Scale Vietnam launched to support health-tech startups

At the event, Taylor McPartland, founder and CEO of ScaleHealth, introduced this new offering, along with its relationship with Scale Vietnam.

ScaleHealth is a technology platform developed in the US with the desire to connect resources and support the development of health-tech startups globally.

To date, ScaleHealth has attracted more than 10,000 partners including startups, investors, hospitals, and advisors including CardinalHealth, LifeBridge Health, OSF Healthcare, Multicare, Novartis, UCare, Mutticare, and others.

Scale Vietnam is a digital platform focusing on health-tech in the country, helping startups access and take advantage of all the available resources to serve their business needs and solve problems related to a lack of resources, investment capital, and supporting technologies. It also provides advice from experts during the process of product development and deployment.

Taylor McPartland, CEO of ScaleHealth, speaking about the cooperation between ScaleHealth and Scale Vietnam

As a representative of Scale Vietnam, Francis Tuan Anh Nguyen shared an overview of tech trends in the medical field and some urgent medical problems that need to be solved for governments, hospitals, clinics, and patients.

“Realising the difficulties that digital health startups are facing due to a range of unresolved problems, the launch of Scale Vietnam will create a separate platform for them to gain information, connections, and build cooperation for product development,” he added.

The event attracted the participation of many startups, business managers, and experts. They included the National Startup Support Centre, Microsoft Asia-Pacific, DH Digital Solutions Co., Ltd., and TMA Innovation, among others.

Nhi Tran, CTO of Microsoft Asia-Pacific Startups, introduced the Founder Hub platform, which integrates tools and technologies to assist startups from their inception right through to the go-to-market stage.

She added that Founder Hub can provide a sponsorship package of up to $150,000 throughout startups' development stages and for the following four years. The fact that Founder Hub has partnered with Scale Vietnam's promises to increase the opportunities for startups to grow and raise capital.

Scale Vietnam’s team and partners

After the official launch, Scale Vietnam will open a registration portal for startups who are keen to join the support platform. For those that have a desire to participate and meet the requirements, Scale Vietnam is ready to support them with consultations and begin integrating them into the platform.

The launch of Scale Vietnam by VMED Group, along with its selection of reputable partners, is seen as a practical choice given the current health situation in Vietnam.

The effort to build the nation's medtech startup community requires cooperation between organisations to accelerate digital transformation and improve the quality of healthcare, both domestically and globally.

Vietnam's green startups show growth Green startups show strong growth in the Vietnamese market as sustainable development projects draw the attention of several venture capitalist funds.

Startups seek the knowledge to flourish With the venture capital market in 2022 deemed generally gloomy with total investment and number of deals falling globally, more work is to be carried out for new companies in Vietnam to survive.

Vietnamese startups raise $855 million in 2022 Vietnamese startups secured $855 million in fresh funding in 2022, which is only one-third compared to the value in 2021, according to a recent report by Nextrans.

Vietnam an attractive spot for startups: Bloomberg Bloomberg on February 14 published an article “Silicon Valley talent is helping grow Vietnam’s startup hub”, quoting founders’ opinion that an abundance of inexpensive engineers coupled with a fast-growing economy makes Vietnam an attractive spot for startups.

Vietnamese and Japanese startups eye cooperation Vietnamese and Japanese startups gathered on February 15 at the Vietnam-Japan Economic Forum to discuss the possibilities of further cooperation.

Venture capitals continue to bet on domestic startups Investment platform VinaCapital Ventures will disburse $10 million in the next three months, while Antler is set to release approximately $2-3 million to startups in Vietnam in 2023.