Over VND7 Bln for Innovation for Social Equity, Sustainable Development

The Ministry of Planning and Investment and the World Bank (WB) recently launched the Vietnam Innovation Day 2011 (VID 2011) with the theme of “Innovation for Social Equity and Sustainable Development”.

 

The programme identifies and provides seed-funding for small and innovative development proposals that exhibit high potential of the community, especially of micro and small and medium size enterprises, social entrepreneurs to bring benefits to the poor and under-served communities, to bridge the economic and social disparities and contribute to the country’s sustainable development and quality of growth in Vietnam.

 

The new thing in this year’s programme is that the award size has increased to a maximum VND600 million per award for implementation (equivalent to US$30,000 doubling the maximum value in previous year) in order to provide maximum support and optimise development impacts of the winning initiatives within the above mentioned theme.

 

It is expected that at least 10 prizes will be awarded. Potential candidates are encouraged to submit proposals to the Organizing Committee from now until 5:00 pm May 5. After the launching ceremony, four introductory workshops will be organized in different provinces from March 17 - 23.