Support to the innovation and development of business incubators policy project (BIPP) (MoST)

The General Objective of this project aims to contribute to the social-economic development strategy of Vietnam and assist Vietnam to continue its economic growth to become an industrialized nation by the year 2020 through a strong force of S&T enterprises. The project has been designed to improve the policy framework for technology business incubation: an essential element of increasing the competitiveness of Vietnamese enterprises. The project will support the Ministry of Science and Technology to develop an appropriate enabling environment for the establishment and growth of technology business incubators and their S&T clients. The resultant changes in policy and legal framework will be field tested through two technology incubators (one in Hanoi and one in HCMC) and through a pilot capacity building fund (Innofund) which will support the management of other established incubators and their tenants throughout Vietnam. Best practice and lessons learnt will be captured through a comprehensive monitoring system and the results fed back into further policy development.

The Specific Objective of the project is to support the MoST in developing an enabling environment for S&T SMEs based on an improved legal framework and a set of coherent mechanisms for starting and operating S&T incubators to enhance the S&T SME sector.