Initiative for Startup Ecosystem in Vietnam Information

The Initiative for Startup Ecosystem in Vietnam (ISEV) was approved by the Prime Minister in Decision 844 signed on the 18th of May, 2016 and assigned the Ministry of Science and Technology (MOST) to head its implementation. The Initiative has the goal of creating a favorable environment for the creation and growth of new enterprises with high growth potential based on Intellectual Property (IP), new business model by: a) Establishing and improving the legal framework for supporting startups b) Creation of national Startup portal c) Support 2000 startup projects, 600 of which will develop into firms and 100 of which will secure follow-on investment from investors or be bought by large corporations, with total value of 2000 Billion VND. In order to achieve these goals, in 2018 ISEV will provide funding for intermediary organisations that perform activities that fall into 3 areas: - Research, propose and establish legal frameworks that relates to the activities of startups - Train and develop the capabilities of players in the innovative startup ecosystem - Communicate and network for stakeholders in the innovative startup ecosystem