TOP

faq

Please contact us via email at info@impactchallengeatsea.com for any additional inquiries.

  • Is it necessary to establish a Vietnamese corporation?
  • →Applicants must be registered either as a Vietnamese corporation or cooperative.
    →The respective supporting documents are the Enterprise Registration Certificate (ERC / Giấy chứng nhận đăng ký doanh nghiệp)and the Cooperative Registration Certificate(Giấy chứng nhận Hợp tác xã).

  • Is it necessary to establish a Singaporean holding/parent company?
  • It is not required, but for final investees, having a Singaporean holding/parent company is crucial.

  • Is it possible to apply if the team's representative is not Vietnamese?
  • Only teams with Vietnamese-national representatives can apply. The representative must meet one of the following conditions:

    1.The company’s legal representative,
    2.The CEO of the company
    3.The co-founder of the company

  • Can startups outside the green and digital fields participate?
  • Only teams in these fields will be selected, but all applicants will be reviewed for potential prizes and investments.

  • What administrative tasks are required for prize money?
  • All teams must complete an online IMP(Impact Management Project) course. Additional requirements vary based on ranking.

  • How do teams know if their business theme is eligible?
  • Refer to the website's Theme menu for examples.

  • Can teams apply regardless of team size?
  • Yes, teams of any size can apply.

  • What is the time frame for this competition?
  • If your team is selected as Top 11~20: Prize money will be given and the challenge ends.

    If your team is selected as Top 10: You must participate in the IR Pitching Competition in Ho Chi Minh City on August 17 2023. (Challenge ends for the teams that did not advance to Top 2 and TOP1 on the day of the competition after finishing the online impact measurement course.)

    If your team is selected as Top 2 and TOP1 : The 2 teams will operate the business using the prize money given, from August 2022 to October 2022, and they will be given the opportunity to participate in an online accelerating course, and mentoring. The total prize money will be distributed twice. (first half, after the competition and second half, after finishing the online courses.(September and October))

    Selection of investee company: Among TOP20, investee company could be reviewed and will be announced during November.

    *Time frame above is subject to change.

  • Can Top 1 differ from the final investee?
  • Yes, the final investee may differ from Top 1, based on investment review.

  • What if a team recently established a corporation and does not have financial statements?
  • For startups without financial statements for previous years, please use the sample template provided on our website and If there are no financial figures available, please input '0'.

  • What are the guidelines for the IR Video?
  • The IR Video needs to consist of the IR Deck and the representative(presenter) should appear (face, voice).
    Length: 3 minutes / File type: mp4
    *The overall quality of the video(audio, camera, etc.) should be clear and teams are responsible for any errors caused with the video (inaudible, file type error, etc.).
    *Please refer to Apply page for further guideline.

  • Is there an application fee?
  • There is no application fee for this competition.

  • What's the next step after submitting the application?
  • Teams passing document screening will be notified individually via email.

  • We have been nominated by two organizations from the provided list, but the selection process does not allow for multiple choices. What should we do?
  • Since duplicate nominations are not allowed, you will need to choose one recommendation from the two.

  • Can a Cooperative Registration Certificate* be submitted instead of an ERC**?
  • Yes, if the applicant is a cooperative rather than a corporation and does not have an ERC, a Cooperative Registration Certificate can be submitted as an alternative.

    * Cooperative Registration Certificate
    (Giấy chứng nhận Hợp tác xã)
    **Enterprise Registration Certificate (ERC)
    (Giấy chứng nhận đăng ký doanh nghiệp)

  • Is it possible for the World Vision Prize to be given in addition to the Top 20 prize?
  • Yes, the World Vision Prize can be awarded in addition to the Top 20 prize. It can be given to multiple recipients within the Top 1-20, with 1-2 companies selected to receive up to $20,000.