August will witness the launch of a comprehensive innovation startup hub in Ho Chi Minh City.
Ho Chi Minh City's Innovation Startup Centre (SIHUB) to Boost Startup Ecosystem
The Ho Chi Minh City Innovation Startup Centre (SIHUB) is set to open its doors in Xuân Hoà Ward, Ho Chi Minh City, in August, marking a significant step towards the city's ambition to become a leading innovation and startup hub in Vietnam and Southeast Asia.
SIHUB: A One-Stop Solution for Startups
SIHUB, an initiative by the Ho Chi Minh City Department of Science and Technology, aims to foster innovation, entrepreneurship, and startup growth in the city. The centre caters to early-stage startups, innovators, entrepreneurs, researchers, and investors, offering a comprehensive suite of services to support their journey from ideation to commercial success.
Services at SIHUB
SIHUB's offerings include startup acceleration programs, co-working spaces, mentoring and training sessions, networking opportunities, access to funding, research and development support, and more. These services are designed to help startups grow, innovate, and connect with the right resources and people to succeed.
Eligibility Criteria
SIHUB primarily focuses on technology or innovation-driven startups in the early to growth stages. Priority is given to startups based in Ho Chi Minh City or those with intentions to establish there. Participants must have a valid business registration and may need to apply and be selected via competition or proposal processes for specific programs.
Support Timeline and Phases
SIHUB's services are typically offered in stages aligned with startup development phases. This includes an application phase, selection phase, acceleration phase, demo day and networking, post-acceleration support, long-term support, and collaboration with universities, research institutions, multinational companies, and government bodies.
SIHUB's Role in Ho Chi Minh City's Vision
SIHUB is part of Ho Chi Minh City's broader strategy to develop a startup-friendly regulatory and financial environment. The city is focusing on three strategic pillars: enabling policies, infrastructure development, and high-quality human resources. The ultimate goal is for Ho Chi Minh City to join the world's top 100 most dynamic innovation ecosystems by 2030.
For precise program dates, current application periods, and detailed participation procedures, it is best to consult SIHUB’s official announcements or directly contact SIHUB through their official communication channels. SIHUB plays a strategic role in implementing National Assembly's Resolution No 98/2023/QH15, which grants Ho Chi Minh City special mechanisms to accelerate development.
A Cornerstone for Innovation in Ho Chi Minh City
SIHUB will be a cornerstone for Ho Chi Minh City's efforts to drive growth through innovation. Successful pioneering initiatives in the city include the Sài Gòn Hi-Tech Park, Quang Trung Software Park, and the country's first digital transformation programme. Startups and tech organizations based at SIHUB will be eligible for support in business model development, training, and market access. The city is building advanced R&D centres and fostering stronger linkages across the innovation ecosystem.
- SIHUB, due to open in August, is an initiative by the Ho Chi Minh City Department of Science and Technology, aiming to boost the city's startup ecosystem by fostering innovation, entrepreneurship, and startup growth.
- Services available at SIHUB include startup acceleration programs, co-working spaces, mentoring and training sessions, networking opportunities, access to funding, research and development support, and more, designed to help startups grow and connect with the right resources and people.
- SIHUB primarily focuses on technology or innovation-driven startups in the early to growth stages, giving priority to startups based in Ho Chi Minh City or those with intentions to establish there.
- The city's broader strategy includes developing a startup-friendly regulatory and financial environment, with a focus on enabling policies, infrastructure development, and high-quality human resources, aiming to join the world's top 100 most dynamic innovation ecosystems by 2030.
- SIHUB's services are offered in stages aligned with startup development phases, including application, selection, acceleration, demo day and networking, post-acceleration support, long-term support, and collaboration with universities, research institutions, multinational companies, and government bodies.
- Startups and tech organizations based at SIHUB will be eligible for support in business model development, training, and market access, as Ho Chi Minh City continues to build advanced R&D centres and foster stronger linkages across the innovation ecosystem, following the example of successful initiatives like the Sài Gòn Hi-Tech Park and Quang Trung Software Park.
