What are the criteria for technology incubation projects in Vietnam?

What are the criteria for technology incubation projects in Vietnam? (Illustration image)

According to Article 7 of Circular 06/2014/TT-BKHCN, the criteria for technology incubation projects in Vietnam are specified as follows:

1. The project execution contributes to an increase of at least 10% in the added value of the product;
2. The added value of the product must be higher than the statistical added value of similar products or product groups by the General Statistics Office (if any). In special cases, due to the requirements of projects related to epidemics, natural disasters, social security, and projects in particularly disadvantaged rural and mountainous areas, the Management Council of the Fund shall submit to the Minister of Science and Technology for decision on the minimum amounts of a value-added and additional increase in value-added for each product and service of the project;
3.  The project's quality management system must meet national standards, international standards according to each specialty;
4. Finance, mobilization, and use of capital are clear and reasonable.
5. The project host must have technological ideas, be able to commercialize technological ideas, or have documents permitting the commercialization of scientific and technological research results;
6. The project host must have a team of technology experts and be able to cooperate and mobilize a team of management experts and consultants on technology, intellectual property, law, finance, business management, and marketing.

Details can be found in Circular 06/2014/TT-BKHCN effective from June 9, 2014.

Ty Na

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