HCM City Seeks To Increase Technology Transfer From Universities |  Society

HCM City Seeks To Increase Technology Transfer From Universities | Society

HCM City seeks to increase technology transfer from hinh anh 1 universitiesHuynh Kim Tuoc, CEO of the Saigon Innovation Hub (SiHub) Start-up Support Center under the HCM City Science and Technology Department, speaks at the event. (Photo: VNA)

City of the HCM (VNA) – Huynh Kim Tuoc, CEO of the Saigon Innovation Hub (SiHub) Start-up Support Center under the HCM City Department of Science and Technology, said that Vietnam has enormous potential for technology development and transfer thanks to its experts highly skilled and intellectuals with rich experience in this field, especially young and talented human resources to universities.

Tuoc said that in a recent seminar in Ho Chi Minh City on promoting the creation of technology transfer offices (TTO) in universities, which was co-organized by SiHub, Australia’s University of Technology Sydney (UTS) and Expara, Singapore’s leading incubation fund.

The seminar attracted a large number of domestic and foreign experts and representatives of the universities of the southern provinces and cities to exchange, discuss and evaluate the current situation, advantages, difficulties and challenges, as well as propose effective models and solutions that bring benefits practical from the establishment of technology transfer offices in universities.

Over the past 50 years, Vietnam has focused its resources on education and research, but has not developed the commercialization of research and inventions.

SiHub now has approximately 300,000 technology research projects in universities nationwide and a network of 100,000 technology companies based around the world, Tuoc said.

“The commercialization of the inventions and products of universities in the country should be developed in the future,” he said.

The center focuses on fostering the development of the potential that exists in technological development in universities, he said.

It is choosing universities to consult, build processes and organize apparatuses to establish technology transfer in order to commercialize research and invention that bring economic value.

Douglas Abrams, founder and CEO of Expara, said that Vietnam has great potential for high-quality human resources and an entrepreneurial spirit that can make a significant contribution to the country’s technological development.

The intellectual resources of universities and research institutes are the basis for supporting start-ups, he said.

“The role of universities is to connect potential ideas, build strong teams and interact with companies to successfully lead commercialization,” he said.

UTS’s Nguyen Diep said the university’s technology transfer model is being rolled out to many partners.

“The number of inventions of universities in Vietnam is still very low compared to universities in Thailand and Singapore, but they have a lot of potential,” he said.

Experts pointed out that many challenges of technology transfer and commercialization, such as the ecosystem of science and technology, are not clearly oriented, with low connectivity and interaction.

They agreed that local universities need to be more active in participating in technology transfer activities, promote both the quantity and quality of inventions and build a technology transfer ecosystem with business participation.

It also needs to improve the legal framework, develop technical and financial infrastructure and promote creativity and innovation capacity, management capacity and investment in universities, they said.

Many successful models of university research commercialization were presented during the seminar, such as TNG Holdings Vietnam’s TTO and Saigon High-Tech Park’s High-Tech Business Incubation Center.

On this occasion, SiHub, UTS, Expara and the universities of the southern region signed cooperation agreements to promote technology transfer activities in the following years ./.

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