A delegation from the Vietnamese Ministry of Science and Technology visited the Academy on 4 December to share Australia’s experience in science, technology and innovation (STI) reform. The visit preceded the start of a new US$100 million FIRST Project (Fostering Innovation through Research, Science and Technology) with World Bank financing. This project will design and pilot STI policies, make R&D institutions more effective, and encourage innovative technology enterprises.
R&D institutions and innovative technology enterprises that invest in R&D will benefit from the project. It also supports spin-offs and start-up enterprises incubated from R&D institutions or universities, and the establishment of a public-private partnership research laboratory in Hoa Lac High-Tech Park.
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