Can Tho to issue operation regulations for technology incubator

Illustrative image (Photo:VNA)

Can Tho will issue regulations on the operations of the Vietnam – Republic of Korea industrial technology incubator in the city, said Nguyen Minh Toai, Director of the municipal Department of Industry and Commerce.

Under the regulations, projects have to satisfy selection criteria to be accepted at the incubator, technology projects by individuals and organisations must sign contracts before entering the park and projects must go through an examination council to be judged as completed.

The department said the facility will be managed by its Incubator Development Centre.

Outcomes of technology projects completed in the incubator will be applied at the O Mon Industrial Park towards commercialisation.

The Vietnam-RoK industrial technology incubator project started in the city at the end of 2013.

The 21.13-million USD project, paid for by the RoK side through non-refundable assistance, aims to step up research and development of the city’s major industries, including agricultural and aquatic product processing and agriculture-served mechanics.

Once finished, the project will support businesses based in Can Tho and the Mekong Delta to innovate their existing technologies and access better ones as well as increase the quality of products and their operational effectiveness.-VNA