RMIT, SIHUB sign MoU to boost startup and innovation ecosystem

15:03 | 20/07/2018 Companies

(VEN) - RMIT University Vietnam recently signed a Memorandum of Understanding (MoU) with the Saigon Innovation Hub (SIHUB) at the University’s Saigon South campus.

Through the MoU, RMIT Vietnam and SIHUB will cooperate in co-hosting entrepreneurship and innovation-focused national and regional events and programs on a case-by-case basis, in addition to exchanging relevant information, expertise and respective available resources.

Mr. Huynh Kim Tuoc, Managing Director of SIHUB, said that educational institutions play a crucial role in the development of startup and innovation ecosystems in Ho Chi Minh City.

“Universities can contribute to this development by designing a standard system of activities, including providing training, building startup and research spaces, and commercialising research outcomes,” Mr. Tuoc said. “However, it is a new concept to many local universities, and might not be fully developed in a short period of time.”

Mr. Tuoc hopes that through its great potential, strengths, and staff and students, RMIT Vietnam can be a role model for other local universities to learn from.

“Based on the example of RMIT Vietnam, we can show local institutions how to provide entrepreneur and innovation programs in a university, how to organise entrepreneurial activities within a university, how to form an activator space or activity…and especially how to commercialise research outcomes,” Mr. Tuoc said.

RMIT Vietnam President Professor Gael McDonald said: “We see many opportunities where we can support and also learn from SIHUB”.

Professor McDonald also discussed an entrepreneurship roadmap for RMIT Vietnam students, as well as the University’s just-launched Activator space, where they can nurture their enterprising spirit and practices. “We have created a physical presence whereby our students can get themselves into a group or get support for ideas that they have”, she added. “We have also developed the Graduate Certificate in Business Startups which consists of four courses that can be undertaken either through intensive learning or over weekends, as a group or individually, and each one of those courses can be cross-created back into the Master of Business Administration, Master of Business Administration (Executive) or Master of International Business.”

Through these and other initiatives, Professor McDonald believes that the University is well-placed to enhance Vietnam’s entrepreneurial and innovation ecosystem.

My Phung