Dr. Do Ngoc Chung unveiled the details of a successful research project that transformed green beans into clean bean sprouts, priced at 30,000 VND per kilogram. The project generated hundreds of billions of VND in revenue, and Dr. Chung highlighted the importance of applying scientific results to the market for value creation and profits. His journey as a startup entrepreneur showcased how intellectual property can be transformed into profitable products.
In 2013, Dr. Chung began developing an innovative idea for a fully automatic bean sprout growing device without chemicals. Although he faced initial funding challenges, he was able to establish a thriving company focused on producing equipment for household bean sprout production. By continuously innovating and launching new products derived from clean bean sprouts, Dr. Chung was able to increase the value of his goods and generate significant profits.
To protect his intellectual property, Dr. Chung emphasized the need for registration and collaboration with implementing units. He also stressed the importance of analyzing market potential and utilizing technology and innovation to remain competitive in the industry. Dr. Chung’s technology and intellectual property are now accessible on the IPPlatform platform, which connects rights holders with incubators, startup support centers, and businesses in the innovative startup ecosystem.
Experts and scientists gathered at a conference organized by the Institute of Intellectual Property Science to share their experiences identifying intellectual property for startup activities and discuss ways to support incubation, investment, and technology transfer for innovative startups. The conference aimed to promote commercialization and maximize the value of intellectual property by fostering connections between rights holders and businesses. Director Ta Quang Minh of the Institute emphasized the importance of utilizing platforms like IPPlatform to bring intellectual property into business activities.
In summary, Dr. Do Ngoc Chung’s successful research project demonstrates how intellectual property can be transformed into profitable products through innovation, market analysis, protection registration, collaboration with implementing units, utilizing technology and innovation to remain competitive in the industry while highlighting its importance in startup entrepreneurship journey towards commercialization through platforms such as IPPlatform that connects rights holders with incubators
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