Da Nang has become nucleus of innovation in central region: Official
Da Nang City, positioned as the central region's center and nucleus of innovation, has become an ideal destination for startups as various incentives and special policies have been implemented to provide financial and tech support and develop intellectual property assets.
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According to Da Nang's Director of the Municipal Department of Science and Technology, Le Thi Thuc, with favorable mechanisms and policies, together with efforts by elements of the startup ecosystem, local startups, and innovation will see robust development, playing an important role in boosting enterprises, bolstering economic growth, and improving the quality of life.
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| Da Nang City is the nucleus of innovation in the central region. (Source: VNA) |
The National Assembly recently issued a resolution on the urban administration and several special policies for the city, comprising science-tech and innovative breakthroughs expected to facilitate the development of startups, she said.
More than 5 billion VND (200,800 USD) has been provided for local startup and innovation projects over the past three years, with the outstanding ones being the FiveSS e-commerce platform that connects suppliers and customers in the area of construction and EM&AI JSC that researches and develops AI services.
The Centre for Innovative Startup Support has worked to introduce local startup projects to international investment funds. At the same time, the city launched the Da Nang – Seoul Startup Innovation Centre and is promoting the establishment of Vietnam – the Republic of Korea Investment Fund to create favorable conditions for startups to get off their grounds.
Deputy Director of the State Agency for Technology Innovation under the Ministry of Science and Technology Nguyen Duc Hoang said there is a substantial gap between policies and their implementation in technology application and transfer and innovation activities in localities and enterprises in the central region. Against that backdrop, the agency will join hands with local Departments of Science and Technology to boost cooperation in research, technology transfer, and innovation with countries and territories while helping the localities evaluate their production capacity and identify technology needs in their key areas to have rational support measures.
(Source: VNA)
