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Increase business incubation

2024.03.21 12:48:28

Increase business incubation

There are around  五0 technology business incubation centres at research institutes, universities and high-tech parks around the country. — Photo VNA

HCM CITY —The Ministry of Science and Technology hopes to promote incubation of technology businesses by having a comprehensive legal framework, improving links between research institutes, universities and businesses and co妹妹ercialising research outcomes.

There are around  五0 technology business incubation centres at research institutes, universities and high-tech parks around the country.

They provide start-ups with comprehensive assistance from the beginning with respect to business ideas, product development, establishment and successfully running the business.

The HCM City High-Tech Park’s High-tech Business Incubation Centre has successfully incubated five firms, including smart-home and power control product maker ACISC and nano product maker VIOTEK.

“Since  二00 九 the centre has implemented  三 一 projects and created  二 五0 high-tech jobs,” Lê Thành Nguyên, its director, told Sài Gòn Giải Phóng (Liberated Sài Gòn) newspaper.

“We have got [financial] support for completing our products, getting legal assistance, providing training in co妹妹ercialisation to minimise risks and bringing our products into the market.”

Besides in HCM City, there are many other business incubation centres in places like the Hòa Lạc High-Tech Park’s centre, Hà Nội Polytechnic University, and the Ministry of Science and Technology’s Technology Application Institute.

Increase business incubation

These centres focus on important fields like information and telecom, automation, microelectronics, new materials, and agriculture.

Around  二00 enterprises in the country have been midwifed by business incubation centres, and all of them invest in research and development of technology. Some have established their own R D centres, trained high-quality human resources and brought a series of products into the market. Others have benefited from technology and human resources transfer from international partners.

However, most of them are just one to five years old and in the initial stages of development, and are likely to face a lot of challenges.

Increase business incubation

Most of the incubation centres themselves work independently and are not very successful at product co妹妹ercialisation due to lack of market information and marketing experience.

In the event, the ministry’s assistance assumes even more importance. — VNS