Fostering Innovation and Collaboration in the Ecosystem
In the coming years, the focus must be on facilitating open innovation and collaboration among various players in the ecosystem. Large corporations, government agencies, business associations, and social organizations should all play a role in fostering innovation. It is crucial to connect startups with challenges and opportunities, allowing them to address pressing issues through innovation.
Promoting International Cooperation
Vietnam’s participation in international trade agreements and collaborations with global organizations is key to strengthening the innovation ecosystem. By leveraging these partnerships, Vietnam can attract international capital, share knowledge, and benefit from global technological advancements. Collaboration with the Vietnamese diaspora abroad also offers opportunities to access expertise, innovation practices, and investment for startups.
Attracting and Coordinating Resources
- Developing Investment Markets for Innovation:
- Strengthen the development of innovation-driven investment funds, including government-backed funds and private venture capital, to support startups.
- Mobilize resources from large corporations, international investment funds, and other sectors to contribute to Vietnam’s innovation ecosystem.
- Build a network of skilled professionals, mentors, and international advisors to support national and regional startups.
- Building a Positive Culture of Innovation:
- Promote a culture that embraces entrepreneurship and innovation, encouraging individuals to take risks and contribute to the growth of the ecosystem.
- Continue to develop policies that encourage domestic technological capacity, focusing on the development of industrial capabilities and innovation capacities.
