Ho Chi Minh City will build an industrial zone for new businesses, including startups, and aid firms with business registration procedures. (Photo: VNA) HCM City (VNA) – Ho Chi Minh City will build an industrial zone for new businesses, including startups, and aid firms with business registration procedures, said Secretary of the municipal Party Committee Nguyen Thien Nhan. He made the confirmation at a meeting held in the city on September 7 to evaluate progress since the Saigon Innovation Hub (SiHub) was established a year ago. Along with private investment, public-private partnerships will be a focus of the city as part of efforts to support startups in branching out, he said. Fierce competition has forced the city to enhance productivity and the use of science and technology, Nhan said, adding that this also requires new enterprises to renovate their … [Read more...] about HCM City to establish startup industrial zone
Startup
Vietnam aims to become startup destination in APEC
APEC delegates talk on the sidelines of an APEC meeting in Ho Chi Minh City (Photo: VNA) HCM City (VNA) – Vietnam is working towards becoming a destination for startup businesses in the Asia-Pacific Economic Cooperation (APEC) region. The Vietnamese Government has set a target of having one million effective enterprises by 2020. Adrian Tan, Programme Director of the Vietnam Innovative Startup Accelerator (VIISA), said “The Vietnamese Government has been visionary in setting such an ambitious goal. It certainly has encouraged Vietnamese people to look to creating startups.” The country’s Ministry of Science and Technology has also been proactive in engaging the startup community and investors about how they can support startups, such as the “The Speedup” programme, he added. To realise the aforesaid goal, Aslam Perwaiz, … [Read more...] about Vietnam aims to become startup destination in APEC
HCM City’s biggest startup event of the year to take place in Oct
The 2017 HCM City Innovation, Startup and Entrepreneurship Week (WHISE 2017), the city’s biggest startup event of the year, will take place from October 23-28. A press briefing takes place on October 17 to introduce about the 2017 HCM City Innovation, Startup and Entrepreneurship Week (WHISE 2017). The WHISE 2017, held by the city’s Department of Science and Technology in partnership with the Embassy of Finland in Vietnam, features about 30 seminars, workshops and discussions, including the Technological Exhibition and Innovation and Startup Conference on October 27-28. It provides an opportunity for HCM City to foster innovation and startup models, said Director of the Department of Science and Technology Nguyen Viet Dung at a press briefing about the week on October 17. It will also gather innovation and startup firms into one startup community for the development of the city’s startup ecosystem and to attract investment, he added. The government of Finland … [Read more...] about HCM City’s biggest startup event of the year to take place in Oct
Too many barriers stifle startups
VietNamNet Bridge - Analysts say that the ecosystem for startups is not well organized to give substantial support to entrepreneurs.A report from the Ministry of Information and Communication (MIC) released in 2016 showed that about 1,000 startups are registered every year in Vietnam. However, only 10 percent of them now exist.Nguyen Viet Dung, director of the HCMC Science & Technology Department, said there is a long distance between the idea of starting a business to commercializing products. The lack of capital, experience and supporters, plus the limited knowledge about laws, are the biggest hurdles for entrepreneurs.The VCCI 2015-2016 startup index report showed that the fear-of-failure index of Vietnamese entrepreneurs is at 46.5 percent. The majority of people starting up businesses are afraid of failure and don’t want to take risks. … [Read more...] about Too many barriers stifle startups
Android co-creator’s startup sued over connector technology
Two of the best-known names in the smartphone hardware business are squaring off in court over new technology that allows phones to connect to devices like cameras without wires or metal connectors. Privately owned Keyssa Inc, backed by iPod co-creator Tony Fadell is suing Essential Products Inc, a smartphone startup founded by Andy Rubin, the co-creator of the Android mobile phone operating system, accusing it of theft of trade secrets in a lawsuit filed on Monday in U.S. federal court in San Francisco. Essential said it had not yet been officially served the lawsuit and could not comment. Keyssa has been working since 2009 on a chip for mobile phones to transfer large amounts of data without using wires or Wi-Fi connections. In August, Keyssa said it was partnering with Samsung Electronics Co Ltd, Foxconn parent Hon Hai Precision Industry Co Ltd and others to make its technology a standard feature on mobile phones. In September, the Essential Phone was released. One of the first … [Read more...] about Android co-creator’s startup sued over connector technology