Vietnam-focused Touchstone Partners has launched a bespoke incubation programme for high-potential founders to develop their initial ideas in Vietnam.
Touchstone Fellowship Program (TFP) is open on a rolling basis. As per a press release, TFP aligns with the VC firm’s sectors of interest, including fintech, real estate, healthcare, edutech, and technology that enhances efficiency in major Vietnamese value chains such as manufacturing and agriculture.
Touchstone will invest between US$50,000 and US$100,000 in convertible notes with “simple, straightforward and founders-friendly” terms to kickstart founders’ ideas.
There are no hidden costs or fees.
“Through the small cheques we provide to founders, they will be able to move along faster and deeper to prove their market fit and validate the business model. We saw how even a small amount of investment could help startups grow at least 3x,” said Touchstone’s Director of Entrepreneurs-in-Residence Bobby Liu.
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Construction B2B marketplace Debion and no-code automation SaaS Autotable are the first two startups receiving fundings from the programme.
Founded and led by Khanh Tran and Tu Ngo in 2021, Touchstone Partners also provides US$1 million in seed funding for startups, aiming to catalyse Vietnam’s tech ecosystem.
Last month, the firm injected US$1 million into the telemedicine platform Medigo, one of the first investments of its US$50 million debut fund since April.
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Image Credit: Touchstone Partners
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