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One of the important new points of the draft Law on Science, Technology and Innovation is the addition of regulations that individuals conducting scientific research and developing technology in public science and technology organizations are allowed to participate in establishing and operating enterprises to commercialize research results created by the science and technology organizations of which they are members. Scientific research activities at the Institute of Chemistry (Vietnam Academy of Science and Technology) - Photo: VGP/Hoang GiangIn recent years, the Party and Government have issued many policies to promote the commercialization of research results. This not only helps science and technology products become commodities but also contributes to making science and technology a driving force for economic growth. However, due to policies being developed and issued at different times, many policy bottlenecks have appeared, leading to a modest number of research results and intellectual property commercialized and applied in production and business practices. There is still a paradox that businesses need technology; Institutes and schools with good research results but cannot implement them due to differences in the provisions of the Law on Science and Technology, the Law on Management and Use of Public Assets, the Law on Civil Servants and Public Employees, the Law on Intellectual Property, etc. Currently, the Ministry of Science and Technology is drafting the Law on Science, Technology and Innovation to replace the current Law on Science and Technology, to be submitted to the Government in February 2025 and to the National Assembly Standing Committee in March 2025. Ms. Nguyen Thi Ngoc Diep, Director of the Legal Department (Ministry of Science and Technology), said that the draft Law on Science, Technology and Innovation has many new points. One of them is that the draft law has expanded the human resources for science, technology and innovation activities to not only include human resources in public science and technology organizations but also includes: masters research students, doctoral students, post-doctoral researchers; individuals managing science, technology and innovation activities in state management agencies; Individuals engaged in scientific research, technology development, research and development support, and technology application promotion in enterprises; individuals engaged in scientific research, technology development, research and development support, and technology application promotion independently or in other organizations. The draft also adds provisions that individuals engaged in scientific research and technology development in public science and technology organizations are allowed to participate in establishing and operating enterprises to commercialize research results created by the science and technology organizations of which they are members; are periodically sent to work at research and development organizations, higher education institutions, enterprises, and other organizations for a certain period of time to exchange academic knowledge, improve capacity, and grasp technological needs. During the time working at these organizations, the salary, planning, appointment, emulation, and reward regimes at public science and technology organizations are still maintained. This is a breakthrough regulation to promote the connection between the research sector and businesses to help improve the level of businesses, link research with practice and promote the commercialization of research results, said Ms. Nguyen Thi Ngoc Diep. In addition, the draft law expands the regulation on assigning ownership of the results of implementing S&T tasks using the state budget to the organization in charge of the task, except for some special cases to create conditions for the organization in charge to continue investing, perfecting the results and commercializing the research results. This regulation will remove the bottleneck in valuation before assigning rights in current regulations. At the same time, it will perfect the regulations on using profits from using, transferring the right to use, transferring, and contributing capital with the results of science and technology tasks using the state budget. Developing the spin-off business model. Along with that, the Ministry of Science and Technology is also developing a Decree regulating the establishment or participation in the establishment of enterprises, participating in capital contribution to enterprises to commercialize the results of scientific research and technology development. This Decree will apply to public universities and vocational training institutions, science and technology organizations in Hanoi, and officials working at these units. The Decree plays an important role in promoting the commercialization of science and technology research results, creating favorable conditions for scientists to transfer technology into practice. At the same time, it contributes to strengthening the connection between research organizations and enterprises, improving the efficiency of using national science and technology resources. Accordingly, the Decree will detail the conditions, authority, order and procedures for establishing or participating in establishing a spin-off enterprise. The Decree also mentions contributing capital to enterprises to promote the commercialization of scientific research results and technology development. Spin-off enterprises need to meet specific criteria to ensure feasibility and operational efficiency. First of all, scientific and technological research products must be granted intellectual property rights or legal use. In addition, the project to establish an enterprise must be approved, and the research results must havecommercialization potential. Financial and human resources must be fully prepared to operate the enterprise effectively. The process of establishing a startup
