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Start-ups to receive strong IIP support from 2016

2 December 2015

Viet Nam's projects involved in the development of the start-up ecosystem will receive funding and human resource assistance from the Viet Nam-Finland Innovation Partnership Programme Phase Two (IPP2) in 2016.

The IPP2 will also assist Vietnamese universities and education establishments to develop training courses on innovation and start-ups.

The IPP2 will fund 70 per cent of the project's personnel expenses, worth total €50,000. The projects with best results will receive additional funds from the IPP2, up to €100,000, to boost their performances.

The phase-two innovation programme will also organise a series of events based on its activities, including four introductory meetings in early December and two workshops in late December and early January of next year.

The first two introductory meetings were held on December 1 in Ha Noi and on December 2 in Da Nang, while the remaining two meetings will take place on December 3 in Can Tho and on December 8 in HCM City.

These activities aim to initiate projects for Vietnamese start-ups in order to help them develop faster. The projects could be start-up incubators, start-up acceleration centres, and other services for local start-ups and small businesses.

The IPP2 also calls for registrations from those who are concerned about the start-up ecosystem in Viet Nam so that both sides can have some discussions before reaching an agreement.

The registrations should be written in English, and participants can find detailed information on IPP's website at www.ipp.vn.

The Innovation Partnership Programme (IPP) is an Official Development Assistance (ODA) programme signed between the Viet Nam government, represented by the Ministry of Science and Technology, and Finland's government, represented by the Ministry of Foreign Affairs.

The IPP Phase Two (IPP2) was launched in 2014 and will last until 2018. Its main role is to initiate, support and improve innovation and the start-up ecosystem in Viet Nam by launching new activities to connect start-ups in different regions of the country and in the international community.
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