The discussion focused on financial mechanisms, university autonomy, and opportunities for cooperation in building a deep-tech startup ecosystem. Minister Vu Hai Quan expressed interest in learning from IIT Madras' experience in institutional autonomy, innovation governance, and practical cooperation models.
Overview of the working session
Professor V. Kamakoti, Director of IIT Madras, shared that the Institute has developed a highly effective model that combines public investment, tuition revenue, consultancy services, and private contributions. This diversified approach has enabled IIT Madras to make efficient use of resources while delivering strong outcomes in research, innovation, and entrepreneurship.
IIT Madras is now recognised as a leading innovation hub, generating hundreds of patents and more than 100 startups each year. Its deep-tech ecosystem includes over 500 startups with a combined valuation of around INR 530 billion.
Delegates pose for a group photo to mark the occasion.
Both sides agreed to further promote delegation exchanges, academic collaboration, entrepreneurship training, and joint efforts to shape a Vietnam–India startup cooperation model in deep technology.
