Second Proof of Concept competition kicks off

Climate change mitigation is the key topic of the second Proof of Concept (PoC) competition recently launched by the Vietnam Climate Innovation Centre (VCIC).

VCIC deputy director Pham Duc Nghiem at the launching ceremony (Photo: vtv.vn)

The contest, sponsored by the World Bank (WB) and the Ministry of Science and Technology, was organised following the success of the first event which saw 18 businesses winning awards of innovation start-ups fighting against climate change in 2016.

Speaking at the launching ceremony on April 28, Pham Duc Nghiem, VCIC deputy director highlighted that young enterprises and start-ups play a crucial role in mitigating climate change’s impacts on the environment by creating environmental-friendly, clean products, services and technologies and nudging them closer to people.

Innovation products, services and business models joining the second PoC should be in following categories: effective energy, sustainable agriculture, water management and purification, renewable energy technologies, information and technology and other technologies related to climate change.

Through the competition, start-ups and young businesses will receive international training models developed by experts from the WB and the US’s leading incubator centres as well as call funds amounting to 75,000 USD for the development, deployment and extension of a product or service.

(Source: VNA)