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THE PRIME
MINISTER
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THE SOCIALIST
REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
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No: 844/QD-TTg
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Hanoi, May 18,
2016
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DECISION
APPROVAL
FOR “ASSISTANCE POLICIES ON NATIONAL INNOVATIVE STARTUP ECOSYSTEM TO 2025”
THE PRIME MINISTER
Pursuant to the Law on Government organization
dated June 19, 2015;
Pursuant to the Law on science and technology
dated June 18, 2013;
Pursuant to the Government’s Resolution
No.46/NQ-CP dated March 29, 2013 on action programs for the implementation of
the Resolution No.20-NQ/TW on Science and technology development for
industrialization and modernization under socialist-oriented market economy and
international integration dated November 11, 2012 by the Central Committee of
the eleventh Communist Party at the sixth Meeting;
Pursuant to the Government’s Resolution
No.19/2015/NQ-CP on missions and measures for improving business conditions and
national competitiveness for the period of 2015-2015 dated March 12, 2015;
Pursuant to the Government’s Decree
No.08/2014/ND-CP detailing a number of articles of the Law on science and
technology dated January 27, 2014;
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HEREBY DECIDES
Article 1. To approval for
the assistance policy on national innovative startup ecosystem to the year 2025
(hereinafter referred to as “the Scheme”) that contains the following main
contents:
I. OBJECTIVES
To create a favorable conditions for the development
of enterprises that have potentials for rapid growth by utilization of
propriety assets, technology and business initiatives.
To promptly complete legislations on assistances in
startup ecosystems; to set up a national startup ecosystem portal; to provide
an estimated funding of 1,000 billion dong for 800 startup projects and 200
startups including 50 enterprises financed with venture capital.
By 2025, it is expected to have:
- 2,000 startup projects;
- 600 startups;
- 100 startups under the Scheme financed by venture
investors with the estimated amount of 2,000 billion dong.
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1. Individuals or groups having startup projects or
startups that may be potential for rapid growth by utilizing propriety assets,
technology and new business initiatives; or startups operating for not
exceeding 05 years from date on which the first enterprise registration
certificate is issued.
2. Organizations that supply services, facilities,
technical infrastructure, telecommunications services and provide investment in
startups and satisfy the following requirements:
a) The head of such organization works in the field
of investment and finance consultation, and enterprise development facilitation
for at least 01 year;
b) The organization operates for at least 01 year
and provides services for at least 10 startup groups and invests in or
mobilizes the amount of capital of at least 01 billion dong for startups in
Vietnam;
c) The organization introduces a specific procedure
for assistance in startups according to their functions and responsibilities
and cooperation agreements on provision of training and consultation for
Startups in Vietnam with domestic and overseas entities.
III. ACTIVITIES
1. Set up a national startup portal that provides
information on technology, patents, standards, quality control and measurement,
intellectual property rights; policies and regulations of laws, human
resources, sources of finance and transactions; partners, customers, products,
services, new business models; investors national and international startup
events and other activities.
2. Construct centralized startup assistance service
centers (hereinafter referred to as “center”) in provinces that have potentials
for development of startup activities, by:
a) Funding part of repairing costs for working
space (available space..) at favorable location such as near universities,
financial institutions, etc. and applying concessional charges for the use of
such infrastructures;
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c) Hiring private enterprises to repair
infrastructures and equipment and paying for them, managing and using centers,
providing training and consulting services, human resources, offices and shared
equipment for startups.
3. Allocate funding from the State budget for
science and technology to hold annual national Technology Festival (TECHFEST).
Regulatory authorities,
socio-political-professional organizations, research institutes, training
facilities potential for startups development shall provide funding for
offices, exhibition, transport, telecommunications, startups events and
competitions.
4. Execute the national technology
commercialization scheme to the year 2020 by:
a) Setting up business networks on the basis of
potential startups and providing initial investments for startups;
b) Setting up individual investor networks and
venture capital networks for startups.
5. Promote training activities and enhance services
quality and startups' capacity by:
a) Funding part of curriculum copyright fees, and
costs of startup training programs, circulation and transfer of curriculum
piloted in Vietnam and overseas to training facilities and incubators and trade
promotion organizations.
b) Funding part of fees for hiring domestic and
foreign specialists to teach training courses for startups professionals in
training facilities, startup incubators and trade promotion organizations;
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6. Invest in facilities and technical
infrastructures for startup activities by:
a) Funding part of costs for renovation of
facilities –technical infrastructures of startup incubators, trade promotion
organizations, startups’ equipment suppliers and startups, and consultation
fees for science and technology enterprise incubators and projects for
technology incubators and science and technology enterprise incubators;
b) Funding for part of startups’ costs for digital
space, online support services, pilot production, samples and technology.
7. Provide funding for part of costs for media programs
for startup activities, startup assistance and investment and propagate
Vietnamese typical successful startups
8. Provide funding for part of costs for startup
networks, startup assistance networks, and venture capitals in Vietnam and all
over the world; cooperate with overseas prestigious trade promotion
organization to provide medium –term and short –term training courses for
startups and provide part of funding for such courses.
9. Facilitate the market penetration of domestic
startup partners, investors, investor facilitators and startups via scientific
and Vietnamese overseas technological representatives and commercial
representatives.
10. Allocate science and technology development
funds of regulatory authorities, Government Offices, local and central
government and enterprises for part of costs for technology innovations,
testing and market research; and grant concessional loans or borrowings and
contribute capital to startups.
11. Propose new legislative documents, amendments
or supplements to legislative documents on startups development as follows:
a) Procedures for registration of establishment and
operation of venture capital firms/investors;
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c) Startup assistance policies by regulatory
authorities where necessary;
d) Specific tax and finance regimes for startups
and investors eligible for incentive investment policies and tax incentives
(for science and technology enterprises);
dd) Policies for domestic and foreign investors’
divestment.
IV. FUNDING FOR SCHEME EXECUTION
1. The scheme is funded with:
a) The State budget for science and technology
granted to the Ministry of Science and Technology and regulatory bodies of
provinces;
b) The State budget granted to regulatory
authorities of provinces, research institutes and training facilities;
c) Funding granted to socio-political-professional
organizations by the State;
d) Other legal sources of finance of domestic and
overseas organizations, individuals and funds.
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Article 2. Implementation
organizations
1. The Ministry of Science and Technology shall:
a) Introduce operation regulations of the
Administration Board of the Scheme and procedures for application processing;
b) Take charge of making plan for scheme execution
and executing the Scheme;
c) Set up the national startup portal, Scheme
management system and Startup assistance services centers in Hanoi and Ho Chi
Minh city and hold TECHFEST;
d) Select qualified entities to join the Scheme
including organizations experienced and qualified for assisting startups;
dd) Cooperate with relevant authorities to study
and propose new legislative documents, amendments or supplements to boost
startups development.
e) Take charge of compiling annual plans for
science and technology, estimates and funding allocation, mobilizing funding
from programs, funds and investment projects , domestic and overseas startups
projects that are suitable with the Scheme;
g) Preliminarily and finally evaluate the Scheme
progress. Annually submit scheme execution progress reports to the Prime
Minister.
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a) Negotiate with the Ministry of Science and
Technology about the amount of funding and items of funding for startups activities
under regulations of laws.
b) Arrange finance for Scheme execution.
3. Every Ministry, ministerial-level, Government
Office and the People’s Committee of provinces, Vietnam Chamber of Commerce and
Industry, Communist Youth Union of Ho Chi Minh City and
socio-political-professional organizations shall:
a) Prepare annual and 5-year startup assistance
plans according to this scheme;
b) Secure funding for activities of annual and
05-year plans approved by competent authorities cooperate with private enterprises
to invest in startups.
4. The State Capital Investment Cooperation shall
study and propose mechanism for capital contribution for setting up funds and
fund management companies to grant loans and investments in startups.
5. Regulatory authorities providing assistance for
startups shall submit annual report on the Scheme execution progress,
achievements and issues to the Ministry of Science and Technology.
Article 3. Implementation
This Decision enters into forces from the date on
which it is signed.
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PP.PRIMINISTER
DEPUTY MINISTER
Vu Duc Dam