Vietnam Climate Innovation Center Honors 21 Winning Start-Ups

HANOI, September 20, 2017— Ministry of Science and Technology cooperrating with the World Bank honored leading Vietnamese start-up businesses taking innovative approaches to addressing climate-related challenges in local communities and announced incubation graduatation for enterprises from POC1 (Proof of Concept 1).

*Overview of the Vietnam Climate Innovation Start-ups Award Ceremony. Picture: DFAT

The event was chaired by Pham Dai Duong, Vice Minister of Science and Technology and Ousmane Dione, World Bank Country Director for Vietnam, attended by Vo Tuan Nhan, Vice Minister of Natural Resources and Environment; Giles Lever, British Ambassador to Vietnam; Layton Pike, Deputy Head of Mission, Australian Embassy in Vietnam; Justin Baguley, Counsellor of Economic and Development Cooperation; Nicolas Drouim First Secretary, Economic and Development Cooperation, Canada Embassy in Vietnam; Pham Hong Quat, Head of National Agency for Technology Entrepreneurship and Commercialization Development; Pham Duc Nghiem, VCIC PMU director along with high-level representatives of the Vietnamese government, international community and communication agencies.

Grow from Proof of Concept 1 (POC 1)

In June 2016, VCIC held the Award Ceremony “Vietnam Climate Innovation Start-ups” for 18 outstanding ideas. After more than one year implementation with the technical and financial support from the VCIC, the selected enterprises from POC1 have achieved some remarkable accomplishments such as selling more than 141,000 products, increasing revenue by more than $ 1 million, creating 750 jobs - including 329 jobs for women, cutting more than 133,000 tonnes of CO2 and helping over 101,000 families.

More specifically, Dichung.vn has been operating with the model of a joint stock company with its market covering all 3 areas of the North - Central – South, developed a new business area being shared traveling trips (Dichoichung.com), with the revenue growth of 300%. The sustainable agriculture project with the EMIC preparations from Micro Technology and Environment., JSC has called for investment capital of over $ 200,000. The Ho Hoan Cau Co., Ltd.'s project of automatic adobe brick molding machine has asserted its brand on the Vietnam northern market and has reached to Laos market. The NOVAS (Da Nang) LED system for fishing boats has helped the fishing fleet of some provinces in central Vietnam save dozens of billions VND electrical cost, increase fishing efficiency by 15 - 20%.

To Proof of Concept 2 (POC 2)

Continuing the success of the 1st competition last year, in April 2017, VCIC hosts the Proof of Concept 2 (POC2) in a new model in accordance with the World Bank’s ideas.

This contest received nearly 400 participating ideas, increasing 30% compared to last year; more than 60 proposal ideas were selected into Roand 2; 60 candidates, entreprises took part in one-week pre-incubation course. After the selection process, eleven Consulting Panels had chosen  the most eminent ideas for “Vietnam Climate Innovation Start-ups” Award Ceremony – Honoring winner enterprises in September 20st, 2017.

The awards ceremony honored 21 winners of the second Proof-of-Concept Competition (POC2), including finacial supports and advisory services for 17 enterprises, advisory services without financial fund for 4 enterprises and acknowledged the efforts of the first 7 enterprises in graduating from a year-long incubation period.

*Pham Dai Duong, Vice Minister of Science and Technology had his openning speech. Picture: DFAT

“On behalf of the Ministry of Science and Technology, I would like to congratulate the winners of POC2 and highly appreciate the efforts and contributions of the POC1 businesses during the journey with VCIC to achieve their goals. I expect the POC1 graduate enterprises to continue to grow and POC2 winners to achieve even more success. These enterprises will have positive impacts on the economy, environment, and society,” said Pham Dai Duong, Vice Minister of Science and Technology.

“Through projects like VCIC, the World Bank Group supports emerging economies, and a big part of that equation is adapting to climate change and pursuing climate-smart development.  The winners and graduates honored today are best placed to find innovative solutions to climate challenges within communities and to play key roles in contributing to the local economy and creating jobs,” said Ousmane Dione, Country Director for the World Bank in Vietnam, resprsenting VCIC’s Sponsor.

The enterprises supported by VCIC are driving change in Vietnam” said Layton Pike, Deputy Head of Mission, Australian Embassy in Vietnam, who is companion with VCIC from the first step, witnessed the change and growth of enterprises supported by VCIC, “We are proudly assisting Vietnam to create a more capable and confident private sector and to pursue an aggressive innovation and learning agenda under our Aus4Innovation program.”

Supporting and incentivising international actions to combat climate change is a priority area for the UK’s international climate finance. We hope that VCIC is a platform for innovative ideas, generating transformational impacts at scale through the transfer of affordable climate technologies, disseminating good practice, and opening up new market opportunities and commercial potential for businesses said Giles Lever, British Ambassador to Vietnam.

The honored ideas at the ceremony such as Application of AI to optimize shrimp supply chain towards sustainable development; Smart street lighting system S3 to modernize public lighting system, saving electric comsumption by 40-70%; Development of nanomaterials for agriculture in response to climate change, etc, promise to get more achievements in the future, bring more value to the community the whole society.

*Delegates take photos with the enterprises honored at the Award Ceremony. Picture: DFAT

Following the awards ceremony, VCIC will hold a training program from 21-23 September to increase knowledge and skills for both groups of enterprises, focusing on the business plan, market research, marketing and technology descriptions.

VCIC is supported by Australia Government and, provides financial support, advisory services for businessmen and enterprises, focusing on 5 areas: Energy Efficiency, IT for Clean-Tech, Sustainable Agriculture, Renewable Energy, and Water management and Purification, turning climate challenges into business opportunity.

VCIC, under Ministry of Science and Technology, is part of the World Bank Group’s Climate Technology Program, a global network of innovation centers in seven countries, also provides a platform to create national and international business-to-business linkages, enhance knowledge sharing, and facilitate trade.