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... Show More +
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. Show Less -