TP&P Technology: Startup Incubator and Software Solutions Partner

We aim to attract clients by providing unique services of the highest quality, which clients will be willing to pay regardless of the cost

The firm is a committed investor with a flexible client-oriented approach and views its investments as long-term partnerships. TP&P invests in promising startups in Vietnam as well as startups in bigger economies like the U.S. and Singapore. TP&P acts as a technology startup incubator, nurturing budding startups by advising them and providing them with technical product development support, marketing strategies and funds. Toan Nguyen, founder and CEO highlights the understated challenge startups often encounter when recruiting talents or partnering with larger IT companies for software product development support. These startups—who need a certain degree of flexibility—find it difficult to deal with or keep up with their bigger partners, who often lack this required flexibility. Nguyen states, “When the company was first founded, we encountered the same challenges, as any fledgling company, of building up capacities to expand and obtain new business opportunities especially attracting, hiring and retaining the talent in a cost-effective way. Customers do not compromise with quality of resources and deliveries, while expecting cost-effectiveness. However, we were able to overcome them by promoting human resources centric strategy within the organization and creating the environment where each individual considers oneself as a part of the company such as sharing the company vision, purpose of works, giving the employees appropriated authority and autonomy to accomplish their jobs, and offering employees the company’s stock. TP&P has exceeded our expectations in the early stages and we’re anxiously looking forward to what lies ahead.”

A case study of one of TP&P’s clients, involves a prolonged three-year business venture that ended up in futility. TP&P entered the frame and helped this client build its product from scratch. The new product that they developed together was more scalable and performed well in the market, providing significant returns.

With Vietnam’s IT boom slowly reaching its zenith, IT professionals are in demand and highly skilled workers are difficult to recruit. This presents a suitable time for professionals with the right skills. However, Nguyen admits that over the next five to ten years the country might lose its favorability as a low-cost outsourcing destination to its neighbors. And, to counter such plausibility TP&P adopts a long-term strategy. “We acknowledge that we cannot continue to offer cost-effective measures forever. Therefore, we aim to attract clients by providing unique services of the highest quality, which clients will be willing to pay regardless of the cost.”

The firm has a pragmatic approach in developing its products, partnering with industry leaders who possess the experience, knowledge, and network of association to develop quality products. With added emphasis on the quality of its service, flexibility in its core, supported by a young, enthusiastic talent pool and led by a visionary approach, TP&P Technology aims to partner with major corporations and nurture budding startups around the world, raising IT standards along the way.