The first “International TECHFEST in Australia” was co-organised by the Ministry of Science and Technology (MoST) and Australia’s Monash University on September 20.

The event, which aimed to attract international resources to develop Vietnam’s innovative startup ecosystem, saw the participation of Vietnamese and Australian officials and over 100 experts, investors, and investment funds from the two countries.

At the event, innovative startups had an opportunity to present to Australian venture capital companies such as Magic Edutech Group PTY LTD, Cyberkid, VSEC, Hana Gold, and Treeotek. Representatives from agencies and organisations exchanged experiences to improve their support of startups.

In his speech, Minister of Science and Technology Huynh Thanh Dat emphasised, that the event is an opportunity to promote the image of Vietnam's open and dynamic creative startup ecosystem, as well as serve as a bridge connecting businesses and organisations, with international resources around the world.

Vietnam’s startup ecosystem in the coming time needs linkages with regional and international systems, particularly those with experiences and resources like Australia’s, he noted.