Monash University (Australia) was honored to collaborate with the Vietnamese Ministry of Science and Technology and the Department of Science and Technology Market and Enterprise Development to co-organize Techfest International 2023. The event also marked the 50th anniversary of diplomatic relations between Vietnam and Australia, contributing to bringing innovative Vietnamese startups to the global stage.
Monash University is proud to co-host Techfest International 2023 in Australia, marking 50 years of diplomatic relations between the two countries.
The event took place within the framework of the working trip of the Ministry of Science and Technology delegation led by Minister Huynh Thanh Dat, during their visit and participation in the Global Entrepreneurship Congress 2023 held in Victoria, Australia.
Techfest International 2023 is the next major step in this development. This event aims to enhance the potential of the technology markets and solutions of Vietnam and Australia, while also fostering cross-border cooperation. The event serves as a platform for showcasing and connecting scientific and technological products and innovations from Vietnamese and Australian organizations and individuals, encouraging research, development, innovation, and strengthening diplomatic relations between the two countries.
This is also a special opportunity for Vietnamese startups to learn about operational management processes, equipment, tools, and the latest technological research in Australia. Techfest International 2023 also serves as a platform for Australian companies and venture capitalists to establish scholarship or investment funds for emerging technologies from Vietnam.
On behalf of Monash University, the interim President and Vice-Chancellor, Professor Susan Elliott AM, stated: "Monash University is very proud and delighted to be collaborating with the Vietnamese Ministry of Science and Technology and Science and Technology Enterprises to organize Techfest International 2023."
In his presentation on the innovation and startup ecosystem, Director Pham Hong Quat shared: "Vietnam ranks 48th out of 132 countries in the Global Innovation Index (GII), positioning our economy in the top 4 in Southeast Asia. Furthermore, Vietnam's startup ecosystem is ranked 54th globally and 10th in the Asia-Pacific region. These achievements are proof of Vietnam's youthfulness, dynamism, and enormous potential in innovation and entrepreneurship."
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