Innovation Forum InnoEx 2024 will attract over 4,000 CEOs and about 85 investment funds

DNHN - InnoEx 2024 – the Innovation Forum and Exhibition will be held on August 22 – 23, 2024 at Thiskyhall Sala Exhibition Center, Thu Duc City. The event will gather 150 startups from Vietnam and Southeast Asia, 85 investment funds, and 4,,000 CEOs…

InnoEx 2024 is twice the size of 2023 in terms of organizational scale and content knowledge. The forum is organized by the Young Business Association of Ho Chi Minh City (YBA), Ho Chi Minh City Youth Startup Support Center (BSSC), and IBP Investment Promotion and Enterprise Support Joint Stock Company.

Opportunities for innovative startups

The organizers said the event is expected to attract more than 30,000 attendees, including more than 4,000 CEOs, leaders, policymakers, top experts, more than 85 PE/VC investment funds, more than 150 startups from Vietnam and Southeast Asia, about 260 domestic and international exhibitors showcasing multi-sector solutions from FDI Business Associations in Vietnam, Corporations, small and medium enterprises (SMEs), prominent tech startups such as from the US, Japan, Korea, Australia, Taiwan, Malaysia…

This year's InnoEx is mainly sponsored by Qualcomm, a leading semiconductor company in the world, especially in the mobile sector. The company, headquartered in San Diego (USA), specializes in designing and supplying semiconductor chips, focusing on wireless telecommunications services and a range of solutions for mobile devices and many other categories. Besides outstanding solutions and exhibition space for Qualcomm partners, in 2024, the finals of the Qualcomm Vietnam Innovation Challenges (QVIC) program will also take place with InnoEx 2024 to jointly create a strong boost for the innovation community in Vietnam. The competition of the top startups from QVIC promises to showcase potential innovators in technology sectors from AI, IoT, Robotics, Green tech...

In the forecast for Q1/2024 and early Q2/2024, both the United Nations, the World Bank, and the Organization for Economic Co-operation and Development (OECD) predict that global economic growth in 2024 will be around 2.4-2.6%. In Vietnam, the General Statistics Office recorded that the country's economy in the first 6 months of 2024 showed many signs of improvement, with GDP growing by 6.42%. The IMF's April 2024 World Economic Outlook report shows that Vietnam is the only representative of Southeast Asia in the top 10 with a growth forecast of 6.4% for the 2024 - 2029 period, emphasizing “a period of strong economic growth.”

InnoEx 2024 is becoming a focal point for innovation and sustainable growth in Southeast Asia, stemming from the core journey of nurturing and developing the young entrepreneurial generation in Vietnam through 12 years of community building and gathering a network of more than 15,000 businesses, organizations, and individuals with the goal of promoting multi-sectoral and market innovation cooperation. InnoEx is attracting significant attention thanks to a series of activities aimed at Networking Business and Innovation networks domestically and internationally, Attracting investment, expanding scale and market vision, trade as well as becoming an important link in optimizing operations, improving productivity, and promoting the growth of many business models that require continuous innovation.

At InnoEx 2024, businesses have the opportunity to introduce new products and ideas, as well as call for cooperation, sponsorship, or investment domestically and internationally. InnoEx becomes a launchpad for innovative products, services, and businesses to reach the market faster and more effectively thanks to strong connections with the pioneering and influential consumer community. For visitors, everyone can not only access the latest technologies and solutions from businesses but also access the latest trends and knowledge from diverse industries from top international speakers.

Ho Chi Minh City on its way to becoming an innovation center

According to experts, InnoEx contributes to strengthening Ho Chi Minh City's position as an innovation center, attracting investment, intellectual resources, and international media alongside countries such as Singapore, Thailand, Indonesia…

InnoEx 2024 promises to provide a comprehensive view of trends, solutions, strategic directions, as well as a crucial bridge connecting trade and resources to promote progress and competitiveness for Vietnamese businesses in the international market, as well as attract investment to build Ho Chi Minh City's brand as a leading financial, startup, and development center in the region.

In the context of economic volatility and the fierce elimination of competitiveness in the market, especially the emergence and significant impact of many deep technology forms such as AI Artificial Intelligence, Robotics, IoT, Blockchain, biotechnology, or advanced materials... This forces business owners to choose between changing to adapt and survive or being replaced in the near future. This poses numerous challenges but also opportunities for Vietnamese businesses to proactively grasp and create their competitive advantage.

At InnoEx 2024, there are main activities such as: Business Forum - where more than 4,000 CEOs, business speakers, and senior leaders from various fields gather to discuss pains and concerns in business operations, share good solutions, and effective approaches to address the most concerned issues today.

Discussion on cooperation and investment opportunities: More than 85 Venture Capital and Private Equity Funds will attend this year's InnoEx to meet with founders, senior leaders of SMEs domestically and internationally to discuss trade opportunities, and multi-national and multi-platform strategic cooperation. All business relationships start here, through many direct connection activities at the Investment Zone, Business Matching, and Deal Room throughout the 2 days. Notably, the Deal Room is a new version, not only limited to investment funds but also serves as a connecting session between startups and large enterprises.

Finding and selecting the best startups in various fields: How to create change? Choose to innovate or improve the business? The answers and initiatives will be brought by more than 120 potential startups, selected from over 3,000 startups from 26 countries worldwide through programs like Startup Wheel, a 13-year-old competition deployed on an international scale,

Qualcomm Vietnam Innovation Challenge (QVIC) - a program seeking potential startups in the high-tech sector organized by Qualcomm, Green Innovation Fellowship (GIF) - where innovative solutions are sought and honored to promote the green economy from businesses and startups.

Thu Hien