Welcome to
New Venture Challenge

Empowering Vietnam's Innovators! 🚀

About Us

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Partners

Organizers

The New Venture Challenge ("NVC"), the pinnacle of startup acceleration in Vietnam, fuels early-stage entrepreneurs with an unparalleled opportunity. We believe in your potential, that's why we offer from $1K to $20K pure grants (in exchange for 0% equity commitment), and mentorship that transforms dreams into reality. Join us through two rigorous rounds of selection, where up to 12 visionary winners embark on a 3-month transformative journey.

About Ethos Fund

Leaders in Bridging Vietnam Innovation with the World

Ethos Fund (“Ethos”) was founded by a pair of serial entrepreneurs who want to prove that founders and venture capitalists don’t need to compromise to build transformative companies — that growth is better, faster, and more fun when startups and investors aren’t afraid to be authentic and share the same ethos.

Learn more

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About MYSC

MYSC creates social innovation through business as a partner of all organizations that seek to combat social problems.

The "Merry Year" mentioned in the MYSC (Merry Year Social Company) mission refers to a world where social polarization is resolved and everyone lives like a human being. MYSC contributes to the jubilee that everyone will enjoy. We are in-house entrepreneurs who help entrepreneurs, and we work together to make a better world.

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About Vin University

VinUniversity is a private, not-for-profit university established by Vingroup – the largest private conglomerate in Vietnam.

The mission of VinUniversity is to train a talented workforce with expertise, skills, personal development, and a dedication to achieving the highest possible effectiveness, contributing to the prosperity of individuals, society, and making a positive impact on the global knowledge-based economy.

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To empower, educate, and improve the startup ecosystem in Vietnam

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To foster and invest in global minded founders "earlier than early"

Why NVC Stands Out

The goal of NVC is to help startups really take off. Startups will arrive at NVC at all different stages. Some haven’t even started working yet, and others have been launched for a year or more. But whatever stage a startup is at when they arrive, our goal is to help them to be in dramatically better shape within 2-to-3 months.

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Pure Grant

$1K to $20K grant to Winners in exchange for Zero Equity Stake!

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Mentorship

Weekend Workshops & Immersive 1-Week BootCamp

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Demo Day

200+ Global Investors & Mentors Ready to Invest

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The Foundry

Access to Ethos Fund's Venture Studio ($200K+ funding)

Competition Timeline

NVC, the most comprehensive startup challenge + accelerator in Vietnam, consists of two (2) rounds of competitions, weekend workshops, on-campus bootcamp, and full demo day (featuring 200+ investors)

ROUND 1

2023 Oct 31

Winners of Round 1 are invited to an 11-week long program (2023 Nov 18th — 2024  Jan 27) leading up to Demo Day on 2024 Jan 27.

ROUND 2

2023 Dec 2

Winners of Round 2 are invited to a 8-week long program (2023 Dec 9th — 2024 Jan 27) leading up to Demo Day on 2024 Jan 27.

DEMO DAY

2024 Jan 27

Up to 12 founders will have the chance to present their businesses to prestigious VCs on the Demo day.

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Due Dates

Description

2023 Oct 31

Founders submit their information and ideas via online application by Oct 31.

Organizers will interview and select up to 6 founders as “winners.”

Winners receive:

  • Series of online + offline Weekend Workshops hosted by MYSC, JLIN and Ethos Fund
  • Each grant amount: $1K to $20K

Note: Weekend Workshop attendance is a mandatory prerequisite for receiving grant money.

Due Dates

Description

2023 Dec 2

‍The  winners from Round 1 will submit their:

  • Feasibility summary
  • Product/service demo
  • Business update

Due by Dec 2 via online portal.

New set of founders will also submit their information and ideas via online application by Nov 25.

Organizers will interview and select up to 6 new/additional founders as “winners” for Round 2.

Winners receive:

  • Immersive + In-person bootcamp
    • hosted by the organizers
    • conducted by Skola + VinUni
      • Program fee waived: $500-800/team
  • Each grant amount: $1K to $20K

Note: One Week Bootcamp attendance is a mandatory prerequisite for receiving grant money.

6 winners from Round 1 automatically qualify for the One Week Bootcamp.

Due Dates

Description

2024 Jan 27

This is Demo Day for up to 12 founders (+ teams). Three parallel opportunities for founders to receiving funding:

  • Series of online + offline Weekend Workshops hosted by the organizers
  • Ethos will also pick up to 3 winners, invest $200K+ each, and invite team(s) to join the Ethos Foundry
  • VC firms that have been invited will direct approach and invest into founders/companies

ROUND 1

2023 Oct 31

Winners of Round 1 are invited to an 11-week long program (2023 Nov 18th — 2024  Jan 27) leading up to Demo Day on 2024 Jan 27.

Due Dates

2023 Oct 31

Description

Founders submit their information and ideas via online application by Oct 31.

Organizers will interview and select up to 6 founders as “winners.”

Winners receive:

  • Series of online + offline Weekend Workshops hosted by MYSC, JLIN and Ethos Fund
  • Each grant amount: $1K to $20K

Note: Weekend Workshop attendance is a mandatory prerequisite for receiving grant money.

ROUND 2

2023 Dec 2

Winners of Round 2 are invited to a 8-week long program leading up to Demo Day on 2024 Jan 27.

Due Dates

2023 Dec 2

Description

The 6 winners from Round 1 will submit their:

  • Feasibility summary
  • Product/service demo
  • Business update

Due by Dec 2 via online portal.

New set of founders will also submit their information and ideas via online application by Nov 25.

Organizers will interview and select up to 6 new/additional founders as “winners” for Round 2.

Winners receive:

  • Immersive + In-person bootcamp
    • hosted by the organizers
    • conducted by Skola + VinUni
      • Program fee waived: $500-800/team
  • Each grant amount: $1K to $20K

Note: One Week Bootcamp attendance is a mandatory prerequisite for receiving grant money.

6 winners from Round 1 automatically qualify for the One Week Bootcamp.

Demo Day

2024 Jan 27

Up to 12 founders will have the chance to present their businesses to prestigious VCs on the Demo day.

Due Dates

2024 Jan 27

Description

This is Demo Day for up to 12 founders (+ teams). Three parallel opportunities for founders to receiving funding:

  • Series of online + offline Weekend Workshops hosted by the organizers
  • Ethos will also pick up to 3 winners, invest $200K+ each, and invite team(s) to join the Ethos Foundry
  • VC firms that have been invited will direct approach and invest into founders/companies
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"VinUniversity is aiming to be the #1 entrepreneurship school in the world. NVC is a part of that vision."

VinUniversity

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"Vietnam innovators can (and will!) shape the future of the world. We are focused on amplifying founders who can (and will!) do exactly that!"

Ethos Fund

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"Walk the talk! Impact driven founders don't just talk, they walk, act, and execute!"

MYSC

Together, let's shape the future of the world!