A technology commercialisation project modelled after the Silicon Valley was launched in Hanoi on October 18.
The project is designed to help Vietnamese hi-tech business start-upsupgrade their products. At the same time, many experienced US expertsfrom Silicon Valley will offer them marketing tactics so that it willbe easier for them to attract venture capital, even if their productsare in the concept stage.
Successful start-ups are expected toforge a wave of innovations which will transform the whole economy withhi-tech and superior products, instead of low-value andlabour-intensive ones like now.
During the 2013-2014 period,promising start-ups will take training courses offered by SiliconValley experts. Once graduated, they will be invited to attend the DemoDay, a similar event held annually in the US where they are able toexperience the future of innovation and expand their contact lists.
A social investment fund named “Start-up Vietnam Foundation” will beset up to call for domestic and foreign investment while introducing newVietnamese business players to various venture funds and start-uptraining networks across the US.
According to Minister ofScience and Technology Nguyen Quan, thousands of universities, researchcentres, organisations and individuals both at home and abroad apply forpatents in Vietnam each year. However, how to commercialise themremains a challenge.-VNA
The project is designed to help Vietnamese hi-tech business start-upsupgrade their products. At the same time, many experienced US expertsfrom Silicon Valley will offer them marketing tactics so that it willbe easier for them to attract venture capital, even if their productsare in the concept stage.
Successful start-ups are expected toforge a wave of innovations which will transform the whole economy withhi-tech and superior products, instead of low-value andlabour-intensive ones like now.
During the 2013-2014 period,promising start-ups will take training courses offered by SiliconValley experts. Once graduated, they will be invited to attend the DemoDay, a similar event held annually in the US where they are able toexperience the future of innovation and expand their contact lists.
A social investment fund named “Start-up Vietnam Foundation” will beset up to call for domestic and foreign investment while introducing newVietnamese business players to various venture funds and start-uptraining networks across the US.
According to Minister ofScience and Technology Nguyen Quan, thousands of universities, researchcentres, organisations and individuals both at home and abroad apply forpatents in Vietnam each year. However, how to commercialise themremains a challenge.-VNA
