Connecting technology incubation facilities to accelerate socio-economic development

.vn – Up to this point, Vietnam has 47 technology incubation facilities. However, most of them are in early stage development, just a few come into efficient operation.


In the seminar on technology incubation activities held by National Agency for Technology Entrepreneurship and Commercialization Development under the Ministry of Science and Technology (MOST) on Feb 22 in Hanoi, Mr. Pham Van Dien, Head of the Agency, said that Vietnam has 47 technology incubation facilities so far, yet most of them are in early stage development and just a few come into efficient operation.


According to Mr. Pham Minh Tuan, Chairman of the Board of Topica Education Group and Member of the Steering Committee of Asia Pacific Incubation Network (APIN), Vietnam’s developmental process of technology incubators is in the early stage while the world’s has experienced three generations of incubators. Today, Vietnam’s incubators are operating separately and each has to pool its own resources to survive and develop so they are not very efficient. Moreover, entrepreneurs have not acquired the resources supported by partnership investment like the Government’s incentive support, training, consulting for entrepreneurs including how to raise capital, to market their products and to develop their market share.


Assoc. Prof. Tran Van Binh, Chairman of the Board of BK Holding directly under Hanoi University of Science and Technology, says Vietnam’s incubation trend is lack of a national activity program that aims at raising social awareness of technology incubation’s role to improve the quality of scientific and technological research, increase the successful rate of entrepreneurs, create jobs for graduates and boost the national budget.


According to the senior economist Dr. Le Dang Doanh, the development of technology incubators must be linked to Vietnam’s economic restructuring and becomes a key element of socio-economic development. Vietnam also needs to design a restructuring project of Science and Technology based on its current development. Dr. Le Dang Doanh says S&T must be considered a cure-all for Vietnam’s socio-economic development. Moreover, Vietnam’s enterprises, especially the small and medium, should cooperate to cut costs, increase revenue and competitiveness against foreign enterprises. At the seminar, Deputy Minister of Science and Technology Tran Van Tung confirmed the only way that S&T serves the interests of socio-economic development is from S&T entrepreneurs. Currently, the Ministry is creating a program for supporting S&T businesses with the training of enterprise management and development; and helping to connect technology incubation facilities across the country. – TTXVN