The VCIC will support local entrepreneurs through a targeted suite of services, which include:

Vietnam is one of the five most vulnerable countries to climate change in the Asia-Pacific region. Yet its climate-related challenges offer a unique opportunity to leapfrog older inefficient technologies, increase competitiveness, and participate in global innovation efforts.

To turn climate challenges into opportunities for growth, the Vietnam Climate Innovation Center (VCIC) is helping local small and medium enterprises (SMEs) commercialize and scale the most innovative private sector solutions to climate change.

The center provides financing and a suite of targeted services to local innovators. In addition to serving as a business accelerator for promising ventures, the CIC offers business advisory services and training to build local capacity, financing to bridge funding gaps, and policy support to promote more effective policies and sector regulations. By supporting local clean-tech enterprises, the center helps the country reduce emissions and improve climate resiliency, while also creating jobs and regional competitiveness.

The VCIC is an initiative of the World Bank Group’s Climate Technology Program. The center is supported by UKaid and the Australian Department of Foreign Affairs and Trade and is being implemented by the Government of Vietnam through its Ministry of Science and Technology.

For more information on the center, please visit www.infodev.org/climate or www.vietnamcic.org

A NEW CLEAN TECH HUB TO PROMOTE GREEN GROWTH

VIETNAM CLIMATE INNOVATION CENTERCLIMATE TECHNOLOGY PROGRAM

Business advisory services to commercialize new technologies

Financing in the form of grants to test commercial viability

Access to technology and market information

Policy support to promote more effective regulations in the climate technology sectors

VIETNAM CLIMATE INNOVATION CENTER SERVICES

] To watch the video scan the QR code with your smartphone or visit www.infodev.org/VCIC ]

KENYA

SOUTH AFRICA

ETHIOPIATHE CARIBBEAN

MOROCCO

GHANA

VIETNAM

The Vietnam CIC is one the seven centers in the Climate Technology Program’s Global Network. The network amplifies the reach and scope of each center by providing a platform to share knowledge and data, create international business-to-business linkages, and facilitate trade across regions. By combining locally tailored services with access to international partners and global expertise, the VCIC helps innovative Vietnamese enterprises become more competitive in both local and international markets.

A GLOBAL NETWORK OF INNOVATION CENTERS

It is projected that after three years the VCIC will have significant impacts on the environment and local economy. These include:

THE VCIC IMPACT More than 1,000 tons of CO2 emissions avoided

48 clean-tech local businesses supported

Over 1,700 households with access to new/improved products and services

For more information on the VCIC, please visit www.infodev.org/VCIC

SERVICES OF THE CIC NETWORK

GROWING MARKET OPPORTUNITIESInvestments across 15 clean technology sectors in 145 developing countries are expected to top US$6.4 trillion over the next decade, with US$1.6 trillion of that market accessible to SMEs.

LOCAL INNOVATIONSMEs embrace the ‘disruptive’ entrepreneurial approach required to address climate change. Compared to large companies, nascent firms have the flexibility to experiment with new business models, enter under-served markets, and take on technology risks.

LOW-CARBON ECONOMYClean technologies can help Vietnam reduce greenhouse gas emissions while also supporting the country’s sustainable economic growth.

THE VALUE OF GREEN SMEs