Ho Chi Minh City, 1st June 2023 

SK Group – the second largest conglomerate in Korea, ranked among the Top 100 global companies in the Fortune 500 – has officially kicked off the 4th batch of SK Startup Fellowship 2023 (SKSF 2023, Batch #4). SKSF has granted over USD 1 million in equity-free funding to 37 Vietnamese startups for 3 consecutive years from 2020 to 2022. SKSF 2023 Batch #4 is back, committing to providing $265,000 in grants and a fully sponsored Business Trip to South Korea for top 10 outstanding Vietnamese startups, along with numerous exclusive benefits. 

Started in 2020, SK Startup Fellowship Program (SKSF) is an annual program of SK Group aiming to provide direct support to Vietnamese startups and demonstrating its commitment to long-term investment in the Vietnamese market. The SKSF program seeks to discover talented early stage startups and provide ongoing support for their growth while building a long-lasting companionship. SKSF 2023 (Batch #4) introduces several noteworthy enhancements, promising to deliver even more value to startups. This year’s SKSF program will be divided into two phases: 

Phase 1: SKSF 2023 is seeking the Top 15 startups from all sectors, preferably technology startups addressing social impact issues in Edtech, Med/Bio, Fintech, Deep Tech, and more. The Top 15 will participate in in-depth training sessions and receive feedback from SK Group experts and Program Partner BSSC through company visits.

Phase 2: SKSF 2023 will select the Top 10 startups for the final round, offering the opportunity to receive equity-free funding of $50,000 for each of the Top 3 and $15,000 for each of the remaining 7 startups. A special benefit of the program this year is that the Top 10 will receive full sponsorship from SKSF for a Business Trip to South Korea to meet and connect with Korean startups and investors. This is a great opportunity for Vietnamese startups to get experience as well as international business collaboration and fundraising opportunities from the Korean market. 

Throughout the 6-month program, the Top 10 will receive comprehensive non-financial support, including building high-quality business networks with SKSF alumni, VCs, SK Group’s member companies across 40+ countries, and the business community of Program Partner BSSC to explore business cooperation opportunities. The program also offers highly valued 1:1 mentoring, connecting startups directly with experienced experts who provide valuable insights and guidance, as recognized by many previous alumni for the quality and value they have received.

Outstanding startups at Demo Day of SK Startup Fellowship 2022

SKSF is proud to lay a strong foundation for the continued growth and success of its startups fellows, many of which have proven their significant potential with successful fundraising rounds after completing the program. A total of approximately USD 140 million has been invested into SKSF’s alumni startups such as Validus Capital, MindX Technology, Logivan, Cooky Corp, Phenikaa Maas, Palexy, Gimo, Earable, Med247, Selly, Vuihoc, Bizzi Vietnam, Fundiin, SoBanHang, Selex Motors, to name a few.

Alumni SK Startup Fellowship 2022, Batch#3 at Demo Day

SK Group is steadfast in its commitment to ensuring that Batch #4 of SKSF continues to deliver tailored and holistic support that precisely meets the needs and aspirations of startups. The program aims to strengthen training, mentoring, and networking activities, and support startups in building a high-quality network with partners and investors. SKSF Batch #4 aspires to stay true to enhancing 1:1 mentoring sessions with the support of experts, investors, seasoned entrepreneurs that have a comprehensive understanding of technology and the market.

Mentors of SK Startup Fellowship 2022, Batch#3 at Demo Day

SKSF Batch #4 continues to collaborate with Program Partner BSSC to enhance the value for startups by creating deep connections within the Vietnamese Startup Ecosystem.

SK Startup Fellowship 2023, Batch #4 is now open to Vietnamese startups from all sectors. The program particularly encourages startups that are leveraging technology to address social challenges and create a positive impact on society to apply. Whether you are in the early stage or post-seed stage, and have already launched products with positive revenues, SKSF welcomes your participation in the program.​​ Additionally, hi-tech startups with patented services or products are eligible even without revenue at this stage. Vietnamese startups, don’t miss out the opportunity to become a part of SKSF Batch #4 !

Details are as follows:

The organizer: Organizer: SK Group – the second largest conglomerate in Korea. With nearly 70 years of establishment history, SK has more than 100 subsidiaries that operate across over 40 countries and territories, in a variety of industries such as Energy, Telecommunications, Semiconductors and Materials, Biotechnology, and other services. SK Group recorded revenue of US$139 billion in 2021 and was ranked in the Top 100 Global Enterprises of Fortune 500. Since 2018, SK Group has officially entered the Vietnamese market through major investments such as approximately US$1 billion investment in Vingroup, more than US$1.2 billion investment in Masan Group and its member companies, etc. In 2020, SK Group launched the SK Startup Fellowship program, demonstrating its commitment to long-term investment in the Vietnamese market. SK Startup Fellowship (SKSF) has provided over $1 million in non-equity grants to 37 Vietnamese startups for 3 consecutive years from 2020 to 2022.
Program Partner: BSSC is one of the most prestigious and largest startup support organizations in Vietnam. BSSC’s ecosystem has more than 15,000 Startups/SME, 25,000 Entrepreneurs, 100 Mentors and Experts, 200 Angel Investors and Venture Capital Funds. As the Program Partner of the SK Startup Fellowship from 2021 to 2023,  BSSC is committed to contributing quality resources to the program.
Application form: Deadline: 16/06/2023