In order for business to achieve innovative technology, improve product quality and production effectiveness, on September 18 1999, the Government of Vietnam issued the decree 119/1999/NĐ-CP that set the policies and financial mechanism to support enterprises to invest in scientific and technological activities. The Enterprise Support Program covers no more than 30% of the project expenses for enterprises to perform scientific and technological tasks in line with the State’s priority scientific and technological directions.

I.Eligibility:

II. Scope of funding

• Research into the creation of new products for export or used as substitutes for imported new materials, precious and rare materials, materials with special properties
• Research into the creation of new bio-technologies to produce plant varieties and animal breeds, medicinal drugs for human being, domestic animals and crops, which are of high quality, international standards and high economic efficiency
• Research into the creation of advanced technological lines and technologies for manufacturing components and parts with high technical content
• Research into the creation of production technologies with the consumption of less fuels, raw materials and materials than the existing technologies
• Research into technology(ies) for treating pollution and protecting the environment, and technologies for treating and processing solid, liquid and gaseous waste

III. Type of funding

• Maximum financial support: no more than 30% of the project expenses
• Funding method: Grants provided on the basis of the result following the rate of progress, content and approved funding (enterprises pay all expenses before receiving Nafosted’s committed funding)

IV. Application

• Application form
• Research proposal
• Scientic CVs of the project leader and main participating members
• Certificate of business registration
• Legal documents proving the ability to raise capital for the research project
• Report of business operation and results in 2 consecutive years and plan of the following year
• Certified document of cooperation with scientific and technological organizations (if applicable)
• Other supported documents

V. Deadline and procedures: will be announced on the website of NAFOSTED

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