The first program accelerating innovative startups for energy efficiency in Vietnam was launched on August 8.

Online applications are open for both startups and groups of students at https://ais4ee.vn , with submission deadline being September 25, 2024.

The program is part of the Accelerating Innovative Start-ups for Energy Efficiency (AIS4EE) project, funded by the EU within the framework of EU-Vietnam Sustainable Energy Transition Program, hosted by the Ministry of Industry and Trade (MOIT), co-funded and implemented by the Global Green Growth Institute (GGGI).

It is organized by Touchstone Partners, a venture capital firm in Vietnam.

The program is aimed at attracting investments in cutting-edge solutions for economical and efficient use of energy in the fields of industry, transportation, and building sectors in Vietnam.

Selected teams will undergo a nine-week training program led by experienced experts, mentors in the start-up ecosystem and energy efficiency space.

The program’s total prize pool amounts to $35,000 for three best start-ups and $10,000 for three best youth teams.

Participants will also have opportunities to join national and international pitching events to call for investments of up to $1 million from Touchstone Partners, and from strategic venture capital partners.