thue may photocopy

University spin-offs difficult to establish because of outdated thinking

PDFPrintE-mail

While university “spin-offs” occur in developed countries, it remains an unfamiliar concept in Vietnam.

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, BKHoldings, MOET, spin-off

The co-working space BKHoldings reserves for startups

Ten years ago, the Hanoi University of Science & Technology (HUST) became the first tertiary education establishment in Vietnam to ask for the Ministry of Education and Training’s (MOET) permission to set up BKHoldings, a system of businesses to capitalize the school’s intellectual properties – achievements from its scientific research. 

Though it is leading technology university in Vietnam, HUST still has difficulties in stimulating innovation and encouraging startups. 

When asked why Vietnam’s universities still cannot generate successful spin-offs, some analysts said the problem lies in limited financial capability.

However, Nguyen Trung Dung, CEO of BKHoldings of HUST, believes the biggest obstacle is in the inadequate awareness of the importance of innovation, technology transfer, and intellectual property rights (IPR) in universities and society.

Large prestigious universities in the world play a very important role, or drive the development of industrial revolutions. The schools have to undergo internal revolutions to implement their missions. They not only transfer knowledge through training activities, but also create new knowledge through research and development activities.

In Vietnam, science and technology development is still at a low level in comparison with the world. Universities only focus on training, while the concepts of innovation, technology transfer, intellectual property and spin-off remain unfamiliar and don’t receive appropriate attention.

In Vietnam, science and technology development is still at a low level in comparison with the world. Universities only focus on training, while the concepts of innovation, technology transfer, intellectual property and spin-off remain unfamiliar and don’t receive appropriate attention.

Linus Wiebe, Innovation Director at Lund University, commented that there is a gap in thinking between academia and the business community. These obstacles faced by Vietnamese universities once existed in Sweden.

Resources

The biggest obstacle is the lack of professional specialists in innovation and technology transfer. Most schools go their own way. The use of a team with an academic approach to run a business is one reason behind spin-offs’ failure.

The other obstacle lies in limited financial capability. Universities in Vietnam consider training their major task and don’t make investments to develop spin-offs because of limited financial capability. Sometimes they only contribute capital with used workshops or machines and brands.

In 2017, Linus Wiebe came to Hanoi to give consultancy to BKHoldings within the framework of SwissEP Program. Three spin-offs successfully switched from subsidized centers at universities to businesses which can make a profit. 

However, the spin-offs mostly operate in the field of science and technology consultancy, and are not really like spinoffs in the rest of the world. 

Kim Chi

Source: VietNamNet

Related news items:
Newer news items:
Older news items:

Massage Vietnam

euro super

 

 

 

 

 

Auto Leaf Spring by 19-8 Mechanical JSC Company

bóng đèn

Bioscope health care Innovation

anduy interior

 

du lịch biển thiên cầm

Latest News

Tuan finishes second at Singha TATP Tour

Tuan finishes second at Singha TATP Tour

Vietnamese tennis player...
22 May 2018
$100m programme to train teachers

$100m programme to train teachers

Nearly 28,000 high school...
22 May 2018
Beach tours popular this summer: travel firms

Beach tours popular this summer: travel firms

Travel firms in HCM City...
22 May 2018
Localities asked to prevent Ebola from entering Vietnam

Localities asked to prevent Ebola from entering Vietnam

The health sector has...
22 May 2018