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VIETNAM INNOVATION CHALLENGE

Deadline: May 07, 2023

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ABOUT INNOVATEVN

Vietnam Innovation Challenge is a program steered by the Ministry of Planning and Investment and organized by the National Innovation Center (NIC) and Meta Corporation.

The program is an annual activity within the framework of InnovateVN initiated by The National Innovation Center, Ministry of Planning and Investment, accompanied by partners who are leading technology corporations, in order to seek innovative solutions from domestic and international organizations/individuals to tackle key national challenges, working towards prosperous and sustainable development for Vietnam.
InnovateVN was initiated by the Ministry of Planning and Investment, organized by the National Innovation Center (NIC) with the coordination of public corporations, technology, and domestic and international partners with the following goals.
1. By 2030, Innovation contributes 40% to Vietnam's economic growth.
2. Support and develop 500 pioneering and innovative enterprises to lead the economy by 2030.

3. Enhance innovation capacity in the public sector at central and local agencies.
4. Develop a comprehensive innovation ecosystem in
Vietnam, an attractive destination for technology and
innovation investors with the presence and operation of
the world's 500 largest corporations.

ABOUT VIETNAM INNOVATION CHALLENGE

Being the first program to realize InnovateVN's vision, the "Vietnam Innovation Challenge" is a program steered by the Ministry of Planning and Investment and organized by the National Innovation Center (NIC) and Meta Corporation. The program seeks innovative solutions from domestic and international organizations and individuals to tackle key national challenges, working towards prosperous and sustainable development for Vietnam.

TOPIC 2022 - 2023

To seek out innovative solutions from people and organizations all over the world to assist Vietnamese companies in quickly and effectively transforming to the digital age

OBJECTIVE

Improve the management capability of small and medium-sized enterprises by applying new technologies and solutions;
Strengthen linkages between FDI enterprises, large enterprises and domestic SMEs
Promote and support Vietnamese SMEs to grow so that they can actively participate and move upstream in global value chains;
Strengthen and promote effective policy dialogue between the government and businesses.

WE ENCOURAGE INNOVATION AND DIGITAL
TRANSFORMATION SOLUTIONS

1

4

Simple, convenient, cost-effective solutions
Solutions to help businesses increase user experience, optimize processes, and digitize products

2

Digital platform solutions to connect businesses with investors, connect domestic and foreign markets

3

Training and capacity building solutions for employees in the enterprise

5

Solutions to connect businesses to value and supply chains

6

Solutions to help businesses and investors handle contracts transparently and legally

7

Specialized data management solutions by sector/industry, or supply chains

8

Solutions to improve data quality that helps improving investment and business environment

WE ENCOURAGE INNOVATION AND DIGITAL TRANSFORMATION SOLUTIONS

1

4

Simple, convenient, cost-effective solutions
Solutions to help businesses increase user experience, optimize processes, and digitize products

2

Digital platform solutions to connect businesses with investors, connect domestic and foreign markets

3

Training and capacity building solutions for employees in the enterprise

5

Solutions to help businesses and investors handle contracts transparently and legally

6

Solutions to connect businesses to value and supply chains

7

Specialized data management solutions by sector/industry, or supply chains

8

Solutions to improve data quality that helps improving investment and business environment

1

2

3

4

5

6

7

8

Simple, convenient, cost-effective solutions focusing on fields such as: financial management, human resource management, information & transaction management, job management, logistics, sales, etc.
Digital platform solutions–digital spaces to connect businesses with investors, connect domestic and foreign markets, and support promotion and introduction of products.
Training and capacity building solutions for employees in the enterprise.

Solutions to help businesses increase
user experience, employee experience, optimize processes, and improve and digitize products.
Solutions to help businesses connect
with the public sector, get access to
investment information, market information, access to capital, and connect businesses to value chains, supply chains and government support programs.
Solutions to help businesses and investors handle contracts transparently and legally.
Specialized data management solutions by sector/industry, economic zone, industrial zone, or supply chain.
Solutions to improve data quality, deliver timely and effective analysis, and recommend policies to improve the investment and business environment.

WE ENCOURAGE INNOVATION AND DIGITAL TRANSFORMATION SOLUTIONS

APPLY

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DAYS

SECONDS

MINUTES

HOURS

DEADLINE

Mr. Jesse Choi

Regional Director of Sunwah Group in Southeast Asia,
and CEO of Sunwah Innovations

Mr. Wilson Chan

Associate Director, Partnerships
Hong Kong Science & Technology Parks Corporation – HKSTP

Mr. Chris Joannou

Head of BD and Partnerships APAC/Europe, Draper University

Mr. Đoan Huu Duc

Founder - CEO
VCG Vietnam Consulting Group

Mr. Nguyen Thanh Nam

Founder
FUNiX Online Education

Mr. James Tan

Managing Partner
Quest Ventures

Ms. Doan Kieu My

Chief Growth Officer (CGO)
Earable® Neuroscience

Minister Nguyen Chi Dung

Ministry of Planning and Investment

Mr. Khoi Le

Country Director, Vietnam
Meta

Mr. Pham Duy Hieu

President
Startup Vietnam Foundation

Mr. Rafael Frankel

Director
Public Policy for Southeast Asia
Meta Corporation

Mr. Truong Gia Binh

Chairman
FPT Corporation

Mr. Nguyen Tuan Hung

Deputy General Director
Vietnam News Agency 

Mr. Pham Bao Son

Vice President
Vietnam National University, Hanoi

Mr. Nguyen Manh Quyen

Vice Chairman
The Hanoi People's Committee

Mr. Nguyen Trung Chinh

Chairman
CMC Corporation

Mr. Pham Van Tai

General Director
THACO Auto Corporation

Mr. Tao Duc Thang

 Chairman cum General Director
Viettel Group

Ms. Pauline Tamesis

United Nations Resident Coordinator
in Vietnam

Mr. Phan Tam

Deputy Minister
Ministry of Information and Communications

Minister Nguyen Hong Dien

Ministry of Industry and Trade

guests at the launching ceremony

Mr. Pham Tat Thang

Deputy Chairman
the Party Central Committee’s Mass Mobilisation Commission

SPECIAL PRIZES UP TO

APPLY NOW

Consulting package
for intellectual property registration and traceability
Package using Fablab for 1 year
Consulted by experts of Meta
DOOH advertising package from Goldsun Media Group

50.000 USD

Promote images and brands on different advertising platforms from Meta, Goldsun Media Group, etc.
Co-working space and laboratories from NIC, UP co-working space, Sunwah Innovation, etc.
Cloud and data centers from Viettel, AWS, etc.
Technical support to survey foreign markets from international development organizations, multinational technology corporations
Opportunities to expand markets and pilot solutions from major provinces and cities in Vietnam

WITH PRIVILEGE SUPPORT PACKAGE

TOTAL PRIZES

Criteria for evaluation and selection

CÁC TIÊU CHÍ ĐÁNH GIÁ

The Vietnam Innovation Challenge encourages solutions with a holistic, sustainable, balanced approach in terms of social, business, and environmental development. The program recommends solution providers employ systems thinking, approaching issues from a big picture perspective that takes into account connections between different components, minimizing execution risks, thus paving the way for long-term, sustainable implementation.
Uniqueness of the solution and approach

Sustainability of the solution’s social impact

Effectiveness in tackling issues

Readiness for the Vietnam market

Competence profile of the business

Scalability

ASSESSMENT TABLES

PROJECTS/ STARTUPS
Innovative projects and startups with ideas; concepts; new approach models to support small and medium enterprises in digital transformation and value chain participation
INNOVATIVE SMALL AND
MEDIUM ENTERPRISES
Innovative small and medium-sized enterprises with products and services to promote digital transformation,have deployed in practical, and have had revenue
INNOVATIVE LARGE ENTERPRISES
Innovative large enterprises with integrated solutions, which have been validated by the market and are ready to be deployed in large scale

ASSESSMENT TABLES

PROJECTS/ STARTUPS
 Innovative projects and startups with ideas; concepts; new approach models to support small and medium enterprises in digital transformation and value chain participation
INNOVATIVE SMALL AND MEDIUM ENTERPRISES
Innovative small and medium-sized enterprises with products and services to promote digital transformation,have deployed in practical, and have had revenue
INNOVATIVE LARGE ENTERPRISES
Innovative large enterprises with integrated solutions, which have been validated by the market and are ready to be deployed in large scale

TIMELINE

October 25, 2022

May 07, 2023

Deadline for registration

May, 2023 - June, 2023

Solution evaluation rounds

June, 2023

Vietnam Innovation Summit and Honoring Innovative Solutions
Announcement of the Vietnam Innovation Challenge 2022 and opening of the registration portal

July, 2023 - December, 2023

Piloting the innovative solution to provinces/cities in Vietnam

IN THE NEWS

Keep up with the latest information about the Vietnam Innovation Challenge 2022.

PARTNERS

ABOUT NIC

The National Innovation Center (NIC) is an agency under the Ministry of
Planning and Investment with the function of developing innovation and startup ecosystems, contributing to model innovation and growth based on innovation, science and technology, and new business models. It supports the improvement of the innovation and digital transformation capacity of enterprises to increase labor productivity and the competitiveness of the economy. NIC acts as a leading innovation hub under four main pillars:
Creating an attractive business environment, and a professional workspace to attract leading domestic and international innovative enterprises economically.
Creating, connecting, and building an open innovation ecosystem with a focus on innovative businesses and start-ups.
Research and propose outstanding mechanisms and policies, and experimental legal frameworks (sandbox) to encourage innovation activities nationwide, ensuring competitiveness in the region and internationally.
Attracting resources, investment funds, and talented human resources to support innovative businesses and start-ups in attracting investment, transferring technology, and commercializing products.

ABOUT META

Meta builds technologies that help people connect, find communities, and grow businesses.

When Facebook launched in 2004, the way people connect was changed. Apps like Messenger, Instagram, and WhatsApp have empowered billions of people around the world. Now, Meta is moving beyond 2D screens towards immersive experiences like virtual and augmented reality to build next-generation social technology.
The National Innovation Center, Ministry of Planning and Investment
6B Hoang Dieu, Ba Dinh, Ha Noi
Contact:
Ms. Nguyen Ngoc Tuong Van
(+84) 788 900 406
Mr. Nguyen Khanh Linh
(+84) 987 417 373
vic@nic.gov.vn