Hanoi incubator is an entreprise which assists startups in running their businesses. They provide several services and facilities like office space, equipment, mentoring/training assistance, advices, and capital to new businesses that are just getting started.

Business incubators in Hanoi are set up by :

• universities like FIIS
• non-profit groups like HBI-IT
• by venture capitalists

In more details who are they, what are their activities ?

• FIIS:

This incubator is located in the campus of the Foreign Trade University and helps student to transform their project idea in a real project. They will make or improve their business-model, give them the chance to realize a prototype and do a market analyse to see the potential of their project. Added to those services, they also finance some projects and provide a co-working place.

Interview with FIIS :

– What are exactly your activities ? “FIIS started their activities last year in 2017. They help students who have a project idea. They select the best and most talented projects to finance them and help them since the beginning. They follow them, provide them business model, do a prototype of their project, test the potential of their product on the market and give them a networking of professionals”. To resume they transform an idea in a real project. This year, they help 7 projects. They are going to open an opens pace in few weeks in the FTU campus.

-Why should students go to this incubator ? Firstly because government is promoting its Science, Technology and Innovation strategy and want to support innovative projects and structure in the next years. More, students can be lost in the development of their project and the processus to implement the strategy test the market, the potential of their product and they usually need resources. In tis aim, FIIS provide them the resources to make their project real.

• HBI-IT :

This is the first incubator in the information technology field set up by the municipal People’s Committee and managed by the city’s Department of Information and Communications. It’s been made to build an ecosystem that support, promote and connect start-ups.

They provide:

– co-working areas

– technologic equipment to make their product

– training in communication, marketing and development of products

– possibility to be financed and get funding from local and international investors

• 5 Desire:

5DESIRE is an Incubator and Consulting firm focusing on information and communication technologies.

A limited number of the best start-ups are chosen by 5DESIRE Lab to participate in an incubation program focusing on product development, technology, business strategy, etc. During this incubation process, 5DESIRE works intensively with these budding companies to enable them to thrive and flourish by themselves.

Fee: Share / Consultant Fee

writers : ?

Agathe

Technopark – Definition

In Hanoï, a technopark is an integrated area that combines the industries, universities, research centers, entrepreneurship, banking, central and local government in a location that allows the flow of information and technology more efficiently and quickly.

Hoa Lac high-tech zone in Hanoï

Hoa Lac High-tech zone is a place to attract investors in the research and development field, training and incubation, manufacturing high tech product in the fields:

• Biotechnology
• Information
• Communication technology

This place is very attractive for his location, the high quality of human resources and the modern infrastructures.

Example of some stakeholders in Hoa Lac high-tech zone:

• Vietnamese National Bank : Print money
• Ventures : ODA investment
• Science and technology academy (Vietnam/Korea)
• Vietnam/Japan university
• Hanoi national university
• Pharmaceutical factory of CVI company GMP
• Government : strong support -> no taxes for the companies here
• Pharmaceutical R&D

Interview :

We met Mr Huu, a team member of CVI Pharmaceutical Project in Hoa Lac high-tech zone.

What is your project in Hoa Lac high-tech zone?

In Hoa Lac high-tech zone, CVI Pharmaceutical industry is investing in pharmaceutical factory to produce herbal medicines and functional food.

How much does it cost?

They invested 31 million VND.

How this technopark is linked to innovation?

In this place, we can find many factories, R&D research center, universities and bank in one place. As a pharmaceutical industry, they order very often R&D from university, so it is a big advantage to be in this high-tech zone because all the stakeholders are very close. And more, there is support from the government. Working in this zone develop their company and their brand.

Link of the video : https://www.youtube.com/watch?v=hyO64FYWd9o

Huu and Léa.

Lea GRIMAL

INNOVATORS

In our opinion, we think that the groups or people which are the first to try ton introduce new ideas, processes, goods and services for the others, are the innovators.

Innovators play an important role in formulation the segment to the companies, the communities and the society because of the reason that their product’s reviews and perceptions depends on them. They influence the society or the people who are interested in a new product or a new platform that give them values. On the other hand, early adopters look up to innovators to make themselves feel assured that the product is good, the service is innovative, or the benefit they want to reach to invest and purchase. Thus innovators have very high social influence.

For instance, “Distrix9 –D9” is an innovative fitness center in Hanoi. The founder of this center – Mr. Hoang Hai Dang is an innovator. Although his own business is an traditional business model, he still succeeds because of his outstanding, attractive and innovative design in rooms and facilities. His fitness center brings plenty of values and added benefits for not only the customers but also his employees.

writers PHU DUC ANH (number01) – PHAN LE VU (Number 20)

Duc anh PHU

Venture Capital refers to the activities that investors provide financial capital to individuals and start-up/small businesses that are believed to have long-term growth potential. Venture capital could be from banks, well-off investors or any financial institutions. They have to acknowledge the risks if the project they invest fails to make up for. In case successful, the investment will become the share of the venture capital firm. Venture capital are mainly focused in information technology, biology, chemistry, environmental protection projects or health projects.

A stark example in Vietnam is FPT Ventures, a venture arm of FPT Corporation. With the target to turn Vietnam into a startup country, FPT strategically cooperated with international funds & incubators to support startups by let them take full advantage of technical infrastructure as well as use the resources available from FPT. These startups will have the opportunity to work with experienced mentors internal & external of FPT, with the sole goal is to create the product that the market really needs, and be able to scale not only In Vietnam but also in the world. The highest priority of the fund was to invest Seed and Serie A funds in the companies that had undergone the concept development phase and had already entered the business or groups graduated from local and international incubators in a relationship with FPT.

List of some projects supported by FPT Ventures

Source: http://fptventures.com/portfolio.html

Writers

Le Thi Quynh Anh – ID.04

Nguyen Thu Ha – ID.06

Tran Thi Thu Trang – ID.19

Thu ha NGUYEN

Writers:

Nguyen Hoang Long – No.13

Nguyen Hoang Nam – No.14

Innovation management is the science of research. It could be the research of the innovation in products, business process, organizational activities, etc. to find out innovative ideas or solutions to develop the society.

In Hanoi, we can find some universities and researchers are doing in the subject of innovation management. For example, we have University of Science and Technology of Hanoi (USTH) and Master II Innovation Project and Entrepreneurship course (MPIE). Regarding to USTH, which is also called “Vietnam-France University”, has many Master programs focusing on Innovative Technologies like Communication, Nanotechnology, Energy Management, etc. As for MPIE, this is the course giving students knowledge of innovation management in many sides such as: marketing, strategy, business model, etc. It also brings the opportunities for students to launch their own innovative projects. Moreover, we have many researchers and innovators working in Hanoi. The most famous name is Mr. Phan Tat Thu (Prof.) with over 15 years of researching and educating in innovative solution for enhancing capability of people and organization. He is the author of many innovation models like BizMind, BizGo, BizChange, etc. These models can be applied in-house for many Vietnamese Enterprises such as: Joint Stock Bank (LienViet Post Bank, Techcombank, VietcomBank), Bao Viet Insurance, etc. In summary, innovation management is very important in University Research & Study. It’s the background to develop the innovation of Hanoi in the future.

References:

https://usth.edu.vn/

https://www.facebook.com/pg/PREliteSchool/photos/?tab=album&album_id=729977537081079

https://www.youtube.com/watch?v=USDRDl0Mvv8

Hoang nam NGUYEN

We cannot answer to this question in a simple and radical answer.

On the first hand, we can say Hanoi is an innovative city. The innovation may easily be found everywhere in Hanoi, for instance: innovation start-up/ innovation companies (Apota, Cococ); innovation in banking activities (TPBank LiveBank); innovation communities (Co-working Space, Creative Lab Project, Hanoi Creative City); innovation education (USTH, MPIE). It is the results of government’s efforts to develop the innovation in the recent years. The government understand that sciences, technologies and innovations are important for the development of the city then they plan to foster an ecosystem of start-ups. But how it acts in this way?

Actually, to support innovation, government gives support to innovative structures like the accelerator VSV (Vietnam Silicon Valley) that helps start-ups to get a networking with investors in this aim to have enough money to launch their project. Moreover, Hanoi People Committee is setting up a strategy up to 2020 to encourage and develop innovations of science and technology. For example, they decided to establish the Hanoi Foundation for Science and Technology Development in charge of financial support for the innovative project. Other structures like FIIS, the incubator of the Foreign Trade University, finances and helps several projects a year (which are selected by their jury) from students to develop innovative projects.

In another hand, Hanoi could be described as a non-innovative city regarding the fact that Innovation only involve few people or groups/start up. The reality of the Hanoian population is really far of the aim of Innovation and we could affirm that the most part of the population in Hanoi don’t know anything of the innovation in their city. They don’t even know what could be the impact of this kind of economy. To be innovative, a city as to provide this aspect to the largest part of the population and involve them concretely in it.

In conclusion, although there are still some disadvantages factor such as lack of financial resources, lack of advanced technologies, etc., we strongly believe that Hanoi is extremely potential to become an innovative city and also on the right track to head this target in the near future.

Nguyen Thi Khai Phuon                                                                                                     Flo                                                                                                                                 Léa                                                                                                                              Robin Bucau                                                                                                                      Le Ngoc Anh

Agathe