The Vietnam Open Innovation Ecosystem Report 2023 (developed by Bambuup and NSSC) provides a comprehensive analysis of the state of open innovation in Vietnam, highlighting key trends, challenges, and opportunities for startups, corporations, and policymakers. This report serves as a strategic guide for fostering a more collaborative and resilient innovation landscape in Vietnam.
Key Highlights
1. The Growth of Open Innovation in Vietnam
Vietnam is embracing open innovation as a key driver for economic transformation. Startups, corporations, and research institutions are increasingly engaging in cross-sector collaborations to drive technological advancements and market competitiveness.
2. Challenges in Scaling Open Innovation
Despite significant progress, startups and enterprises face several challenges in adopting open innovation models, including:
- Limited access to funding for experimental projects.
- Regulatory and intellectual property concerns.
- A need for stronger collaboration between academia, corporations, and government.
3. Corporate Innovation and Startup Engagement
Large enterprises in Vietnam are playing a more active role in fostering innovation by partnering with startups, establishing corporate venture funds, and investing in research and development. Open innovation labs and co-development programs are becoming increasingly common.
4. Policy and Government Support
The Vietnamese government is promoting open innovation through policies that support startup incubation, technology transfer, and collaboration between domestic and international innovation hubs. Key initiatives include tax incentives, innovation hubs, and funding programs.
Future Outlook
Vietnam’s open innovation ecosystem is expected to continue growing, with increased participation from startups, enterprises, investors, and policymakers. Strengthening the resilience of startups through funding, policy support, and industry collaboration will be critical for sustained growth.
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Interested in the full Vietnam Open Innovation Ecosystem Report 2023? Join our network by making a request:
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