Vietnam accelerator ThinkZone ties up with BK Fund to raise $10m investment vehicle
Photo by Micheile Henderson on Unsplash
March 12, 2021
Vietnamese early-stage accelerator ThinkZone has tied up with BK Fund, a venture investment fund of the Hanoi University of Science and Technology (HUST), to manage and raise $10 million for its first investment vehicle, according to an announcement.
Called BK Fund 1, the investment vehicle aims to support potential startups in Vietnam with a ticket size of up to $1 million.
HUST, one of Vietnam’s oldest universities, has incubated the development of many technology entrepreneurs and big corporations such as Phu Thai Group, Austdoor Group, MISA, BKAV, Ahamove, and GotIt.