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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