Ba Ria-Vung Tau fosters a healthy startup ecosystem

10:05 | 17/11/2019 Science - Technology

(VEN) - Ba Ria-Vung Tau (BR-VT) has been strongly focused in recent years on fostering innovation and startups in the southern province.

Mai Thanh Quang, Director of Ba Ria – Vung Tau Department of Science and Technology speaks at the opening ceremony of the "Office for Promoting Startup Innovation in Ba Ria -Vung Tau Province”

It has organized many activities, including establishing a startup page to disseminate, propagandize and update information on startup activities in the province, exchange forums for sharing and connecting startup activities and other events.

BR-VT’s Startup Innovation Contest 2018-2019 attracted 66 registered projects. It expects to hold the 2019-2020 edition by the end of this year.

The province hosted the first edition of Techfest Vietnam in Southeastern region and the “Search for innovation and startup talent in the Southeastern region" contest. These events have proved to be important factors in promoting the startup movement in BR-VT as well as other localities in the region.

The province has also established Startup Clubs and other support organizations like the Employment and Start-up Center at Ba Ria-Vung Tau University and the Center for Science and Technology.

The Ba Ria Youth Startup Incubator, affiliated to the Provincial Youth Union and the "Office for Promoting Startup Innovation in Ba Ria-Vung Tau Province,” inaugurated on July 31 this year, have contributed to strengthening the local ecosystem with supportive policies and provision of actual physical space including training rooms, meeting rooms and incubator rooms.

Alongside the activities of building and fostering a startup ecosystem, the province has promoted entrepreneurship in various ways, including the completion and commercialization of products from startup projects.

In 2018, the province organized 14 training courses on incubation for 618 participants; as well as 26 conferences and seminars on entrepreneurship with a total of 2,200 participants.

To connect development resources with local startup ecosystems, the province has signed a cooperation agreement with the Startup Vietnam Foundation (SVF) to implement an incubation program and develop a network of advisors and investors.

The province has also established connections with startup support partners in Korea, Singapore and Switzerland.

In keeping with the global integration trend, BR-VT will continue its focus on creating favorable conditions for startups and improving mechanisms and policies to attract international resources for innovative startup activities.

With these and other activities, the province will continue implementing its 2019-2025 project to support innovative startups in the SME sector.

Phuong Nghi