Vietnam's commercialisation of research outcomes | Vietnam Today

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0:08[music]

0:12>> Now in this phase of development,

0:13Vietnam is putting a science,

0:15technology, and innovation at the center

0:17of national growth.

0:18>> But for that ambition to translate into

0:20real economic growth, more research

0:22needs to move beyond the laboratory into

0:25the market. But the real question is,

0:27what makes a scientific research truly

0:29market-ready? And how can university

0:31bridge the gap between the laboratory

0:33and the marketplace?

0:34>> Yes, and in this innovation-led economy,

0:37turning patents into market-ready

0:39products is more critical than ever. So,

0:41let's take a closer look at the current

0:44picture over here.

0:46Now, the encouraging news is that

0:49Vietnam has made substantial progress in

0:51building the legal framework [music]

0:53for science and technology. And recent

0:56revisions to the law on science and

0:58[music] technology and the law on

0:59technology transfer have given public

1:02universities greater autonomy to conduct

1:05research, collaborate [music] with

1:06industry, and commercialize their

1:08innovations.

1:09Now, financial policies have [music]

1:11also become more supportive. Funding

1:14procedures have been simplified, tax

1:16incentives have been introduced, and

1:17researchers are now guaranteed [music]

1:19at least a 30% share of

1:22commercialization profits. Yet, the

1:24actual market transition remains modest.

1:26[music]

1:27Here are some figures revealed by the Ho

1:28Chi Minh City Department of Science and

1:30Technology.

1:32The successful commercialization rate of

1:34research [music] projects dropped from

1:3613% during the 2014 to 2018 [music]

1:39period to just 5% today. And

1:42furthermore, spin-offs of university

1:44from [music] universities and research

1:46institutions make up only 5% of the

1:49city's total startups.

1:50>> [music]

1:50>> Recognizing this challenge, the

1:52Politburo's Resolution 57 sets an

1:55ambitious target. By 2030, Vietnam aims

1:58to increase [music]

1:59their commercialization rate of patents

2:01to 8 to 10%. And these figures make one

2:05thing [music] clear, bridging the gap

2:06between the research and the marketplace

2:09is now a strategic priority for Vietnam.

2:13Now, to understand [music] why

2:14commercializing scientific research is

2:16such a challenge and how key initiatives

2:18produced by Politburo's resolution 57

2:21could reshape this process, we visit

2:23some of the top research universities.

2:29>> Once considered rigid, robotic hands can

2:32now gently lift delicate items like food

2:35and agricultural products. This is the

2:37latest breakthrough by researchers from

2:39the Faculty of Physics and Engineering

2:41Physics at the University of Science,

2:44Vietnam National University of Ho Chi

2:45Minh City, paving the way for diverse

2:48applications in education, healthcare,

2:50and agriculture.

2:55>> Whether it's a piece of tofu, ripe

2:56fruit, or a biomedical device,

2:58traditional rigid robotic hands can

3:00easily damage or crush delicate

3:02materials. This soft robotic hand is

3:04designed to solve that problem using

3:06flexible silicone materials.

3:12>> At Phenikaa University, a drone rescue

3:14project is also turning heads for

3:17maximizing the golden hour in drowning

3:19emergencies by deploying self-inflating

3:22lifebuoys in just 10 seconds.

3:24Yet, bringing these vital innovations

3:26from the lab to the commercial market

3:29remains a top challenge.

3:33>> Once out of the lab, innovations need

3:36institutional support such as help

3:38establishing spin-off companies. The

3:40scientist may master the technology, but

3:42they lack expertise in business and

3:45production management, making mentorship

3:47or a dedicated accompanying team

3:49essential.

3:52>> I hope to receive further support.

3:54First, connecting with businesses to

3:56make our research more practical and

3:58market ready. Second, securing

4:00investment from higher levels to gain

4:02the funding and resources needed to

4:03develop these projects.

4:08>> Politburo's resolution 57 stresses the

4:10urgent need to comprehensively amend

4:12[music] and complete legal regulations

4:15on science, technology, intellectual

4:17property, and taxation.

4:21>> Following resolution 57, many laws and

4:24decrees have been introduced. First,

4:26funding for science and technology from

4:28the national budget has increased

4:30significantly. Second, the state has

4:32built innovation centers, including a

4:35major one currently being prepared at

4:37the VNU Ho Chi Minh City urban area.

4:39Third, we have fundamentally shifted our

4:41mindset from buying technology to

4:43improving and mastering it. It's crucial

4:46to have this awareness across society.

4:51>> Vietnam has set the target that [music]

4:52by 2030, human resources for R&D and

4:56innovation will reach 12 per [music]

4:5810,000 people. Patent applications and

5:01grants will grow by 16 to 80% annually,

5:04and the commercialization rate [music]

5:06will hit 8 to 10%.

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Vietnam's commercialisation of research outcomes | Vietnam Today

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