Da Nang signs startup cooperation agreement with CrossFund Vietnam

As assessed by Mr. Vo Duc Anh, Deputy Director of the Da Nang Innovation Startup Support Centre, the cooperation with CrossFund Vietnam is an important step toward expanding international networks and creating opportunities for Da Nang’s startup projects to access global investment opportunities.

The Center will closely coordinate with CrossFund in implementing training programmes and investor networking activities, thereby contributing to the strong development of the city’s innovation ecosystem.

Both sides agreed to collaborate in several key areas, including coordinating the training of an angel investor network and supporting the development of potential investors for early-stage startup projects.

In addition, they will jointly design and implement incubation and acceleration programmes to enhance the capacity of innovative startup enterprises in Da Nang.

The partnership also aims to promote and connect the startup ecosystem, fostering collaboration among investment funds, businesses, research institutes, universities, and the startup community both domestically and internationally.

Headquartered in Singapore, CrossFund is a platform founded in 2021 that helps accredited investors from all over the world to invest in early-stage tech startups from emerging markets.

Currently, CrossFund operates in 29 countries with over 100 investment deals, a total portfolio value exceeding US$500 million, focusing on sectors such as fintech, health technology, and education technology.

CrossFund Vietnam Co., Ltd. was established to directly support Vietnamese startups in accessing capital, developing capabilities, and expanding into international markets.

CrossFund has invested in numerous high-potential startups in Vietnam, with a total value exceeding US$10 million, achieving a portfolio growth rate of 4.8 times.