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Da Nang promotes growth of startup ecosystem

The central city of Da Nang has applied various measures to encourage individuals and organisations to join startup ecosystem towards the goal of becoming an innovative startup centre of the region.

Along with supporting startup businesses and the establishment of incubators, the city has built a project to develop the municipal startup ecosystem towards 2020 with a vision to 2030, along with a number of relevant projects.

According to Vice Chairman of the municipal People’s Committee Le Trung Chinh, the projects are part of the city’s efforts to realise the Politburo’s resolution on the city’s development towards 2030 with a vision to 2045, aiming to turn the city into one of the hubs for startup and innovation in the central and Central Highlands regions.

To this end, the city has strengthened communications and assisted businesses to enhance their capacity, while connecting startup networks in and outside the city.

So far, the city has supported 68 firms at a total cost of 13.81 trillion VND (593.83 million USD).

In terms of infrastructure, the city has built a working and startup area covering 1,836 sq.m in Son Tra district, while cooperating with the Ministry of Science and Technology to design a national startup centre in the area.

Over the past three years, local startup incubators have launched more than 60 projects in tourism, agriculture, health care, education, food processing, IT, transportation, and environment. Many of the projects have drawn interest from investors.

Each year, the city assigns specific tasks for each department and sector in supporting startups at an investment of nearly 14 billion VND since 2017.

Director of the Department of Science and Technology Thai Ba Canh said that the city has connected with foreign organisations to introduce the investment environment of Da Nang.

Last year, the city coordinated with the Ministry of Science and Technology to hold the Techfest Vietnam with the participation of Prime Minister Nguyen Xuan Phuc, representatives from ministries, sectors, foreign diplomats, startup organisations, investors and startup companies. At the event, 160 contacts were made with a total value of 7.86 million USD.

Alongside, the city has supported the organisation of training courses for those who are interested in launching startup to provide them with necessary knowledge.

Da Nang has also built a communications programme to encourage the startup movement in the locality./