Lotte Accelerator to expand investment in Vietnamese startups this year

Lotte Accelerator to expand investment in Vietnamese startups this year

Photo from Vietnam Silicon Valley Accelerator

South Korean startup booster Lotte Accelerator will expand and diversify its investment capital in Vietnam’s startup ecosystem this year, said Jin Sung Rhee, CEO of Lotte Accelerator at Demo Day event held by Vietnam Silicon Valley (VSV) on February 1.

“We have completed our commitment to invest $1 million in Vietnam’s startup (ecosystem) through a partnership with VSV called Vietnam Silicon Valley Accelerator (VSVA),” Rhee said, adding that ten potential startups have been selected for investment to perfect their business models so far.

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