Vietnam Inclusive Innovation Project

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The development objective of the Inclusive Innovation Project for Vietnam is to adopt, upgrade and develop inclusive innovations for the benefit of the Base of Pyramid population.(BoP). The project has four components. The first component is development of inclusive technologies. This component will provide support: (i) developing technological solutions to address a few National Development Challenges (NDCs) that are specific to Vietnam; and (ii) developing, acquiring, adapting and upgrading inclusive technologies by Research and Development (R&D) institutions, enterprises and grassroots innovators. The second component is scale up and commercialization of inclusive technologies. This component will provide loans and matching grants to private enterprises for upgrading, scaling up and commercialization of inclusive technologies. This will include: (i) support enterprises for scaling up, commercialization and sustainable production of inclusive technologies dealing with manufacturing of products and delivery of services for the BoP; and (ii) funding to private sector Small and Medium Enterprises (SMEs) for the acquisition, adoption and use of technology and innovations in priority areas with significant potential for technological upgrading and growth. The third component is capacity building and global knowledge transfer. The project will support capacity building of key Vietnamese national institutions such as the National Institute of Medicine Materials (NIMM), the National Hospital of Traditional Medicine (NHTM), National Foundation for Science and Technology Development (NAFOSTED), Vietnam Academy of Sciences and Technology (VAST), Hanoi University of Science and Technology (HUST) for the sustainable development and delivery of inclusive technologies in the priority areas supported under the project: a) enhancing technology, quality and clinical trials of traditional herbal medicine products; b) enhancing innovation grant management capacity; and c) enhancing capacity in technology transfer and commercialization, and intellectual property rights protection. The fourth component is project management, monitoring and evaluation. The project will provide support to Enterprise Development Agency (EDA) Project Management Unit (PMU) and Project Implementation Unit (PIUs) in NAFOSTED and Participating Financial Intermediaries (PFIs) for project management, coordination, capacity building, oversight, monitoring and evaluation, reporting and audits to enable them to perform their responsibility for project coordination and management.

FY17 - Agriculture, Fishing and Forestry,FY17 - Financial Sector,FY17 - Health,FY17 - Industry, Trade and Services,FY17 - Public Administration

World Bank Group

Project

Manufacturing (Industrial), Hospital, Commercial, Raw Materials, Government, Education