and Technology has directly funded product development for 07 innovative start-ups with a total support budget of 1,108 million VND. There are also programs to help startups have the opportunity to interact with investors, such as the Da Nang Startup Exhibition coming up on November 15.

3 things mentioned above have confirmed favorable conditions along with potential for starting a start-up in Da Nang, most importantly it is of the support of the city authorities, the Incubators and investment funds for startups. Then start a business in Da Nang, why not?

Extended Danang Start-up Exhibition – SURF 2021 takes place on November 15th, 2021 with the theme “Adapt – Transform – Accelerate”. If you are incubating a start-up project and want to approach experts and investors, please register to participate in the Exhibition right here: http://surf2021.vrfairs.vn 

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