Client Case: World Bank Group
TRANSITION FROM GOVERNMENT FUNDED INSTITUTES TO MARKET FUNDED INSTITUTES IN VIETNAM
- World Bank Group project in Vietnam.
- For World Bank Group, developed recommendations in Vietnam for transition from government-funded applied research institutes with a guaranteed budget to ones that are largely market-driven, self-financed, and more responsive to the private sector.
Participants & Process
Conducted detailed discussions with research institute (and university) researchers and management at 10 institutes selected as having the highest potential.
Evaluated government financial support during transition, provided education in technology absorption/adaptation and technology commercialization including spin-off company creation, funding to support the transition of R&D through the proof of concept and prototype into products/services, help in accessing and developing
global networks of partners and customers, need for business sector help and private sector connections, measures of performance to monitor progress and adapt.
Fundamental elements to develop Vietnam’s science and technology capacity, including: education for Government research institutes, universities, and businesses in the skills and practice of project management, market intelligence, technology commercialization, and IP management.
Recommendations to increase the number of investment-ready business
opportunities to attract investment (public, private, grant, debt, equity). Clear, and enforced, IP laws.
- Recommendations included in $100 million loan to the Government of Vietnam.
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