(MPI) - The National Innovation Center (NIC), Ministry of Planning and Investment in collaboration with the Japan Trade Promotion Agency (JETRO) and the Japanese Embassy in Vietnam held a ceremony to announce the programme “Inno Vietnam-Japan Fast Track Pitch 2023” (Vietnam-Japan Innovation: The Road to Success) in Hanoi on August 29.

The programme “Inno Vietnam-Japan Fast Track Pitch 2023” is launched in Hanoi on August 29. Photo: NIC

The program is within the framework of the "ASEAN-Japan Co-Creation Fast Track Initiative" activity co-chaired by the MPI and the Japanese Ministry of Economy, Trade and Industry.

The programme was held for the first time in Vietnam with the goal of attracting innovative and start-up businesses from Japan and Southeast Asia to solve urgent problems that businesses and corporations are facing. The cooperation between the challenger and the solution-proposing enterprise will help promote knowledge exchange and increase the effectiveness of the application of the achievements of the 4th Industrial Revolution.

NIC Director-General Vu Quoc Huy said, it is a good opportunity for innovative businesses and startups to introduce products and solutions to potential large customers. In particular, excellent products and solutions will have an opportunity to be supported by challengers to develop and invest in the future, toward market expansion and participation in the global value chain.

Ishikawa Hiroshi, Executive Director of JETRO, and Special Advisor to the Minister of Economy, Trade and Industry of Japan said the event, which was successfully held in Singapore and Bangkok, attracted more than 700 investors, startups, large firms and innovation support organisations. The programme is a chance for innovative businesses and startups access resources of JETRO as well as of other organisations.

At the ceremony, six large enterprises possessing challenges from Japan and Vietnam announced details of their 2023 challenges, including: VinGroup, FPT Corporation, Corporation technology MoMo (Vietnam); Kokyu Corporation, Money Forward Corporation, and Fujikin Danang Research, Development and Production Center (Japan).

In Vietnam, the programme is expected to become an annual event, attracting the participation of many innovative and start-up businesses from Japan, Vietnam and countries in Southeast Asia to join./.

Bao Linh

Ministry of Planning and Investment