New initiative for SDG impact and sustainable businessesJul 12, 2017
Ha Noi 12 July 2017 – The UN Development Programme (UNDP) in Viet Nam and HATCH! VENTURES announced today the SDG Challenge 2017 - a competition and acceleration program to encourage young people to develop and innovate business solutions to achieve the Sustainable Development Goals (SDGs).
SDG Challenge 2017 aims to find innovative business ideas with global scalability and high social impact to realize SDGs. Present at the launching event were young entrepreneurs, representatives of 2030 Youth Force in Viet Nam, private sector partners and the media. Leaders from UNDP Viet Nam, HATCH! VENTURES and partners provided information about the SDGs and its approach through an interactive discussion and case study presentation.
Addressing the launching event, Ms Akiko Fujii, UNDP Deputy Country Director in Viet Nam, highlighted that UNDP promoted innovation, a whole-of-society approach and more prominent roles for women and youth to help deliver the ambitious Sustainable Development Goals. “UNDP wants to tap into the thriving start-up scene in Viet Nam and start a conversation with young and ambitious entrepreneurs about the double bottom line: SDG impact and sustainable business,” she said.
The Competition will be held in three big innovation and entrepreneurial cities in Viet Nam - Ha Noi, Da Nang and Ho Chi Minh City. The Final Selection Round will take place in HCMC on 28 October 2017 in HATCH! FAIR the Fifth. The winning teams will receive an integrated acceleration program from 4 to 6 months with Seed-funding; Acceleration service; and Professional workshops to provide continuous support to the development of the selected businesses.
Sharing about the follow up activities with the winners after the competition, Mr. Pham Quoc Dat, Founder and Director, HATCH! VENTURES, said: “We emphasize and focus on the sustainability of a business, and that is why we have developed an acceleration program to provide continuous business support for the best innovations to be sustainably implemented and contribute to achieving the SDGs.”
The online application form will be available by August 31, 2017 with 2 steps: Business Information and Founder Information. SDG Challenge 2017 consists of 5 assessment rounds to hand-pick the most potential businesses:
1. Online application round: August 31, 2017
2. Semi-Final Pitching: Hanoi: September 23, 2017 Danang: October 07, 2017 HCMC: October 08, 2017
3. Document Submission for Initial Due Diligence: Mid October, 2017
4. Final Pitching Event at HATCH! FAIR the Fifth in HCMC: October 27-28, 2017
5. Due Diligence and Grant Agreement from November 2017
In 2015, the SDGs were introduced and adopted by the United Nations, as a framework for all people to create a better future. In the same year, UNDP Viet Nam and HATCH!VENTURES successfully organized Hackathon for Social Good. Over 100 programmers, innovators and social experts participated in this coding competition. In 2016, the two organizations signed a strategic partnership and committed to working together to find startups and innovations in Viet Nam to achieve Sustainable Development Goals. Another national coding event - “Social Innovation Camp” - and a Social Innovation Summit were held at HATCH! FAIR 2016, involving over 2,000 participants.
For more information about the SDG Challenge 2017, please visit website: http://sdg.hatch.vn
UNDP partners with people at all levels of society to help build nations that can withstand crisis, and drive and sustain the kind of growth that improves the quality of life for everyone. On the ground in more than 170 countries and territories, UNDP offers global perspective and local insight to help empower lives and build resilient nations.
HATCH! VENTURES was launched in 2012 with the mission to support entrepreneurs and promote the early-stage startup ecosystem in Vietnam. Since then, HATCH! activities and leadership have made international headlines, as the organization supports thousands of individual entrepreneurs operating hundreds of startups. In 2017, HATCH! expands through Ecosystem Building, Accelerator / Incubator Programs, and Co-Working Space.Contact information
Vu Anh Ngoc, email: email@example.com, phone: +84 122 8383935
Nguyen Viet Lan, email: firstname.lastname@example.org, phone: +84 91 4436769