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On the afternoon of December 14th, 2021, Sao Thai Duong Joint Stock Company and the Department of Market Development and Science and Technology Enterprises (NATEC) signed a cooperation agreement to develop the startup and innovation ecosystem.
Sao Thai Duong is among the top of the brands whose products are trusted by Vietnamese people / Deputy General Director of Sao Thai Duong: “A business cannot exist for a hundred years if it does not bring joy and happiness to many people.”.
On December 14th, the program “The Imprint of TECHFEST and WHISE 2021” within the framework of the 7th National Innovation and Startup Festival TECHFEST VIETNAM 2021 series of events was held in Hanoi, connecting online with bridge points in local areas such as Da Nang, Ho Chi Minh City and international areas.
This is the focal event in a series of activities held from September 2021 to December 2021 by the Ministry of Science and Technology in collaboration with Ho Chi Minh City People’s Committee, the Ministry of Science of Foreign Affairs, the Chamber of Commerce and Industry, Vietnam Trade and Industry (VCCI) with the strategic companion of Vingroup.
The event was attended by Prime Minister Pham Minh Chinh and leaders of central and local departments, ministries and branches; prestigious organizations, corporations, individuals, and networks to support domestic and international start-ups and innovation. From Hanoi, TECHFEST 2021 also connects online with Ho Chi Minh City Innovation and Entrepreneurship Week 2021 (WHISE 2021) and Da Nang Startup Exhibition – SURF 2021 to form a nationwide festival, demonstrating the united spirit of building a national innovative startup ecosystem.
Prime Minister Pham Minh Chinh speaks at the event
Within the framework of the Program “Mark of TECHFEST and WHISE 2021”, a cooperation agreement signing ceremony took place between Sao Thai Duong Joint Stock Company and the Department of Market Development and Science and Technology Enterprises (NATEC) to develop the national startup and innovation ecosystem.
Ms. Nguyen Thi Huong Lien, Deputy General Director of Sao Thai Duong Joint Stock Company (seated in the middle) and representatives of businesses signed a cooperation agreement with the Department of Market Development and Science and Technology Enterprises.
According to the cooperation agreement, the two sides commit to implementing cooperative tasks and projects, providing common services towards the goal of developing a national startup and innovation ecosystem; coordinating to attract domestic and foreign resources to build a national innovation startup ecosystem, and implementing the Project “Supporting the national innovative startup ecosystem until 2025” (Project 844).
Commitments towards the development of training activities, incubation, and start-up support services. In other words, creating and connecting locally and internationally in relation to the fields of natural drugs, pharmaceutical and medical products and technology.
In the spirit of voluntary cooperation according to the cooperation goals identified in the framework of the law, the two parties agree on the specific cooperation contents as follows:
Firstly, coordinate in building tasks, cooperation projects, and providing common services to develop the national startup and innovation ecosystem such as training, coaching, consulting projects, media support, start-up television, connect to promote investment, support start-ups, domestic and international innovation, and other activities.
The development and implementation of each task and project will have its cooperation agreement or additional agreement based on unanimous discussion between representatives of the parties, including the agreement on the content of activities, participating partners, coordination mechanism, the financial mechanism of tasks, cooperative projects…
Second, conduct research and develop joint projects based on available resources of the parties in combination with socialization resources by the law to form service complexes to support innovative start-ups, application of scientific and technological advances.
Third, jointly develop digitized products, support technology transfer, and commercialize related products and technology for natural drugs, pharmaceuticals and healthcare.
Fourth, coordinate and organize national and international events such as conferences, seminars, investment connection forums, and market connections. Regional, specialized, national, and international Innovative Startup Festival (TECHFEST).
Through the above cooperation agreement, Sao Thai Duong Joint Stock Company and the Department of Market Development and Science and Technology Enterprises will have the opportunity to cooperate and participate in the ecosystem of large corporations and enterprises, as well as receive support and advice on product commercialization experience, available customers, and investment funds.
