Da Nang invests over $5.4 mln in science and technology since 2021
The central city has taken the lead in establishing policies to foster an innovative start-up ecosystem.
Central Da Nang city has invested around VND140 billion ($5.4 million) in more than 100 science and technology projects since 2021, according to the city’s Department of Science and Technology.
Of the total, VND107 billion ($4.15 million) came from the city's science and technology budget, VND11 billion ($427,500) from central funding and VND22 billion ($855,000) from other sources.
The city has actively built a favorable legal corridor to accelerate innovation and startup. In the 2021-2024 period, the city issued 59 policies and regulatory frameworks to promote science, technology and innovation. These include support for enterprises in technology innovation and start-up incubation, intellectual property development, incentives for creative labor and standards and measurement regulations to enhance product quality and productivity.
In recent years, Da Nang has taken the lead in establishing policies to foster an innovative start-up ecosystem.
