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The event took place within the framework of the Danang Innovation and Startup Festival - SURF 2025 organized by the Danang Innovation and Startup Support Center (Department of Science and Technology) on July 30.
Human resources are the deciding factor
At the seminar "Da Nang - Blockchain unicorn launch pad", experts said that human resources are the most important factor to operate a successful startup project.
Mr. Jonah Lau, Head of Incubation at Animoca Brands Software Company (Hong Kong, China), highly appreciated Da Nang's open-minded spirit and aspiration to become a technology hub; a great place to attract and develop technology talent, a key factor in the startup ecosystem. Da Nang is well positioned to attract talent and has the potential to become an ideal destination for technology founders around the world.
According to Jonah Lau, artificial intelligence (AI) can replace many jobs, but in the end, humans are the ones who execute and control the technology. Besides human resources, it should be noted that for any startup project, a product distribution strategy and identifying the right target market are prerequisites.
Meanwhile, Mr. Tom Ngo, CEO of Metis Investment Fund, said that in the early stages, the chance of success when starting a business is very small, so support from local authorities plays a key role. Da Nang is clearly demonstrating its role as a companion to startups, creating favorable conditions for connecting researchers, businesses and the government.
The city has been implementing many open policies, especially encouraging the experimentation of new technologies such as blockchain technology. To start a business effectively, startups need to be connected with experienced mentors, especially in the field of new technology. At the same time, startups must understand the ecosystem instead of focusing on a single product.
Choosing an investment location is very important, startups need to carefully research the market, policies and local laws before developing solutions.
Ms. Alexis Low, APAC Regional Manager of Lisk Investment Fund, expressed her hope that Da Nang will become a launching pad for the 3rd generation internet system - Web3 in the region. The city has suitable infrastructure and is building a fairly good innovative startup ecosystem.
This is an important foundation for the development of blockchain technology. However, since each blockchain has its own technical characteristics, development requires a stable institutional framework, along with time and in-depth consultation to ensure sustainable success.
Building new technology development policies
Mr. Nguyen Hoai Tuong, Director of Digital Transformation at HVA Investment Joint Stock Company, believes that blockchain is one of the core technologies of the Fourth Industrial Revolution. Vietnam is not only focusing on building a digital transformation strategy but also on applying new and advanced technologies such as blockchain to improve security and transparency in data management and operation.
In Da Nang, the digital strategy is well-planned with a long-term vision and reasonable resource allocation. However, to realize it, specific implementation steps are needed. One of the effective approaches is to apply a controlled testing legal framework (sandbox). Presenting problems and challenges and assigning them to startups to solve will be a feasible direction. This approach not only promotes innovation in the startup community but also helps the city find solutions that are close to needs and easy to implement in practice.
According to Mr. Tran Quoc Viet, Director of Risegate Blockchain Technology Joint Stock Company, the Prime Minister has issued Decision No. 1236/QD-TTg on the national strategy on application and development of blockchain technology to 2025, with a vision to 2030. This is the first open policy and creates the foundation for blockchain in Vietnam in general and Da Nang in particular.
The next thing to do is to nurture and incubate a suitable environment for the development of blockchain technology startups. Da Nang is implementing investment attraction very well through specific policies such as tax reduction for innovative startups or special incentives for strategic investors... It can be said that Da Nang has a lot of potential to develop new technology fields.
According to Mr. Vo Duc Anh, Deputy Director of the Danang Center for Supporting Innovative Startups, the theme of SURF 2025 is "Policy Launchpad - Nurturing Unicorns", which is also the city government's view on developing an innovative startup ecosystem that requires appropriate incentive policies.
The city has issued many policies to promote science and technology, specifically more than 30 incentive mechanisms for innovative startups. Currently, Da Nang has policies on tax exemption, land rental support, shared infrastructure support at Da Nang Software Park No. 2, etc.; at the same time, it is building a sandbox.
This is a new policy, a new mechanism in Vietnam, so risk management is an important issue for the Da Nang city government, which is researching to build a policy to balance benefits, to be able to apply new technology but also manage risks.
Source: https://baodanang.vn/da-nang-thuc-day-khoi-nghiep-cac-linh-vuc-cong-nghe-moi-3298299.html
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