The Vietnam – Finland Innovation Partnership Programme (IPP) is an Official Development Assistance (ODA) program financed jointly by the governments of Vietnam and Finland. IPP is in its second phase (IPP2) running through 2014-2018 with 11 million EUR budget. IPP supports Vietnam’s overall goal of becoming an industrialized middle-income knowledge economy by the year 2020. The program’s objective is to boost sustainable economic growth in Vietnam through the increased production and export of innovative products and services.
IPP targets long-term benefits for the Vietnamese economy and innovation system. The program works with key national and international partners to scale up practical innovation and entrepreneurship training as well as to improve local support mechanisms and programs for Vietnamese new innovative companies. It connects key actors in the ecosystem in order to build a strong foundation for Vietnam’s next-generation entrepreneurs and promotes innovation and business partnerships between Vietnam and other countries, particularly Finland.