2023 IMPACT CHALLENGE AT SEA RESULT
2023 Application Result
64%
36%
The proportions of each subsector among all applicants are as follows: The education/care sector accounted for the largest share, followed by energy, marketing, and waste/resource circulation. Information accessibility and food distribution also had significant representation, while mobility, content, and food production were well-represented. Air quality, healthcare, workforce management, and logistics/distribution each had notable participation. This diverse representation highlights the broad range of industries involved. The investment stages were well-distributed, ranging from pre-seed to Series A.
This diversity among the ICAS 2023 applicants, in terms of geography, sectors, and growth phases, reflects the dynamism and potential of Vietnam's burgeoning startup ecosystem, poised to drive regional innovation and economic development.
IR Pitching Day
Highlight
Last year's Pitching Day event served as a collaborative platform for
diverse stakeholders to come together and deepen their understanding of
impact-driven businesses that address societal challenges. The event
brought together impact startups, government agencies, domestic and
international investors, large corporations, as well as for-profit and
non-profit sectors.
By gathering these ecosystem players under one roof, Pitching Day
facilitated the exchange of ideas and fostered a spirit of cooperation
towards a common goal of creating positive social impact. Participants had
the opportunity to network, share their perspectives, and explore synergies
that could propel impactful solutions forward.
With the overarching themes of Green and Digital, the event culminated in
the selection of the top two startups demonstrating the most promising
innovations in these areas. Notably, Alterno, the first-place winner,
garnered significant interest from investors, international organizations, and
partners present at the event. Their groundbreaking sand battery
technology, aimed at combating climate change, gained valuable support
and resources to scale its impact globally.
The Pitching Day event underscored the power of collaboration within the
impact ecosystem. By bringing together like-minded individuals and
organizations, it laid the foundation for collective efforts to nurture and
amplify solutions that can create a more sustainable and equitable world.
Introduction of
2023 ICAS TOP 1~20 Companies
TOP 1
Alterno develops sand batteries that can store power generated by renewable energy and deliver it as thermal energy, replacing fossil fuels in agricultural drying and home heating.
- Alterno is reducing carbon emissions in Vietnam’s crop drying sector by replacing fossil fuels with environmentally friendly processes using its sand battery-based thermal energy storage system.
- Alterno enables Vietnamese farmers to efficiently dry their agricultural produce using sand batteries, leading to increased production output and higher incomes.
- Alterno is planning solutions to address climate change by utilizing sand batteries, closely monitoring international green policies.
TOP 2
Viec.co develops a platform and software for field workers and companies, providing job matching, digital time attendance, automated payroll services, and more.
- Viec.co creates decent work by enabling legitimate contracts, preventing employment fraud, and providing insurance services.
- Moreover, Viec.co aims to provide training courses and vocational education in the future for workers to empower the worker’s ability and contribute to income increase.
TOP 3~10
Azota
Assignment and test submission LMS for
teachers and students
Control & Automation Solutions
Eco-friendly agribusiness producing organic vegetables through rooftop urban farming
Koina
Agricultural technology solutions and financial services for local farmers.
MINDFULLY TECHNOLOGY
Platform for mental health prevention contents
Rayo Lab
Browser services to improve web accessibility
SmartR
B2B SaaS-based workforce talent management and productivity improvement solution
Solano Energy Vietnam
Revolutionizing household power distribution in Vietnam with solar battery
modules
Wiibike Vietnam
Electric bikes for an eco-friendly lifestyle
TOP 11~20
Alpha Asimov Robotics
Unmanned autonomous delivery robots reducing last-mile delivery costs.
Buyo
Producing biomass-based biodegradable plastics.
Digime
Providing comprehensive location data solutions empowering businesses.
DIZIM
AI-powered automated video production SaaS platform
Foodmap Asia
Agricultural traceability system and IoT platform connecting farmers and customers.
Graphenel
Agricultural traceability system and IoT platform connecting farmers and customers.
LC VIETNAM TECHNOLO GY
Smart water, energy monitoring and management system
PINGGO
Direct-to-consumer distribution platform connecting retailers with consumers
SCALEUP
AI-powered omnichannel activation solution for retailers
WEGROW
Providing sex education content for young people.
Co-hosts
Partners
