Science and Technology (S&T) enterprise is basically a type of business which realizes the production and trading of products, goods created from the results of science and technology achievements whether obtained by the enterprise itself or integrated from domestic/ international sources. | JSTPM Vol 3, No 4, 2014 49 EXPERIENCE OF SOME COUNTRIES ON THE ORGANIZATION AND OPERATION OF SCIENCE AND TECHNOLOGY ENTERPRISES, SUGGESTIONS FOR VIETNAM MSc. Nguyen Duc Minh University of Hong Bang, Ho Chi Minh City Abstract: Science and Technology (S&T) enterprise is basically a type of business which realizes the production and trading of products, goods created from the results of science and technology achievements whether obtained by the enterprise itself or integrated from domestic/ international sources. However, the majority of this type of businesses is active in those S&T areas which are of national, regional, local priorities, or even the S&T enterprise’s. Normally, established S&T enterprises operate in the field of high technology. Therefore, they are entitled with the state incentive policies in view of encouraging the development of high technology. Experience of the countries mentioned herein may provide useful suggestions for Vietnam during the establishment and organization of activities of S&T enterprises. Keywords: Science and technology enterprise; Organization of science and technology enterprises. Code: 14100601 1. Some basic concepts . Start-up firm In conventional sense, this is a newly established enterprise. In reality, in newly industrialized and developed countries, start-up enterprise is considered as the first phase of forming medium and small enterprises as it is the key of the innovation system in general, and the industrial innovation, in particular [7]. It has been "incubated" in a certain type of business incubator (of universities, high-tech zones or science parks,.). In some directions of emerging technologies, where market demand is still uncertain, the risk is still high, then these firms have more advantage than large companies by their flexibility, dynamic in decision making and concentrating resources on innovation priorities. Obviously, for a country with many start-up businesses, it will have an advantage in the
