Innovative Startup Investment Funds in Viet Nam

Abstract: In order to promote national innovative startups, it is necessary to encourage individual and institution to invest in this field, in which innovative startup investment funds play very important role. The problem is that how to establish, manage and use these funds to ensure its effectiveness. Moreover, whether governments should invest the state budget in innovative startup firms at the beginning, then move gradually to non-govermental funds. In Vietnam, start-up and innovative startup investment fund have been new concepts. This paper has discussed about problems related to innovative startup investment funds such as establishment, management, using mechanisms in Viet Nam based on current regulations and suggest several solutions to develop this type of fund.  

Key words: innovative startup investment fund; innovative startup firms; finance sources

JEL codes: O3