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Rules & Eligibility – 2022

Eligibility for participating

Startup Wheel extends to all audiences with no age and geographical limit in Vietnam. Startups are encouraged to participate in the competition including:

Individuals or Teams: All individuals/teams, startup founders who are living, studying, and working, starting up in Vietnam with innovative ideas/ products/ services/ technology can participate in the competition.

Enterprises: The startup is an established company operating for less than 5 years, or already have products/services and existing customers are welcomed to the competition.

Researchers: Scientific researchers of institutes/schools have products based on scientific research, which have a high ability to commercialize in the market.

Students: Students have an idea/startup operating in Vietnam.

Awards, Security And Commitment

Award

Cash prizes will be transferred to the representative of the startup within 15 working days after the Startup Wheel Award Ceremony. The winner must be responsible for the personal income tax (PIT) and other taxes or fees related to the prize (if any) in accordance with current Vietnamese law. The organizer will proceed to collect this PIT and pay it to the state budget. This PIT is paid to the Organizer at the same time as the award.

Security and commitment

When participating in the competition, the Candidates have agreed that the Organizers will use the Candidates’ broadcast lives, interviews, photographs, records, films, and exhibition publishments and reproduce them for the news, narration, promotional purposes, television programs, advertisements, including on the website or under any forms. The organizer and its partners and all related parties are exempt from any responsibility arising from photographing, recording, filming, or publishing photos, recordings, videos from this competition.

When submitting the business plan, the brief introduction of Candidates in the business plan will be considered as a summary that can be used wildly and can be used in the relevant document of the competition. The Organizer will provide copies of business plans, pitch decks, and 2-minute pitching videos in the competition to the Board of Judges and the relevant person in charge, and request these individuals not to make any additional copies. Any acts of fraud, ethics, and law violations within the framework of the competition, the Organizer has the right to unilaterally cancel the Candidate’s right and has the right to handle according to law.

Eligibility for participating

Startup Wheel extends to all audiences with no age and nationality limit. Everyone who is currently doing or planning to do business in Vietnam is encouraged to participate in the competition.

  • Startups with a scalable business model
  • Enterprises with an innovative business model
  • Researchers/ Scientists possess science researches at universities that could be commercialized
  • International Startups want to explore and expand their business to the Vietnam market

The applicant have to:

  • Be less than 8-year in operations;
  • Be an independent company (not a subsidiary);
  • Have a working beta product or service (preferable).

Awards, Security And Commitment

Award

Cash prizes will be transferred to the representative of the startup within 15 working days after the Startup Wheel Award Ceremony. The winner must be responsible for the personal income tax (PIT) and other taxes or fees related to the prize (if any) in accordance with current Vietnamese law. The organizer will proceed to collect this PIT and pay it to the state budget. This PIT is paid to the Organizer at the same time as the award.

Security and commitment

When participating in the competition, the Candidates have agreed that the Organizers will use the Candidates’ broadcast lives, interviews, photographs, records, films, and exhibition publishments and reproduce them for the news, narration, promotional purposes, television programs, advertisements, including on the website or under any forms. The organizer and its partners and all related parties are exempt from any responsibility arising from photographing, recording, filming, or publishing photos, recordings, videos from this competition.

When submitting the business plan, the brief introduction of Candidates in the business plan will be considered as a summary that can be used wildly and can be used in the relevant document of the competition. The Organizer will provide copies of business plans, pitch decks, and 2-minute pitching videos in the competition to the Board of Judges and the relevant person in charge, and request these individuals not to make any additional copies. Any acts of fraud, ethics, and law violations within the framework of the competition, the Organizer has the right to unilaterally cancel the Candidate’s right and has the right to handle according to law.