Local innovation hubs wait for encouragement from National Startup Support Centre
Local innovation hubs wait for encouragement from National Startup Support Centre
The establishment of the National Startup Support Centre is expected to tighten the connection between innovation hubs and incite them to operate in a more sustainable way.
The National Startup Support Centre was established to create a more fertile playground for local innovation hubs
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Innovative and creative startups have been garnering great interest from local authorities. Plenty of supportive institutes have been formed and put into operation, especially the National Innovation Centre under the Ministry of Planning and Investment, Youth Support Centre Debut under the Ho Chi Minh Communist Youth Union, student support centre debut developed by universities, and startup support centres founded by local authorities in Danang, Haiphong, and Quang Nam, among others. The establishments have contributed to the creation of a dynamic ecosystem, luring in immense resources for startup development.
However, the operation of major centres is not yet sustainable while inter-institutional linkages are scarce to be of sufficient benefit for the thousands of startups across the country. To improve this, it is necessary to establish a working discourse among the centres to promote a new mentality and more effective operations to step-by-step standardise themselves and assert their positions in the startup community over the country.
More importantly, a national-level establishment should be founded to regulate and support the centres, especially by creating linkages between state centres and training institutes, as well as companies.
To this effect, under Resolution No.02/NQ-CP dated January 1, 2019, the government assigned the Ministry of Science and Technology to build startup support centres across the country, starting with Hanoi, Danang, and Ho Chi Minh City. As a result, the National Startup Support Centre under the Ministry of Planning and Investment was founded to meet the requirement.
The Ministry of Science and Technology’s project titled “Supporting the startup ecosystem and national innovation to 2025” is angling to find highly capable partners to accompany the ministry in evolving the new National Startup Support Centre.
Decree No.94/2020/ND-CP on August 21 outlined the policies and incentives for the National Startup Supportive Centre under the Ministry of Planning and Investment (MPI). The most highlighted content fo the decree include credit, tax, and land leasing incentives. Accordingly, the government directed the relevant ministries to review and apply partial or full support policies or incentives to innovation hubs and other startups.
