Supporting innovative startups with IP legal consultancy

The event was a follow-up to a similar one hosted in Hanoi on October 18 as part of the framework to support the market development of innovative startups that was approved in Decision No.844/QD-TTg by Prime Minister Pham Minh Chinh in May 2016 and implemented by the MoST.

The conference was attended by representatives of innovative startups, sci-tech enterprises, startup support organisations, universities, research institutes, IP service organisations, and other units under the MoST.

Discussions centred around the role of IP and industrial property information for innovative startups and sci-tech enterprises, proposals and recommendations on the effective use of industrial property information results, and tools for tapping into industrial property information to benefit startup activities.

Other topics were related to financial support policies from the National Technology Innovation Foundation Fund, support activities to enable the ecosystem to develop, and lessons from other countries to support innovative startups.

Dr. Nguyen Huu Can, from the VIPRI, said that the three most valuable forms of IP assets are customer databases (42 per cent), product technology (40 per cent), and research and development information (23 per cent) – based on a survey of 314 senior-level business managers in China, France, Germany, Singapore, the United Kingdom, and the United States who work in consumer goods and retail, finance, energy, and natural resources.

“IP assets play an important role for businesses. Those that own them generate an average revenue per person that is 20 per cent higher than those that do not,” he noted.

At the event, experts also gave legal consultancy about IP to startups and sci-tech companies, and discussed issues related to finance, intellectual property valuations, and more.

Vietnam, RoK boost intellectual property cooperation The Intellectual Property Office of Vietnam (IPO) under the Ministry of Science and the Korean Intellectual Property Office (KIPO) of the Republic of Korea (RoK) signed a Memorandum of Understanding (MoU) on strengthening intellectual property cooperation at a ceremony on June 22 in Hanoi.

Vietnamese firms get support to protect intellectual property abroad Registration for the protection of intellectual property rights of Vietnamese enterprises abroad is on the rise, contributing significantly to the process of entering foreign markets as well as promoting products.

Vietnam leaps two places in Global Innovation Index in 2023 Vietnam has moved up two places in the Global Innovation Index (GII) in 2023, ranking 46th out of 132 countries and territories, according to a GII report released by the World Intellectual Property Organisation (WIPO).