Opportunities exist for startups in the challenges posed by large corporations.

DNHN - Six large corporations from Vietnam and Japan have just outlined the problems they face and requested solutions. This is an excellent opportunity for innovative companies and startups to introduce their products and services to potential customers.

The National Innovation Centre (NIC), the Japan Trade Promotion Agency (JETRO), and the Japanese Embassy in Vietnam announced the "Inno Vietnam - Japan Fast Track Pitch 2023" programme at a ceremony on August 29.

On the occasion of the anniversary, the programme was held for the first time in Vietnam and is anticipated to become an annual event within the framework of cooperation between the Vietnamese Ministry of Planning and Investment and the Japanese Ministry of Economy, Trade, and Industry. Vietnam and Japan have been friends and partners for fifty years.

Mr. Vu Quoc Huy, director of NIC, stated that "Inno Vietnam - Japan Fast Track Pitch 2023" aims to connect innovative businesses and Japanese startups with large corporations and businesses in Vietnam and Japan. Prohibit Southeast Asia.

Cooperation between businesses with challenges and businesses with proposed solutions facilitates the exchange of knowledge and enhances the application of the achievements of the fourth industrial revolution.

The director of the National Innovation Centre (NIC) believes that "Inno Vietnam - Japan Fast Track Pitch 2023" will garner significant interest from the Vietnamese innovation ecosystem and the international community. With engaging topics relating to the realities of six difficult businesses, the programme will undoubtedly provide numerous excellent solutions to existing business problems.

Mr. Takeo Nakajima, Chief Representative of JETRO Hanoi, explained that "Inno Vietnam - Japan Fast Track Pitch 2023" is a programme under the "ASEAN - Japan Co-Creation Fast Track Initiative" organised by the Ministry of Economy and Trade and initiated by Japanese Industry. Similar events have been held with great success in Singapore, Thailand, and soon Indonesia.

"The programme will provide ASEAN businesses and Vietnam in particular with numerous opportunities." Vietnamese businesses must enhance their credibility to be selected for proposals with ease. Mr. Takeo Nakajima stated that the deadline for receiving proposals in Vietnam is September 24.

As a competitor in this year's Programme, Vietnamese companies VinGroup, MoMo Technology Company, and FPT Corporation are involved. Kokyu Corporation, Money Forward Group, and Fujikin Da Nang Research, Development, and Production Centre (Japanese side) represent Japanese businesses.

A representative of Vingroup stated during the ceremony that the company is seeking new approaches to maximise the value of used/expired electric vehicle batteries in the circular economy.

Concerning FPT, the challenge is to develop a cross-border carbon credit management and transaction platform and a Virtual Assistant to facilitate the search for legal information within ministries, departments, and industries.

In the meantime, the representative of Momo Technology Company brought up the issue of innovating the payment experience to make it more user-friendly, easy to use, and convenient for user segments that are slow to adopt digital technology, such as middle-aged and elderly people, as well as rural users. Simultaneously, Momo seeks to promote financial inclusion via credit scoring or other methods, particularly for those lacking a lengthy transaction history in the digital financial services ecosystem. The digital format.

According to Mr. Vu Quoc Huy, this is an excellent opportunity for innovative businesses and startups to introduce their products and services to potential large customers. In particular, businesses will demand exceptional products and solutions to support future growth and investment, market expansion, and participation in the global value chain.

Minh Ngoc