HANOI, Vietnam, July 25, 2018 /PRNewswire/ -- The Innovation & Incubation Center, an arm of the Executive Operation Office for Industry-Academia Cooperation at Chung Yuan Christian University (CYCU) hosted the Taiwan Startup Trade Delegation event in Vietnam between July 16 and 20, 2018. Led by Yi-Ning Chen, the director of the center, the delegation of representatives from eight startups based in Taoyuan, Taiwan engaged in trade exchanges with companies in Hanoi, and visited several of the local startups, universities, investment groups and government agencies, in a mission to gain a better understanding of the current entrepreneurial environment and investment market in Vietnam.
The delegation poses for a photo with Quang Ninh Investment Promotion Agency head Nguyen Duc Tiep, Young Entrepreneurs’ Association chairman Nguyen Huu Thuy and Investment & Start-up Club director Bui Van Quang during the visit to the agency’s offices on July 19, 2018
On July 16, following a lengthy series of negotiations, the eight Taoyuan-based startups signed nine memoranda of understanding involving collaborative efforts in technology, agency representation, product distribution and trade with the 30 Vietnam-based organizations, all of whom were members of the local entrepreneurship club, with the aim of assisting Taiwanese firms seeking to expand into the Vietnamese market.
The delegation also visited UP Co-working Space, Phuong Dong University, Vietnam Investment Development Group, Quang Ninh Young Entrepreneurs' Association as well as Quang Ninh Investment & Start-up Club, as well as other incubators and accelerators for startups, resulting in several of the visited organizations signing MoUs with the center for cooperation in trade, investment, talent and technology.
With a focus on the ASEAN market, the center has partnered with governmental bodies and private organizations in Indonesia, Thailand, Malaysia and Vietnam. The center has established incubation centers with 12 strategic partners and 7 organizations with a local presence in 16 countries, enabling small- and medium-sized companies in Taiwan to take advantage of opportunities and expand into markets worldwide by capitalizing on their executives' many years of accumulated know-how and experience in international business.