Prize structure

 

HIGH SCHOOL TABLE PRIZES

  • 01 First Prize: 15.000.000 VND (in cash) & Scholarship: equivalent to 50 million VND.
  • 01 Second Prize: 10.000.000 VND (in cash) & Scholarship: equivalent to 40 million VND.
  • 01 Third Prize: 5.000.000 VND (in cash & Scholarship: equivalent to 30 million VND.

 

STUDENTS TABLE PRIZES

  • 01 First Prize: 30.000.000 VND (in cash) & Support Package: equivalent to 30 million VND.
  • 02 Second Prize: 20.000.000 VND (in cash) & Support Package: equivalent to 20 million VND.
  • 02 Third Prize: 10.000.000 VND (in cash) & Support Package: equivalent to 10 million VND.
  • 06 Consolation Prizes: 5.000.000 VND (in cash).
  • Top 20: Support the implementation of student scientific research projects and receive support.

 

 

STARTUP TABLE PRIZES

  • 01 First Prize: 50.000.000 VND. Support Package: equivalent to 50 million VND.
  • 01 Second Prize: 40.000.000 VND. Support Package: equivalent to 40 million VND.
  • 01 Third Prize: 30.000.000 VND. Support Package: equivalent to 30 million VND.

Explanation of the prize structure:

– Support package (if conducted in Vietnam): first, second, and third prize winners in the Startup and Student categories have the right to participate in project development activities in corresponding support packages after the contest: (1) using Innovation Fablab; (2) receiving consultation services (legal matters, intellectual property registration…); (3) receiving one-on-one consultation sessions.

– About 4-5 weeks after the contest, the value of the prize (in VND or USD) is deposited to the individual bank account of the winner representative;

– The incurred personal income tax is deducted by the Organization Board before prize payment; 

– The Organization Board does not interfere with the prize-dividing process among members of winning teams;

– Contestants can receive additional awards delivered by sponsoring businesses (if available).