On August 3^rd, Prof. Nguyễn Thị Thanh Mai – Vice President of the University of Science, represented the University to participate in the Seminar on Promoting the Establishment of a Technology Transfer Office in the University (Technology Transfer Office – TTO) and signed a cooperation agreement with the Saigon Innovation Hub (SiHub), becoming one of the first ten universities participating in the project of establishing this organisation.

“We aspire to create professional commercialization activities and bring in revenue from research results, not in modest numbers like today but in the top numbers of about 100 million dollars,”  Mr. Huỳnh Kim Tước – Director of Saigon Innovation Hub, shared.

The consulting programme will last about six months to unify implementation methods at each specific University to effectively connect with the start-up ecosystem and promote technology transfer activities at the unit. The project has the participation of the Saigon Innovation Hub, the EXPARA Investment Fund, the Australian Department of Foreign Affairs and Trade and the University of Technology Sydney (UTS).

“The innovation start-up ecosystem is the most important thing to create the success of a start-up. The University is the key to promoting that ecosystem. Even in the University, there are plenty of raw materials, such as researchers, scientists, engineers, intellectual property, viable ideas, managers, etc., but such materials cannot become a successful Startup; it is the technology transfer organisations in the University that turn those ingredients, as if they were the ingredients of a dish, into a perfect meal. As Startups are looking for Investment Funds and Investment Funds are also constantly looking for Startups, technology transfer organisations are the right place for them to find each other  easily,” said Douglas Abrams, CEO of EXPARA.