Genesia Orbit: New Startup Launchpad in Ho Chi Minh City | Vietcetera
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Aug 09, 2024
Startup

Genesia Orbit: New Startup Launchpad in Ho Chi Minh City

Genesia Ventures is introducing its Genesia Orbit platform in Ho Chi Minh City. This launch is intended to significantly impact the local startup ecosystem.
Genesia Orbit: New Startup Launchpad in Ho Chi Minh City

Genesia Orbit Saigon. Source: Genesia Ventures.

Genesia Orbit aims to support Vietnam's startup community by providing a combination of resources, networking opportunities, and infrastructure to help startups progress to their next stage of growth.

From Shibuya to Ho Chi Minh City: A cross-border leap

After making waves in Tokyo's Shibuya district, Genesia Orbit is crossing borders. This isn't just an expansion; it's a full-throttle commitment to Vietnam's entrepreneurial firepower.

The move signifies Genesia Ventures' unwavering belief in the potential of Vietnamese startups. By bridging the gap between international players (with a particular focus on Japan) and local innovators, Genesia Orbit aims to create a hub of ideas, cultures, and business practices.

This cross-pollination of knowledge and resources could be the secret sauce that elevates Vietnam's startup ecosystem to global recognition.

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Genesia Orbit platform in Shibuya, Tokyo, Japan. Source: Genesia Ventures.

OMO: Where offline meets online

Forget your run-of-the-mill incubators. Genesia Orbit HCMC is bringing the OMO (Offline Merged with Online) concept to life, creating a turbocharged platform for startup growth. This isn't just about providing a trendy workspace with fast Wi-Fi and free-flow coffee.

Genesia Orbit is reimagining what a startup hub can be in the digital age. By seamlessly blending physical and virtual elements, it creates an environment where chance encounters can lead to game-changing collaborations, and where online tools amplify the power of in-person networking.

It's a space designed for the way modern startups actually work – fluid, connected, and always on.

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Source: Genesia Ventures.

The collaborative DNA fueling Genesia Orbit

The concept of Orbit originated from Genesia Ventures' quarterly Founders Gathering events, where startup founders shared challenges, lessons, and expanded networks for cooperative endeavors.

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Source: Genesia Ventures.

The development of Genesia Orbit HCMC itself was a collaborative effort involving multiple portfolio startups. MVillage played a crucial role in location scouting and construction, while VCA Coffee pioneered the coffee experience space within Orbit. ACALL provided the check-in and booking management software, and the engineering teams from Rootopia and BuyMed made significant contributions to platform development. This collective endeavor highlights the synergy and mutual support among Genesia Ventures' portfolio companies.

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Genesia Orbit in Ho Chi Minh City. Source: Khooa Nguyen for Vietcetera.

By leveraging the strengths of its portfolio companies, Genesia Ventures has created a space that truly understands and caters to the needs of startups. It's a living, breathing example of the collaborative spirit that defines successful startup ecosystems. This approach ensures that Genesia Orbit isn't just a space, but a community built on mutual growth and shared success.

Ring that bell: celebrating milestones

In a nod to Wall Street tradition, Genesia Orbit features its own success bell. Ring it once when you join, and again when you crack the Product Market Fit code. This simple yet powerful ritual serves multiple purposes.

It's a moment of celebration, recognizing the hard work and dedication that goes into every startup journey. It's also a source of motivation, reminding every member of the Orbit community of the milestones ahead. Most importantly, it's a shared experience that binds the community together, creating a culture of mutual support and celebration.

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Source: Genesia Ventures.

Unpainted eyes, unwavering spirit

A special Daruma doll, eyes purposefully blank, stands as a silent motivator. It's a constant reminder: in the startup world, the fight never ends. This traditional Japanese symbol of perseverance takes on new meaning in the context of Genesia Orbit.

Its presence serves as a daily reminder of the grit and determination required to succeed in the startup world. The unpainted eyes represent the ongoing journey, the unfinished business that drives entrepreneurs forward. It's a physical embodiment of the "keep fighting" spirit that defines successful startups.

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Source: Genesia Ventures.

Lessons from the Launchpad to stay on-orbit

Takahiro Suzuki, General Partner at Genesia Ventures, shares invaluable insights gleaned from the Orbit journey. He emphasizes that trust is the true currency in the startup world, built over years, not months. This long-term perspective is crucial for startups looking to build lasting relationships with investors, partners, and customers.

Suzuki also highlights the importance of teamwork that goes beyond words and into action. In the fast-paced startup environment, teams that can operate with unspoken understanding and make swift decisions have a significant advantage.

Lastly, he stresses the importance of having a clear vision of Product Market Fit, backed by measurable indicators and unwavering discipline. This focus on tangible goals and metrics is what separates successful startups from those that fade away.

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Source: Genesia Ventures.

A Comprehensive Platform for Vietnam's Startups

As Ho Chi Minh City's innovation ecosystem evolves, Genesia Orbit aims to be a central hub. It's designed not just as a workspace but as a comprehensive platform supporting Vietnam's burgeoning startups. The platform's approach, combining physical space, digital tools, and a collaborative community, seeks to accelerate the growth of promising startups in Vietnam.

By providing resources, fostering connections, and cultivating a culture of innovation, Genesia Orbit aspires to contribute significantly to the development of the local startup ecosystem.