NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Thursday, November 5, 2015

Lotus Fund, an impact investing fund focused on Southeast Asia, has teamed up with the University of Da Nang’s College of Information Technology in Vietnam to launch Lotus Hub, an innovation space for entrepreneurs.

“The intent of Lotus Hub is to illustrate the viability of developing investment-worthy startup businesses in Vietnam through a hands-on venture building approach,” said James Bui, founder and partner at Lotus Fund.

The target is to field, vet and build ideas into successful enterprises that, in turn, push the development of the entrepreneurship ecosystem in Vietnam.

While overseas investors are more aware of Hanoi, the capital city, and Ho Chi Minh City, the business centre, Da Nang can be seen as a pool of science and technology researchers and innovation in central Vietnam.

Lotus Hub, therefore, will be part of the equation to develop the practical tools, methodology and high-quality research that lead to academic discovery and real application.