The Da Nang-Seoul innovation space was unveiled on September 29 within the framework of the Da Nang Startup and Innovation Festival (SURF 2023) at the central city of Da Nang, NDO reported.

The space is implemented by the Da Nang Department of Science and Technology and the Vietnam Innovation Network in the Republic of Korea (VINK).

The introduction of the Da Nang-Seoul innovation space. Source: NDO

The Da Nang-Seoul innovation space is designed to bring Da Nang’s innovation startups to the RoK through training programs by the Overall Assistance for Start-up Immigration System of the RoK's Ministry of Justice and the Banks Foundation for Young Entrepreneurs DCAMP.

In this space, VINK will assist with legal procedures for migration and business in the country, as well as connect with Korean investment funds and enterprises.

The space is also a place for Korean companies and investment funds to access information about Da Nang’s startups.

The VINK is one of Vietnam’s eight overseas innovation networks under the Ministry of Planning and Investment, with members including Vietnamese scientists, experts and entrepreneurs living in the RoK.

According to VINK Chairman Nguyen Quang Phuoc, in about one month, the network will lead a Korean association delegation of a Korean association comprising more than 1,000 companies in AI to Da Nang to hold a workshop on the field, which will be a great opportunity for cooperation between the two sides.

The signing of cooperation agreement between the Da Nang Department of Science and Technology and the Academy of Science, Technology and Innovation under the Vietnamese Ministry of Science and Technology. Source: Da Nang newspaper

On the occassion, a signing ceremony was held between the Da Nang Department of Science and Technology and the Academy of Science, Technology and Innovation under the Vietnamese Ministry of Science and Technology on implementing the project to develop Da Nang into an innovation city joining UNESCO Creative Cities Network.

The event also witnesses deals between the Da Nang Department of Science and Technology and VINK on developing an innovative startup ecosystem and with the Da Nang Women's Union on scientific and technological support for women starting businesses and women doing business in the city.

Da Nang has also been awarded the Seoul Smart City Prize in the category of the Human Centricity bronze at the World Cities Summit Mayors Forum in Seoul, for member cities of the World Smart Sustainable Cities Organisation (WeGO), according to VNA.

It is the second regional smart city award that the city has won since it took the Asia-Oceanian Computing Industry Organization (Asocio) Smart City Award in Bangkok, Thailand, in 2019.

This year's award recognized the endless efforts made by the city in boosting outstanding initiatives of building a smart city that focused on happiness, innovative infrastructure, online public service, economic growth, education, and development research with human concentration.

The Seoul Smart City Prize promotes an innovative yet inclusive smart city model that looks after underprivileged groups. It also aims to narrow the gap between cities and commend those who strive to implement an innovative and inclusive model of smart cities in their respective capabilities, given different municipal circumstances.

Da Nang is a member of the 215-member list of the WeGO – a membership-based international association of local governments, smart tech solution providers, and institutions committed to the transformation of cities into smart sustainable cities through facilitating public-private partnerships (PPP) – and the ASEAN Smart Cities Network.

The city’s information technology and communications (ICT) industry also launched a digital ecology system including a multi-service mobile app and digital citizenship, including a smart trips platform, switchboard 1022, and Danamap for emergency calls.

Da Nang has been developing itself as a 'smart city' by 2025 and is the first in Vietnam to join the ASEAN 'smart' city network by 2030.

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