Approval has been given by the Da Nang People’s Committee for the ‘Building Business Incubators Centre’ project.

The centre will operate under the name of the Da Nang Start-up Support and Investment Company Ltd with initial charter capital of around 30 billion VND.  Of this figure, 20 billion VND will come from the city’s Investment and Development Fund, whilst the remainder will be donated by local individuals and businesses.

The company will take responsibility for organising start-up events, searching for feasible business ideas, and introducing them to leading domestic and foreign investors.  The focus will be on offering production and business space plus consultation services for local businesses, as well as appealing for more donations from the public.  The operation process of the centre will feature pre-incubation, incubator selection, incubation, graduation and post-incubation.