Otrafy, a startup that provides quality management and supply-chain software to the food industry, will represent Vietnam at the Startup World Cup next year after championing the National Innovative Technopreneur Contest on December 15.

The competition’s finale took place in-person in Hanoi and Ho Chi Minh City and on social media platform as part of the 7th National Festival for Innovative Startups (TechFest Vietnam 2021).

The champion received a cash prize worth 100 million VND (4,344 USD) and a pledged investment package worth up to 150,000 USD.

NanoNem was awarded the second prize while the third prize went to Isofhcare. They were among ten finalists whose projects use AI, Blockchain, Deeptech technologies and others to address specific challenges in various fields, from healthcare, education, sporting, to entertainment, environment protection, renewable energy and waste reduction.

Experts and investment funds said those candidates have demonstrated excellent insights into the market, competitive technology capacity and courage to adopt new business models.

Themed “Embracing Innovation – Reshaping the Future”, the TechFest 2021 featured a series of more than 120 workshops, seminars and other events held in both in-person and virtual forms from September through December. The event brought together a large number of innovative startups, innovation accelerators, experts and investors at home and overseas.

Some 1,000 startups and 100 investors have participated in the event series, with total committed investment exceeding 15.16 million USD./.