SK Startup Fellowship Program

SK Group – the third largest conglomerate in Korea, with a history of nearly 70 years, SK has 107 subsidiaries that operate across over 40 countries and territories spanning industries: Energy & Chemicals, Telecommunications & Semiconductors, Logistics & Services. SK Group entered as a Fortune Global 500 after reaching a total revenue of 132 billion USD. From 2018, SK Group has officially invested in the Vietnamese market through major deals: investing $ 1 billion in Vingroup, investing $ 470 million in Masan Group, owning shares of PVOil and Petrolimex, invested USD 28.9 million in Imexpharm, invested USD 30 million to support the Vietnamese government in building an Innovation Center located in Hanoi. In 2020, SK Group directly ran SK Startup Fellowship, demonstrating its commitment to long-term investment in the Vietnamese market.

Target

Post-seed stage startups with revenue & a working product

Yearly Process

Prize Scheme

Finalist Total Award Grant In-kind
Winner 4 Team (1/sector) $50k/Team – Mentoring
– Investor Pitch
– Business Network
Runner-up 8 Team (2/sector) $16k/Team

Eligible Criteria

  • Early Stage, for profit Vietnam Startup
  • Revenue Generating (Exception for Tech companies with Patent and Prototype)
  • Less than $3m in Total Funding or less than $10m Valuation
  • Edu, Med/Bio, Fintech, (Deep)Tech Focused
  • Startup working to address sustainability issue
Organizers

SK Group – the third largest conglomerate in Korea, with a history of nearly 70 years, SK has 107 subsidiaries that operate across over 40 countries and territories spanning industries: Energy & Chemicals, Telecommunications & Semiconductors, Logistics & Services. SK Group entered as a Fortune Global 500 after reaching a total revenue of 132 billion USD. From 2018, SK Group has officially invested in the Vietnamese market through major deals: investing $ 1 billion in Vingroup, investing $ 470 million in Masan Group, owning shares of PVOil and Petrolimex, invested USD 28.9 million in Imexpharm, invested USD 30 million to support the Vietnamese government in building an Innovation Center located in Hanoi. In 2020, SK Group directly ran SK Startup Fellowship, demonstrating its commitment to long-term investment in the Vietnamese market.

BSSC is one of the partners in Vietnam to participate in the implementation of the SK Startup Fellowship Program in the near future:
  • BSSC attracts international resources to support the Vietnamese startup community.
  • BSSC is the comprehensive organization in supporting startup community in Vietnam including finance, facilities, expert advice, training programs, brand promotion activities,…

Since 2011, we have done:

  • +6,000 MSMEs and start-ups in financial and business operations support
  • +15,000 youth under 35 years old in entrepreneurship training
  • +500 startups were either pitched or exhibited
  • +$6 mil in loan disbursement
  • +$20 mil in disclosed investment matching
  • 6 series of start-up events with nearly 90,000 visits in total

Fellowship nghĩa là gì?

“What do you mean by Fellowship?” style=”round_outline” color=”green”]We are all about creating a community and companion. So the idea was to create a followship were we can build strong lasting community.

How is the program different from typical accelerator?

Instead of provided a one set program for all startups, we will try to really understand the needs of each Startups through a interview process.

The cash and in-kind support are also being provided free with no strings attached.

How much grant does SK fellowship companies receive?

All 12 selected companies will receive $20k in grant and the top 4 selected will receive $30k Grant.

What do you mean by grant?

Grant will be in the form of cash and in-kind combined. The exact cash amount will vary depending on the in-kind provided.

What type of companies do you select?

We look for post seed early stage revenue generating startups with working product or service.

Can I apply even if the founder is not from Vietnam?

Yes, as long as the company is incorporated in Vietnam and is targeting the Vietnamese market.

What is the level of commitment needed once accepted?

We understand each startup is very busy with growing their business so we kept the time requirement to minimal level.

The only required attendance would be the initial orientation planned on Dec 17th and Final Pitch on Feb 19th both to be held in Ho Chi Minh

My English is not good, can I still apply?

You can, but a few of our mentors and investors cannot understand Vietnamese.

IT would be hepful to have someone on your team who is efficient in writing and speaking English to help communicate with international partners.

Is my company “too far along” to apply?

Mostly likely not! Although our main focuse will be on post seed early stage startups, we will consider a more advanc stage startup for the SK Fellowship program

Can I make changes to my application after submission?

Not through the website but you can directly contact us at vstartups@sk.com and provide the update

SKSF 2021 has expired for registration, follow the program at the SK Startup Fellowship fanpage


BSSC is the only organization in Vietnam offering specialized support services to young start-ups. We offer help with finance, material facilities, consultation, training, trade promotion and other services.