Abstracts

The mainly purpose of this Article is to give an example in the relationship between Knowledge Management and Innovation in some organization in Hanoi. FIIS is an ecosystem with quick support and advice from a team of experts and academics who have experience in building successful businesses in Vietnam, especially in Hanoi. FIIS proved that with enough knowledge management, we can create innovative ideas and apply them into real.

Source: Facebook Fan page of FIIS

“https://www.facebook.com/fiisftu/photos/a.668485650017552.1073741826.668485393350911/718239058375544/?type=1&theater”

1. Introduction

It can be said that there is no innovation without new ideas and new knowledge creation is a pre-requisite condition for innovation. Innovation is one goal of Knowledge management. In Foreign Trade University in Hanoi, Innovation is always promoted so that all students have the opportunity to create and develop their potential. That is also why the FIIS was founded at the Foreign Trade University and really make the innovation for Hanoi. FIIS is a good example of the application of knowledge management in Innovation.

2. What FIIS does in Innovation?

FIIS – FTU Innovation and Incubator Space – is an ecosystem with quick support and advice from a team of experts and academics who have experience in building successful businesses.

Taking education as a foundation, FIIS inspires and empowers young people and students to innovate, start their businesses and become leaders in the creative economy. With the services of TRAINING, ADVISORY, NUCLEAR CREATION, NETWORKING INSTITUTE FOR COMMUNICATIONS AND INTERNATIONAL ASSOCIATION, FIIS will accompany and support the components of the innovative ecosystem on the itinerary starting a business.

FIIS has activities that promote knowledge and creativity for everyone, especially students. FIIS members often learn about innovative programs for students and introduce them to everyone. This is a very effective activity in Knowledge management. There are some programs that FIIS has helped to promote such as:

+ National Creative Innovation Day – TECHFEST – annual event organized by the Ministry of Science and Technology in collaboration with other ministries and socio-political organizations.

+ VSDA Vietnam Silicon Valley Accelerator – DEMO DAY Investment Day 2018 – an annual event to help start-up businesses present their business results to both domestic and foreign investors.

+ The nationwide challenge to creative society in Vietnam

In addition, FIIS also organizes innovative programs for students and businesses. At the same time, FIIS supports many scholarships for students, and expands the space at FIIS so that foreign trade students can come to study and work.

One of the most prominent and attracting programs of FIIS is the SIP100 Nursery. The SIP 100 incubator program is a 100-day incubator that helps students and young people build their businesses step by step through innovative business ideas. 100 days of incubation is to complete the business model, market test to evaluate the effectiveness of the project. This is also a step to assess the feasibility and development of the project to call for investment.

Source: Facebook Fan page of FIIS

“https://www.facebook.com/fiisftu/posts/776605709205545”

The SIP100 incubator program is designed for individuals and organizations:

+ Have the idea or ownership of research results, technology is feasible.

+ Have a feasible business plan.

+ Demand and commitment to participate in activities of incubation centres such as: promotion, visit, meeting, training, professional training,…

The program attracted a lot of participants and really created a nursery for innovation. This is also an example of how FIIS knows how to apply knowledge to innovation.

3. Conclusion

It can be said that the application of knowledge management in innovation is one of the important factors that make a difference to an organization. FIIS has been applying this in its activities and creating values for Hanoi and for the society. We need to do more in the future.

Writer: Vu Thi Khanh Linh (No.12)

Thi khanh linh VU