Commercialization of technology in the Silicon Valley model

With the proposed Silicon Valley model in Vietnam, the scientist is not only a professional but also a business entrepreneur on his own research.

The Ministry of Science and Technology has just launched a technology commercialization scheme based on the Silicon Valley model in Vietnam on October 18.

Every year, Vietnam has thousands of research and invention results from universities, centers and research institutes and organizations in Vietnam and abroad registered in Vietnam, of individual individuals. But the commercialization of research results is limited.

In order to find a way to effectively exploit intellectual property, to promote the commercialization of scientific research for application, the Ministry of Science and Technology has surveyed the commercialization of technology according to the model. has successfully operated in the US, India, and South Korea . under the Scheme on "Commercialization of technology in the Silicon Valley model of Vietnam".

Artwork: depts.washington.edu

The objective of the Scheme is to create an ecosystem of start-up businesses trained to upgrade their own products , and be advised by advisers in the know-how of business promotion in the promotion program ( BA) aims to attract venture capital to build a successful science and technology enterprise system. Successful science and technology enterprises must have products that meet market demand, models, feasible business strategies and have qualified teams to implement that model and strategy.

The implementation of this project also creates an environment to attract gray matter through the development of a BA system . This system includes successful entrepreneurs, successful venture capitalists, lawyers, technology experts . from Silicon Valley (USA).

Silicon Valley is America's high-tech center. This is the market where new technologies meet with venture capitalists and combine to become start-up businesses with rapid growth. It also reflects the entire situation of venture capital for technology in the US, symbolizing a culture of innovation and venture capital.

Under the construction model, Silicon Valley in Vietnam will create conditions for startups to attract venture capital for technology right from the start. These businesses will successfully create a chain of innovations and change the economy, from products with low value, consuming many workers into high-tech, high-value products.

Research results of the scientists will be assessed, considering the relevance to the needs of the market, society and the ability to commercialize. Scientists are not only consulted on professional subjects, but also trained in basic management skills, presentation skills, and business planning according to international standards. Scientists are not only researchers but also entrepreneurs and business on their own research products, can manage or develop the research independently.

In the period of 2013-2014, the Project will implement a training program for start-up support for students who are potential start-up enterprises in Vietnam guided by experienced experts from American Silicon Valley. perform; Event Start-up Day (Demo Day) for graduates of training programs to support entrepreneurship; established a social investment fund for incubating start-up businesses in Vietnam named 'Vietnam Start-up Fund - Startup Vietnam Foundation' .