In 5 years, only 12 student startup projects have raised capital.

Seven years ago, the Prime Minister approved the project "Supporting students to start businesses until 2025" (Project 1665).

The Ministry of Education and Training assessed that after 7 years of implementation with many practical and effective solutions, Project 1665 has created strong changes in the awareness and actions of the entireeducation sector.

Students of Ho Chi Minh City University of Technology at the Bach Khoa Innovation 2024 competition

Specifically, from 2020 to 2024, the number of student start-up projects is 33,808 projects, an average of 5,635 projects per year. The number of start-up projects of middle and high school students is 8,700 projects, an average of 1,465 projects per year.

The number of startups, initiated by university incubators from 2020 to present is approximately 300. The number of startups that have raised capital from investors is 12, the largest capital is 1 billion VND/project.

100% of universities and vocational training institutions have plans to support students in starting a business; 90% of high school students, university and college students are educated, equipped with knowledge and skills about starting a business before graduation. The rate of students starting a business after 5 years of graduation continues to be maintained at 8%.

The number of higher education institutions that have made entrepreneurship a compulsory or elective subject with a minimum of 2 credits/subject is 58%, including some pedagogical colleges that have made entrepreneurship an elective subject for students; 75% of training institutions have organized short-term training activities for students through entrepreneurship skills classes...

By 2024, 60% of schools will have established startup clubs in priority areas based on the strengths of the training institutions; 110 training institutions will have arranged common spaces to support startups for students, an increase of 20 training institutions compared to 2023; about 50 training institutions will have established centers to support student startups, an increase of 5 training institutions compared to 2023. 10 training institutions will have established startup support funds for students, most of which are to support incubation and experimental production activities.

During the years of implementing Project 1665, more than 2,100 lecturers and nearly 10,000 students were recognized and rewarded by schools for their achievements in start-up activities. Since 2018, the Ministry of Education and Training has organized the "National Start-up Day for Students" and the "Students with Start-up Ideas" competition.

After 7 times of organization, the contest "Students with startup ideas" has received nearly 2,239 projects from universities; 4,598 startup ideas and projects from vocational students and more than 1,299 projects from high schools and middle schools. Of which, 80% of the projects have products and 20% of the projects are ideas or products at the trial production level.

The Ministry of Education and Training said that this year's "Students with Startup Ideas" contest had 775 startup projects from students participating. The startup ideas were of high quality and diverse, with the content of the ideas focusing on solving social community problems.

The number of junior high school students participating this year increased compared to previous competitions. The projects of students from training institutions applied new technologies such as IoT, Big Data and AI technology. Many projects have been implemented by students and have had initial success, many projects have been implemented and moved to the profitable stage and revenue and profit indicators have had quite impressive growth rates.

This year, the 7th National Student Startup Festival and the “Students with Startup Ideas” competition took place from April 18 to 20 at Ho Chi Minh City University of Technology and Education. The festival was chaired by the Ministry of Education and Training, the Central Committee of the Ho Chi Minh Communist Youth Union, and the Ho Chi Minh City People’s Committee in coordination with the Ministry of Science and Technology, the Ministry of Finance , and the Vietnam Chamber of Commerce and Industry (VCCI).

The festival took place with workshops and forums: Workshop "Breakthrough solutions to promote innovative startups in higher education institutions"; Workshop "Supporting innovative startups in vocational education institutions in the digital economic era"; Workshop "Solutions to promote innovative entrepreneurship among students through consulting, career and employment activities"; Forum "Inspiration for startups from entrepreneurs"...

Source: https://nld.com.vn/5-nam-chi-12-du-an-sinh-vien-khoi-nghiep-goi-duoc-von-196250418140619604.htm