BEGIC - Within the framework of the Asian Economic Cooperation Meeting - Horasis Forum 2019, on the morning of November 25, at the Binh Duong Exhibition and Convention Center, the MOU signing ceremony was held between the Corporation of Industrial Investment and Development - Joint Stock Company (Becamex IDC) and the National University of Singapore (NUS) and the Applied Informatics Mechanics Institute that is directly under the authority of Vietnam's Sciences and Technology Academy.
Attending the signing ceremony were
Mr. Vuong Dinh Hue - Member of the Politburo, Deputy Premier; leaders of ministries,
branches and localities; Mr. Tran Van Nam - Member of the Central Committee of
the Party, the Provincial Committee Secretary, Head of the Provincial National
Assembly Delegation; Mr. Tran Thanh Liem - Deputy Province Committee secretary,
Chairman of the Provincial People's Committee; Dr. Frank Jurgen Richter -
Chairman of the Horasis Forum; Vice Chairmen of People's Council, Provincial
People's Committee; businesses.
According to the signed content,
Becamex IDC and NUS cooperated to set up Block71 with a view to nurturing a strong
and innovative startup ecosystem in Vietnam.
This collaborative initiative will
create a two-way flow for the exchange of talented individuals, technology and
startup companies, with the goal of encouraging creativity and promoting
startups in Vietnam and Singapore. Vietnamese and Singaporean start-up companies
can use Block71's global network of resources and relationships so as to launch
start-ups and gain access to international markets. Besides, this coolaboration provides more
opportunities for the information
exchange, connection and access to programs between Singapore, Vietnam and the
Block71 in Vietnam is the latest
expansion of NUS's international startup gateway network, helping NUS companies
of startup and technology have access to new markets and vice versa, promoting
the access to NUS’s programs of education and innovation for Vietnamese
students and entrepreneurs.
Founded and managed by NUS
Enterprise, with strategic cooperation and links with businesses and government
agencies, Block71 leverages the synergies of NUS Enterprise's vast experience widely known for being the main unit behind
the start-up ecosystem associated with Asia's leading University, as well as in
combination with the rich experience of
Becamex, the leading industrial infrastructure developer in Vietnam with a
system of the industry zones across the country.
Speaking at the ceremony, Professor
Freddy Boey - Vice Rector of National University of Singapore said: "NUS is
excited to start a partnership with Becamex to expand Block71's presence in
Southeast Asia. The new position of Block71 Vietnam will give individuals
participating in start-ups and innovation opportunities to reach new markets,
provide NUS students with interesting internship programs, and supply
information and access to innovative start-up programs, training programs in
Singapore like masters’ and NUS technology access programs. "
Deputy Premier Vuong Dinh Hue
and leaders of Binh Duong province, Horasis Forum, VSIP witnessed those of Becamex
IDC and Singapore’s National University signing the cooperation agreement
Mr. Nguyen Van Hung -
Chairman of Becamex Corporation said: "We are on a journey to build an
innovation ecosystem around Becamex's core business of developing
infrastructure and industrial services. We are also excited to establish a strategic
relationship with NUS, Asia's leading university, with the aim of supporting
startup businesses and local talents in learning and pursuing entrepreneurship.
We welcome startup businesses wishing to enter Vietnam’s market as well as
access to local technology talents.These are core issues in our strategic goal
that is to create favorable conditions for the restructuring of Vietnam's
economy from an economy of labour intensive into that of technology intensive
and intellectual activities.”
Block71 was named out of its origin
place - the Block71 building in the Ayer Rajah industrial complex in Singapore,
where abandoned industrial buildings were transformed into a strategic
geographic location for the innovation through the way of gathering and developing
a community of local tech startup. Besides Singapore, Block71 was established
in many other places such as San Francisco (USA), Jakarta, Bandung and
Yogyakarta (Indonesia) and two locations of Suzhou (China).
Deputy Premier Vuong Dinh Hue
and leaders of Binh Duong province, Horasis Forum, VSIP witnessed leaders of
Becamex IDC and the Applied Informatics Mechanics Institute signed a
At the ceremony, Becamex IDC also
signed a contract with the Applied Informatics Mechanics Institute to
coordinate the construction of a high-tech center, aiming to establish the Applied
Informatics Mechanics Institute in Binh Duong.
NUS Enterprise and Becamex IDC will closely co-ordinate to build a vibrant and
sustainable start-up ecosystem, and construct a business developing bridge in
Vietnam, and additionally, Block71 supports startup businesses by providing:
to global networks - NUS Enterprise and Becamex have a comprehensive network
including investors, partner companies, advisors and businesses. Startup
companies in Singapore have easier access to the market and Vietnam’s startup
businesses can take advantage of NUS Enterprise start-up centers in the United
States of America, Indonesia, China and Singapore to enter into joint ventures
in these markets.
support for the startup incubation - NUS Enterprise organizes a range of
support programs to help entrepreneurs launch and develop their ideas.
to pilot and test technology and business ideas.
to participate in startup initiatives such as business competitions, idea
endorsement programs, exchange sessions, conferences and other startup-related
ecosystem and a community, a strong start-up community provides synergies and
opportunities of cooperation. It is also a channel for sharing successful
business models. Events and start-up activities are frequently held at Block71
to strengthen a strong community.
programs on innovation in technology and entrepreneurship at NUS.