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Da Nang promotes growth of startup ecosystem

The central city of Da Nang has applied various measures to encourage individuals and organisations to join startup ecosystem towards the goal of becoming an innovative startup centre of the region.
Da Nang promotes growth of startup ecosystem ảnh 1Illustrative image (Source: https://tuoitre.vn)

Da Nang (VNA) – The central city of Da Nang hasapplied various measures to encourage individuals and organisations to joinstartup ecosystem towards the goal of becoming an innovative startup centre ofthe region.

Along with supporting startup businesses and theestablishment of incubators, the city has built a project to develop themunicipal startup ecosystem towards 2020 with a vision to 2030, along with anumber of relevant projects.

According to Vice Chairman of the municipal People’sCommittee Le Trung Chinh, the projects are part of the city’s efforts to realisethe Politburo’s resolution on the city’s development towards 2030 with a visionto 2045, aiming to turn the city into one of the hubs for startup andinnovation in the central and Central Highlands regions.

To this end, the city has strengthened communications andassisted businesses to enhance their capacity, while connecting startupnetworks in and outside the city.

So far, the city has supported 68 firms at a total cost of13.81 trillion VND (593.83 million USD).

In terms of infrastructure, the city has built a working andstartup area covering 1,836 sq.m in Son Tra district, while cooperating withthe Ministry of Science and Technology to design a national startup centre inthe area.

Over the past three years, local startup incubators havelaunched more than 60 projects in tourism, agriculture, health care, education,food processing, IT, transportation, and environment. Many of the projects havedrawn interest from investors.

Each year, the city assigns specific tasks for eachdepartment and sector in supporting startups at an investment of nearly 14billion VND since 2017.

Director of the Department of Science and Technology Thai BaCanh said that the city has connected with foreign organisations to introducethe investment environment of Da Nang.

Last year, the city coordinated with the Ministry of Scienceand Technology to hold the Techfest Vietnam with the participation of PrimeMinister Nguyen Xuan Phuc, representatives from ministries, sectors, foreigndiplomats, startup organisations, investors and startup companies. At theevent, 160 contacts were made with a total value of 7.86 million USD.

Alongside, the city has supported the organisation oftraining courses for those who are interested in launching startup to providethem with necessary knowledge.

Da Nang has also built a communications programme toencourage the startup movement in the locality./.
VNA
#Da Nang #startup ecosystem #innovative startup #startup #incubators #startup networks #Techfest Vietnam #investment environment of Da Nang #Vietnam #Vietnam news #Vietnam News Agency Da Nang
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