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The Effect of Innovation Cooperation on Innovation Performance of Start-Ups in Vietnam

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Knowledge Transformation and Innovation in Global Society

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Abstract

Collaboration and partnership with other entities in the start-up ecosystem can be a game-changer for a start-up’s success. It is not uncommon for start-ups to seek collaborations with leading industry players to increase their chances of innovation success, which is a crucial factor in their survival and growth in today’s competitive market. Through partnerships, start-ups can increase their value proposition, save costs, and utilize available resources, including funding, mentorship, and expertise. This research provides valuable insights and implications for Vietnam start-up founders considering adopting innovation cooperation strategies. In particular, this study focuses on product innovation as the dependent variable and examines the effects of innovation cooperation and internal R&D intensity on the product innovation of Vietnam start-ups. The empirical results suggest that investing in internal R&D alone may not be enough to guarantee success in product innovation. However, the study finds a robust positive effect of innovation cooperation, measured by co-patent cooperation in R&D and manufacturing, on product innovation.

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  • 09 April 2024

    A correction has been published.

Notes

  1. 1.

    Decree No. 13/2019/ND-CP dated February 1, 2019, of the Government on S&T enterprises (replacing Decree No. 80/2007/ND-CP, Decree No. 96/2010/ND-CP and Article 20 of Decree No. 95/2014/ND-CP on S&T enterprises) has revised the concept of S&T enterprises as “Enterprises established and operating under the Law on Enterprises, capable of creating or applying scientific and technological results, which are evaluated, appraised and recognized by a competent authority and has a turnover from the production and trading of products formed from scientific and technological results at a rate of at least 30% of the total revenue minus newly established enterprises under 5 years.”.

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Acknowledgements

This research is supported by Project KX.04.19/21-25.

Author information

Authors and Affiliations

  1. Lecturer, Management Science Faculty, National Economics University, Hanoi, Vietnam

    Tran Lan Huong

  2. Head of Faculty, Management Science Faculty, National Economics University, Hanoi, Vietnam

    Do Thi Hai Ha

  3. National Economics University, Hanoi, Vietnam

    Tran Thi Van Hoa

  4. Chairperson, Vietnam Union of Students, National Economics University, Hanoi, Vietnam

    Le Tri Nhan

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  1. Tran Lan Huong
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  2. Do Thi Hai Ha
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  3. Tran Thi Van Hoa
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  4. Le Tri Nhan
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Correspondence to Tran Lan Huong .

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Editors and Affiliations

  1. Vice President, National Economics University, Hanoi, Vietnam

    Hoa Van Thi Tran

  2. Kyoto University, Osaka, Osaka, Japan

    Hiromi Shioji

  3. Business School, National Economics University, Hanoi, Vietnam

    Huong Lan Thi Le

  4. Shiki-shi, Saitama, Japan

    Takabumi Hayashi

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Huong, T.L., Ha, D.T.H., Van Hoa, T.T., Nhan, L.T. (2024). The Effect of Innovation Cooperation on Innovation Performance of Start-Ups in Vietnam. In: Tran, H.V.T., Shioji, H., Le, H.L.T., Hayashi, T. (eds) Knowledge Transformation and Innovation in Global Society. Springer, Singapore. https://doi.org/10.1007/978-981-99-7301-9_10

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