Startups founded by students: The Key to Long-Term Success



Students of University of Science and Technology is introducing their project ideas at the Techshow 2019 (Technological Product Exhibition), which are expected to become promising start-up projects in the near future. 

Startups-innovation-creativity has become a mainstream course in many universities. According to experts, with the basic skills and knowledge of starting a business, students after graduation will have many career development opportunities in the future.




For an efficient startup

In order to implement the policy of startup-innovation-creativity, universities have regularly organized entrepreneurship contests to promote entrepreneurship in the university's academic environment. However, not all startup projects can succeed when put into practice.

Dr. Le Cong Co, Chairman of the Board of Directors of Duy Tan University, said: “If only interested in startup competitions, the actual effect will not be high. Therefore, it is necessary to integrate ideas on startup-innovation-creativity into academic programs for students to have the best preparation after graduation. ”

According to Assoc. Prof. Vo Thi Thuy Anh, Vice Rector of the University of Economics, University of Danang, educational institutions must have strategies and policies on financial support to promote start-up projects run by students effectively.

"Unlike some other competitions, startup contests don't just stop at the idea of a business, they require a specific product. Although the foundation of startup-innovation-creativity is based on the technical foundation, the participation of students from economics and humanities sectors will be essential in making business strategies to bring products to market. It would be great if there is a connection among university students to create start-up products of great value." said Assoc. Prof. Phan Cao Tho.




Lecturers must have appropriate qualifications

Taking about the current situation of startup orientation at universities, Dr. Nguyen Thi My Huong – Interim Rector of the VN-UK Institute for Research and Executive Education said that “all programs are still mainly focused on the beginning stage and skip the development and deployment stage.” This is also one of the reasons leading to the situation that most of the student's startup projects do not exist long and effectively. Therefore, according to Dr. Nguyen Thi My Huong, to teach courses related to startup at undergraduate and graduate levels, lecturers must have practical experience in this field.

For a successful startup project, multi-faceted support for students is important. For example, the University of Science and Technology has signed contracts with a number of student projects to implement internally.

In addition, University of Science and Education (UD) is developing a plan to collaborate with enterprises in a charity project to produce smart walking sticks for the elderly with the main functions: incident detection such as falling, calling relatives, sending a request for rescue, etc. This will be a good platform for students to put high quality startup projects into practice.