- The Center provides incubation services companies that focus on solutions to climate challenges
- A year after its inception, the Center is supporting 18 companies, of which 7 are women-led
- After three years, the Center aims to have supported 48 local clean-tech businesses
The Vietnam Climate Innovation Center was launched in 2015 to provide incubation services to small and medium-sized enterprises that focus on creating innovative solutions to climate change challenges in Vietnam. The Center was created to help launch new — as well as grow existing — clean and green technology companies.
The Vietnam Climate Innovation Center achieves its goal by providing entrepreneurs business advisory services to commercialize new technologies, financing in the form of grants to test commercial viability, and access to technology and market information. The Center also advocates for policies that promote effective regulations in climate change technology sectors.
A year after its inception, the Center is supporting 18 companies, providing them with seed funding, technical assistance, and mentorship. Seven of these are women-led companies. After three years, the Center aims to have supported 48 local clean-tech businesses, provided over 1,700 households with access to improved products and services, and mitigated more than 1,000 tons of CO2 emissions.
The Vietnam Climate Innovation Center was initiated by the World Bank – infoDev in 2015 with the support of the United Kingdom’s Department for International Development (DFID) and Australia’s Department of Foreign Affairs and Trade (DFAT) and in collaboration with Vietnam’s Ministry of Science and Technology.
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