VinTech City, a member of Vingroup, was founded with the aim of supporting the Vietnamese ecosystem of tech research and startups, following the success model of Silicon Valley. To realize such mission, VinTech City has identified three fundamental areas of activities: Tech talents, tech products, and an ecosystem of supporting activities. Among these factors, the workforce and tech products with competitive edges have been considered the stepping stones of the development strategy of VinTech City.
Specifically VinTech City has designed programs focusing on tech startups, innovators, researchers, university lecturers and students, in order to support them in creating innovative research and translating them into commercialized products and companies based on applied research. In May 2019, VinTech City has officially announced six such programs, namely: i) VinTech Fund – a grant for applied research; ii) Research Laboratory sponsorship; iii) University-Enterprise Co-operative Semester; iv) SAP Training; v) Events, workshops, or seminars sponsorship; and vi) Tech Startup Student Clubs. Such wide range of support activities and programs demonstrates the comprehensive cooperation between Vingroup and the science and technology universities in Vietnam.
One of the most prominent programs of VinTech City is VinTech Fund – a grant for creating innovative tech products from research, or in another word “bringing lab ideas to market”. VinTech Fund has received positive and welcoming response from the tech and research community since its announcement. Alongside with a financial grant of up to $500,000 for each awarded project, VinTech Fund also provides Project Investigators (PI) with business perspectives and insight to bridge the gap between research and market.
More importantly, VinTech Fund opens for Vietnamese researchers to foster research collaboration activities for Vietnamese researchers in Vietnam and in the world. Vietnamese researchers abroad is eligible to apply for VinTech Fund, provided that they would carry out concrete collaboration activities with Vietnamese universities. We believe this collaboration can contribute to the development of Vietnam technology and science. VinTech Fund also gives the Vietnamese researchers abroad an opportunity to test, deploy, and commercialize their research results in Vietnam.
The first batch of applied research projects receiving grants from VinTech Fund was announced by VinTech City in September 2019. Namely, 12 proposals from tech universities and startups will be awarded fundings of 86 billions VND in total (equivalent to $3.7m). Learn more about them on VinTech City website.
In brief, Vietnamese researchers, who works at prestigious research institutes and universities, can contribute to the development of science and technology in Vietnam through research collaboration, tech product development, and educational activities with domestic universities within the sponsorship framework of VinTech Fund.
We believe that VinTech City can contribute to create a catalyst for “Make in Vietnam” technology products in market and complete the mission of supporting Vietnam startup and technology ecosystem.
a. Experts, researchers, technology lecturers currently working at Vietnamese universities;
b. Experts, technology researchers currently working abroad
c. Tech start-ups
· Independence: Group (a): via their respective university
· Partnership: Group (b) and (c): under partnership with Vietnamese universities. Condition: Commit to support one(s) of the universities signed MoU with Vingroup
Motivation to apply Vintech Fund:
· Applied research and tech startup complete grant as “Silicon Valley model”
· Financial support up to VND10 billion (~ 500,000 USD) /project.
· Support pilot research results, market probe and product commercialization as well as start-up after R&D
For more detail about VinTech Fund, please visit webpage: https://vintechcity.com/application-form/
Northern Vietnam : (+84) 84 848 4007 (Mr. Phương)
Southern Vietnam: (+84) 93 899 5138 (Mr. Dũng)
VinTech City, COGO Office, Floor 4, Sun Plaza Ancora Building, 3 Luong Yen, Hai Ba Trung district, Hanoi.
VinTech City, MoonLab Office, 1Bis Nguyen Thi Minh Khai, District 1, HCMC.