Two innovation system projects to receive an additional EUR 100,000 scaling up grant from IPP to accelerate growth and reach sustainability.
o2 ecosystem developers already received grant last year has just been selected for scaling up fund in 2016. These two system projects, which demonstrated outstanding performance, have passed exhaustive evaluation rounds by an independent panel of international and local experts.
From August 2015 to January 2016, 18 innovative companies and 4 ecosystem development teams received both financial and soft support to further develop their businesses. This included trainings, workshops and hand-on coaching as well as access to networks of advisors, experts and investors through the 2015 IPP Innovation Accelerator Program (IAP). IPP2 has decided to continue its support in 2016 by providing a larger phase 2 grant up to a maximum of EUR 100,000 for 02 ecosystem development projects with sufficient performance during eight months, strong commitment from a dedicated team and a highly scalable model for greater impact have been selected for further support.
Unselected projects in IPP2’s existing portfolio can still receive further support from the program such as participating in workshops and network access.
The 2 selected system projects are listed as below:
|Project Name||Applicants||Project Descriptions|
|Development of Da Nang Entrepreneurship and Innovation Ecosystem||University of Danang, ICT||City wide holistic cooperation to boost entrepreneurship and innovation, developing two incubators|
|Da Nang Institute for Socio Economic Development (DISED)|
|Danang Entrepreneurship Support Company – DNES|
|Fablabs Vietnam||Conech Co. Ltd||Fabrication laboratories network in Vietnam|
|Nobo Co. Ltd.|
|University of Science & Technology of Hanoi|
|VENTI Co. Ltd.|