Asia's First Climate Entrepreneurship Hub Launched in Hanoi
The U.S. Department of State, Vietnam’s Posts and Telecommunications Institute of Technology (PTIT), VMO Holdings Technology Joint Stock Company (VMO), signed a memorandum of understanding (MOU) and launched Coalition for Climate Entrepreneurship (CCE Hub) on September 27, 2023.
With the signing and launching ceremony of the CCE Hub, the Parties agreed to work together to promote startup activities in the field of climate change through the use of startup resources, exploiting technology, to thereby minimizing climate change and increasing economic growth with clean energy sources. Along with representatives of the signees, the event was also attended and witnessed by representatives of leaders of the Ministry of Information and Communications, Ministry of Education and Training, Ministry of Science and Technology, Ministry of Natural Resources Environment, National Innovation Center and businesses in the field of IC Design.
|Dorothy McAuliffe, Special Representative for Global Partnerships in the United States Department of State, spoke at the event (Photo: U.S. Embassy in Hanoi).|
Dorothy McAuliffe, Special Representative for Global Partnerships in the United States Department of State said, “The U.S. State Department, along with our hosting and implementing partners, are prepared to use this hub in the coming years to identify sustainability-focused entrepreneurs, convene them here in this space, and equip them with the tools and resources they need to scale climate solutions to market. We are confident this hub will build upon the momentum of the Comprehensive Strategic Partnership issued between Vietnam and the United States during President Biden’s recent visit as we work together to address the climate crisis.”
CCE nurtures entrepreneurship focused on climate solutions by offering support through capital, capacity building, technical assistance, access to mentorship, and network building in the early and growth stages.
CCE Hub Hanoi, located at PTIT, is a dedicated innovation space designed to provide community space for founders and startups. The hub's goal is to facilitate the creation of market-viable businesses that pioneer emerging sustainable solutions or innovate existing solutions, focusing on sustainability, which is clean energy, sustainable agriculture, climate finance, climate resilience and adaptation, and recovery projects.
Sharing about CEE Hub, Associate Professor, Dr. Tran Quang Anh - Deputy Director of PTIT, hopes that “CCE Hub will create a dedicated creative space designed for creators and startups, focuses on sustainable research areas such as clean energy, sustainable agriculture, climate finance, climate resilience and resilience and resilience projects. As the CEE Hub management unit in Vietnam, PTIT &VMO will strive to be a bridge between the business community and make practical contributions to the sustainable development of the environment and Climate change and community benefits.”
|The representatives of the U.S. Department of State, Vietnam’s Posts and Telecommunications Institute of Technology (PTIT), VMO Holdings Technology Joint Stock Company (VMO), signed the MoU on September 27, 2023 (Photo: U.S. Embassy in Hanoi).|
|On September 10, the United States and Vietnam announced the U.S. – Vietnam Comprehensive Strategic Partnership. President Biden applauded Vietnam’s climate commitments under its Just Energy Transition Partnership (JETP), as well as Vietnam’s 2050 net zero greenhouse emissions target. General Secretary Nguyen Phu Trong welcomed the U.S. contribution to mobilizing public and private financing for Vietnam’s JETP and cooperation with the international community to ensure its successful implementation while ensuring national energy sovereignty, security and affordability. The United States committed to assisting Vietnam with both finance and advanced climate technology to fulfill its international climate commitments. Vietnam welcomes projects funded by international financial institutions, including the World Bank, in the areas of climate change response, energy transition, green growth, and renewable energy infrastructure.|
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