Monday,  Dec 10, 2018,02:07 (GMT+7) 0 0
Cooperation with firms to commercialize research faces hurdles
By Le Hoang
Thursday,  Nov 15, 2018,09:25 (GMT+7)

Cooperation with firms to commercialize research faces hurdles

By Le Hoang

Representatives at the seminar in HCMC on November 13 - PHOTO: LE HOANG

HCMC – Investment in innovation and commercialization of research projects is considered key to the success of universities, but access to enterprises and calls for investment face many hurdles, heard attendees at a seminar held in HCMC on November 13.

At the seminar titled, “Commercializing University Innovation – The New Zealand Story,” co-organized by Education New Zealand (ENZ) and the Saigon Innovation Hub (SIHUB), it was said that New Zealand ranked first in the new Worldwide Educating for the Future Index. Major factors contributing to this achievement are connectivity between schools and enterprises and investment in innovation in education systems, particularly at the university level.

Professors, doctors and experts from New Zealand’s leading universities highlighted access to firms for commercializing research works as the secret to the development of the university education system. Besides this, they introduced successful university models used in New Zealand.

The speakers stressed that the strategy for commercializing scientific research works by cooperating with firms played an important role in boosting the education system.

However, representatives from local universities said that cooperation between universities and firms for this purpose remains limited. Weak connectivity was attributed to enterprises’ low interest in investing in education. More than 95% of the country’s firms are small and medium-sized enterprises, which are not very interested or experienced in conducting scientific research and innovation activities. They tend to prioritize business operations that will help recoup their investment quickly, while investment in education requires significant time and may encounter many risks.

Sharing this opinion, SIHUB Director Huynh Kim Tuoc remarked that in addition to small and medium-sized firms with limited financial resources, Vietnam’s major enterprises and groups had yet to make much of an investment in research and development activities. As such, innovative research works by universities mainly depend on the State’s limited budget.

Others indicated that this limited spending on research has prevented works from being completed or from meeting commercialization requirements. Further, low cooperation with enterprises has resulted in research products failing to meet the demands of the market.

Addressing the seminar, Ben Burrowes, ENZ's South East Asia regional manager, also stressed that innovation and connectivity with enterprises would bring significant success to the development of education systems.

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