Investment Promotion Agency Danang
On the afternoon of May 09, 2024, at Swinburne University – Da Nang Campus, Da Nang Department of Science and Technology, in collaboration with Enterprise Singapore and Quest Ventures, organized an event to promote the cooperation of innnovation and start-ups ecosystem between Da Nang and Singapore.
Addressing the event, Mr. Nguyen Viet Toan, Director of Da Nang Start-ups and Innovation Support Center highlighted the objective of the event was to create a platform for establishing partnership and promoting investment attraction for the start-ups and innovation ecosystems of Da Nang and Singapore. To build favourable conditions for innovation development, Da Nang city has issued more than 20 official documents regulating mechanisms, policies supporting start-ups and innovation enterprises. The city has also formed a network of 09 incubators, 04 venture capital funds, 02 innovation spaces, 10 working spaces, 10 start-ups clubs, 03 start-ups and innovation support centers while directly funding 18 projects and providing financial support to incubators with total value of 4.5 billion dong. He expected the event would lay a foundation for further comprehensive collaboration between Singaporean start-ups and innovation ecosystem with that of Central Viet Nam in general and Da Nang in particular.
At the event, representative from Da Nang Investment Promotion Agency gave a brief presentation on the investment environment and investment opportunities of Da Nang City. Da Nang has identified FDI was one of the vital elements driving the socio-economic growth of the city. Currently, Singapore is the second largest investor out of 45 countries and territories pouring investment into the city with regard to registered investment capital. There are 38 projects from Singapore investors with a total value of more than 01 billion USD. For its breakthrough development in the coming time, the city will focus on the development of semiconductor and AI sectors.
Within the framework of the event, representatives of start-ups from Singapore and Da Nang introduced to the audience their products and services as well as specified their cooperation demands.
