HCMC Science-Technology Business Club launched

A new club specially for science-technology companies in Ho Chi Minh City (HCMC) was formally launched in yesterday conference ‘Developing Science-Technology Businesses in HCMC’.

HCMC Science-Technology Business Club launched

The club aims at boosting the cooperation among members and becoming a bridge between enterprises and educational institutes in order to foster scientific research and implementation.

In this conference, Mr. Nguyen Khac Thanh, Deputy Director of the HCMC Department of Science and Technology, reported that there are now 74 science-technology businesses in the city, along with several others filing for the certificate.

He stated that his department will help the commercialization of innovative products of these companies so that they can officially become a science-technology one.

The HCMC Department of Science and Technology also presented preferential policies towards this kind of business such as business tax exemption, land and water surface rent exemption, as well as preferential credit for scientific research activities, technology development and manufacturing activities.

On this occasion, the above department mentioned its special incubation program for innovative startups named Speedup, where each innovative startup project receives a financial support of VND2 billion (approx. $85,505) in the maximum period of two years.