This is Plug and Play's third working session in Ho Chi Minh City, after two meetings with universities in Ho Chi Minh City on July 1 and the business community on July 3, according to Mr. Jojo Flores, co-founder of this incubator, is to learn about the situation and development trend of the startup and innovation ecosystem in the city to find cooperation options. Through the discussion, Plug and Play may have found a suitable environment to enter.

Mr. Jojo Flores, in the opening, said he is back in Asia this time to lead the expansion of Plug and Play's operations here. “We have five offices in China, three in Japan, and one in Korea, Singapore, Philippines, Thailand, Malaysia and Taiwan, and hope to have an office in Vietnam soon,” said Mr. Jojo. Flores said. In a private conversation with KTSG, Mr. Jojo Flores also said that Plug and Play's activities in Southeast Asia would not be complete without Vietnam.

Plug and Play mainly invests in early-stage businesses (startups), and has currently invested in about 2,000 startups, of which 30 have become technology unicorns (with market value in the world (1 billion US dollars). “We invest in about 200-250 startups every year globally, about 30 to 50 startups in Asia alone,” said Mr. Jojo Flores, adding that when Plug and Play invests in Vietnam. To prepare for this step, Plug and Play needs to learn about Ho Chi Minh City's policies related to the startup and innovation ecosystem.