The Saigon Innovation Hub (SIHUB) and Bosch Vietnam on June 27 signed a memorandum of understanding on supporting start-ups in HCM City.

Bosch will send experts to work with SIHUB to assess start-up projects and offer consultancy.

The two sides will organise annual industrial and technical start-up contests.

Besides, Bosch’s two R&D centres in the city will co-operate with SIHUB and start-ups to research and deploy Internet of Things-based intelligent solutions.

SIHUB is run by the HCM City Energy Conservation Centre.

Also on Tuesday Bosch organised a conference on the Internet of Things in the city.

The event included interactive panel discussions and an exhibition of the company’s innovations in the areas of mobility, ports and airports, commercial spaces, residential spaces, and industry 4.0.

They included a range of connected solutions that are of particular interest to Viet Nam in areas like smart city and industry 4.0.

Vo Quang Hue, managing director of Bosch Vietnam, said Viet Nam is in the process of industrialisation and modernisation and international integration, and the Internet of Things and Industry 4.0 provide great opportunities for it to develop its economy as well as industrial sector.

Bosch is a global supplier of technology and services with a presence in the Vietnamese market since 1994. — VNS