PM encourages startup and innovation ideas among students

VOV.VN - Prime Minister Pham Minh Chinh on March 25 encouraged students nationwide to develop and realize startup and innovation ideas for the country’s development and prosperity.

Startups and innovations are an important driving force behind the development of each country, especially in the era of globalization, international integration and Industry 4.0, Chinh said at the opening ceremony of the fifth national startup day for students (SV_STARTUP 2023) in the central province of Thua Thien-Hue.

According to the PM, the Party and State have over the years paid special attention to and have introduced policies to support and encourage start-ups and innovations. The start-up drive has spread widely from urban to rural areas and to remote, border, island, and ethnic minority areas, with entrepreneurial spirit and aspirations beginning to flourish in people of all social strata, especially among young people.

The annual SV_STARTUP becomes a useful playground for students, where valuable ideas and scientific research projects are formed to promote young entrepreneurial aspirations, and at the same time, create a favourable environment for students to realize startup ideas, said the PM.

He cited statistics, saying the past five years has seen thousands of startup projects in the field of vocational training and education initiated by students nationwide, with many of them granted awards and commercialized in practice.

So far more than 60 venture capital funds have been established, and more than 3,000 business startups have reaped success in their operation. In addition, nearly 100 universities have made entrepreneurship a major subject, while many training institutions have developed start-up student support funds, with 98 startup incubators taken shape in school.

To ramp up the startup drive among students, the PM requested that relevant ministries and agencies revise mechanisms and policies relating to capital allocation, infrastructure development, human resources, taxes, fees, and charges to create favourable conditions for students to develop and undertaken feasible start-up projects.

The PM stressed the need to develop incubation and startup centers for young people integrated into the national startup ecosystem to be formed in future.

It’s important that young people dare to think, dare to do, and dare to take risks in order to enjoy success in future, said the PM.

After the ceremony, PM Pham Minh Chinh and delegates visited booths displaying students’ startup projects and products.

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