HCM City (VNA) – Huynh Kim Tuoc, Managing Director of the Saigon Innovation Hub (SiHub) Start-up Support Center of the HCM City Department of Science and Technology, affirmed that Vietnam has huge potential for technology development and transfer thanks to its highly qualified experts and intellectuals with extensive experience in this field, especially young and talented human resources in universities.
Tuok said this at a recent workshop in Ho Chi Minh City to promote the establishment of technology transfer offices (TTOs) in universities, which was jointly organized by SiHub, Australia’s University of Technology Sydney (UTS) and Singapore’s leading incubator fund Expara .
The workshop attracted a large number of domestic and foreign experts and representatives of universities in southern provinces and cities to exchange, discuss and evaluate the current situation, advantages, difficulties and challenges, as well as to propose effective models and solutions that bring practical benefits of creating technology transfer offices in universities.
Over the past 50 years, Vietnam has focused its resources on education and research, but has not developed commercialization of research and inventions.
SiHub already has about 300,000 technology research projects at universities across the country and a network of 100,000 technology firms based around the world, Tuok said.
The commercialization of inventions and products of universities in the country is expected to develop in the future,” he said.
The center focuses on promoting the development of existing potential in technology development in universities, he said.
It selects universities to advise, build processes and organize apparatuses to establish technology transfer to commercialize research and inventions that bring economic value.
Douglas Abrams, founder and CEO of Expara, said Vietnam has great potential for high quality Human Resources and an entrepreneurial spirit that can contribute significantly to the technological development of the country.
Intellectual assets from universities and research institutes are the basis for supporting startups, he said.
“The role of universities is to connect potential ideas, build strong teams and interact with businesses to bring about successful commercialization,” he said.
UTS’s Nguyen Diep said the university’s technology transfer model was being rolled out across many partners.
“The number of inventions by universities in Vietnam is still very low compared to universities in Thailand and Singapore, but they have great potential,” he said.
Experts pointed out many challenges of technology transfer and commercialization, such as the science and technology ecosystem that has no clear orientation, with low connectivity and interaction.
They agreed that local universities should be more actively involved in technology transfer activities, promote both the quantity and quality of inventions, and build a technology transfer ecosystem with business participation.
It should also improve the legal framework, develop technical and financial infrastructure and encourage creativity and innovation capacity, management capacity and investment in universities, they said.
Many successful models for the commercialization of university research were presented at the seminar, such as the TTO of TNG Holdings Vietnam and the High-Tech Business Incubation Center of Saigon High-Tech Park.
On this occasion, SiHub, UTS, Expara and universities in the southern region signed cooperation agreements to promote technology transfer activities in the coming years./.