InnoLab Asia

What InnoLab Asia does

InnoLab Asia is a corporate innovation facilitator and open-innovation consultancy headquartered in Ho Chi Minh City, Vietnam. Founded in 2018, the firm operates as the official implementation partner for the Open Innovation Vietnam initiative under the Ministry of Science and Technology, giving it a government-backed mandate to convene and orchestrate the national innovation ecosystem. Its core capability is ecosystem facilitation and program design rather than proprietary technology — InnoLab Asia connects corporations, startups, investors, and government stakeholders through structured advisory engagements, acceleration programs, and large-scale events.

The company's product portfolio spans AI Transformation Advisory (strategic AI roadmaps, custom ML/NLP solutions, data science, AI training), ESG Consulting & Reporting (decarbonization, renewable energy, double materiality, international compliance), Corporate Innovation Advisory, Investment & M&A Advisory, and Innovation Capacity Training (executive workshops, boot camps). Flagship programs include the Vietnam Innovation Summit (VIS, annual since 2022, with VIS 2025 attracting 3,000+ participants from 30+ countries), the Go Global Program (cross-border acceleration targeting Australia, Japan, and UAE), the VUTIX bilateral trade and investment platform with Ajman Free Zone, the ATLAS cross-ASEAN alliance with TechShake, KUMPUL, and Techsauce, and the TECH PLANTER deep tech partnership with Leave a Nest.

Revenue is generated primarily through bespoke professional services and advisory engagements with corporate, SME, and government clients, supplemented by event sponsorship, business matching facilitation, and acceleration program fees. The firm operates with a lean team of 1–10 employees, indicating a partner-led delivery model that leverages its extensive network of ecosystem partners across Vietnam, ASEAN, Japan, UAE, Australia, and Europe. Despite its small headcount, the organization claims to have supported 500+ startups, trained 1,000+ individuals, and delivered 100+ events, with VIS 2025 alone facilitating nearly 300 business matching sessions and on-site contracts exceeding USD 120,000.

Name

InnoLab Asia

Legal name

InnoLab Asia

Website

https://innolab.asia

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

InnoLab Asia is a Vietnam-based open innovation facilitator and consultancy that helps corporations, startups, and government agencies build innovation capabilities and access cross-border markets, serving as the implementation partner for Open Innovation Vietnam under the Ministry of Science and Technology.

Ownership category

akta.pro rank

Product category

Innovation Consulting Services

NAICS

Other Management Consulting Services (541618), Environmental Consulting Services (54162)

SIC

Services-Management Consulting Services (8742), Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Strategy & IT Advisory (BPAEAAAA)

akta.pro secondary industries

EHS Management Systems & ISO Consulting (ISO 14001/45001) (BPAHAJAF), ESG/Sustainable Investment Advisory (FSAEAAAJ), EHS Training, Competency & Culture Programs (BPAHAJAL), Enterprise Architecture & IT Operating Model (BPAHAEAB)

Keywords

• Innovation consulting
• Corporate advisory services
• Startup acceleration
• ESG strategy consulting
• Open innovation ecosystem

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Professional Services & Advisory: Revenue generated from corporate innovation advisory, AI transformation advisory, ESG consulting, market entry programs, investment & M&A advisory, and innovation capacity training. These are bespoke professional service engagements with corporate, SME, and government clients across Asia-Pacific.
2. Acceleration & Incubation Programs: Go Global Program provides incubation acceleration for Vietnamese startups targeting Australian market entry. Prize awards of 30 million VND per project for TOP 10 startups (total 300 million VND). The program also connects startups with Australian partners, investors, and pitching opportunities.
3. Conferences, Exhibitions & Workshops: Revenue from organizing large-scale conferences including the annual Vietnam Innovation Summit (VIS), workshops, exhibitions, and forums that gather thousands of participants from multiple countries. VIS 2025 facilitated USD 120,000+ in on-site contracts.

Go-to-market motion3 records

Distribution channels6 records

Marketing channels10 records

Core offering

InnoLab Asia is a corporate innovation facilitator that provides bespoke advisory services (AI Transformation, ESG Consulting, Corporate Innovation, Investment & M&A), runs startup acceleration programs (Go Global, Crowdpitch, Acceleration Program), and operates the annual Vietnam Innovation Summit plus cross-border facilitation platforms like VUTIX and the ATLAS Alliance. Its services are delivered through professional consulting engagements, structured boot camps and training, and large-scale events designed to help corporations, governments, and startups build innovation capacity and access international markets.

Product overview

InnoLab Asia is a corporate innovation facilitator and consultancy providing a comprehensive suite of advisory and program services. The portfolio includes AI Transformation Advisory, ESG Consulting & Reporting, Corporate Innovation Advisory, Investment & M&A Advisory, Innovation Capacity Training, Market Entry Programs, Acceleration Programs, Crowdpitch, and Events/Conferences. The flagship Vietnam Innovation Summit (VIS) is an annual innovation event series (2022-2025) bringing together global innovation stakeholders. Go Global Program supports Vietnamese startups in entering international markets. VUTIX (Vietnam-UAE Trade & Investment Exchange) facilitates cross-border trade and investment between Vietnam and UAE/MENA regions. ATLAS Alliance, co-founded with ASEAN ecosystem builders, promotes regional startup collaboration. The organization positions itself as the implementation partner for Open Innovation Vietnam under the Ministry of Science and Technology.

Differentiator

Problem solved

Functional benefit

Brands

• VUTIX: Vietnam-UAE Trade & Investment Exchange platform facilitating trade and investment between Vietnam and UAE/MENA region, initiated through partnership with Ajman Free Zone
• ATLAS (Accelerating Transformation & Linkage for Advancing Startups)

Products and services

• AI Transformation Advisory Bespoke AI consulting service that delivers strategic AI roadmaps, custom AI solutions using machine learning and natural language processing, data science and analytics, and AI training programs for corporate clients.
• ESG Consulting & Reporting Sustainability consulting service that helps firms develop ESG strategies, take action on decarbonization and renewable energy, conduct double materiality assessments, and produce ESG reports compliant with international standards.
• Corporate Innovation Advisory Advisory service that helps companies source external innovation to improve product lines and shorten time-to-market, and supports commercialization of internal innovations that fall outside the existing business model.
• Investment & M&A Advisory Advisory services supporting public companies, private companies, and management teams across large corporates and owner-managed businesses on investment and M&A decisions.
• Innovation Capacity Training Structured training programs including executive workshops, intensive boot camps, hands-on classes, and seminars designed to develop innovative leadership and break conventional planning and decision-making patterns.
• Go Global Program Incubation acceleration program helping innovative Vietnamese startups enter international markets, with the 2025 edition focused on Australian market entry and providing mentorship, training, strategic connections, and prize awards of 30 million VND each to the TOP 10 startups.
• Acceleration Program Resource-rich program for startup founders and selected entrepreneurs providing mentorship, growth support, and immersive exposure to the innovation ecosystem.
• Crowdpitch Pitching platform that helps founders practice and refine their pitches, receive feedback from entrepreneurs, and connect with startup communities for potential opportunities and collaborations.
• Conferences, Exhibitions & Workshops Event services including workshops, conferences, and exhibitions that bring experts and participants together for knowledge sharing, best practice exchange, and idea generation.
• Vietnam Innovation Summit (VIS) Annual flagship innovation summit bringing together policymakers, government agencies, regional funds, corporations, startups, accelerators, and global influencers for keynotes, panel discussions, startup showcases, and business matching sessions.
• Vietnam-UAE Trade & Investment Exchange (VUTIX) Bilateral trade and investment platform initiated with Ajman Free Zone that enables Vietnamese and international businesses to enter the Middle East and North Africa, providing financial and tax advisory, legal and business setup, business matchmaking, and investment facilitation.

Quantifiable outcome

• 500+ startups supported across programs and events
• +7 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature5 records

Partnerships

27 partnerships are on record, tiered major, core and minor.

• Western Australia Vietnam Business CouncilmajorStrategic or Co-development Partner · 24 December 2025Strategic partnership forged to accelerate trade, investment, and innovation between Vietnam and Western Australia. Builds on prior MoU with Spacecubed and InnoLab Asia's Go Global Australia Program.
• CIC Fukuoka (Japan)majorStrategic or Co-development Partner · 9 October 2025Co-organized Vietnam Night Vol. 2 in Fukuoka, a flagship event of InnoLab Asia's Japan Mission 2025, providing a platform for Vietnamese startups Eletus.inc and BlueBolt to present to Japanese investors and enterprises.
• 01Booster (Japan)majorStrategic or Co-development Partner · 5 October 2025Co-hosted 'Vietnam Startup Meet & Connect' networking evening in Tokyo during InnoLab Asia's Japan Mission 2025, connecting Vietnamese startups with Japanese investors and corporations.
• Leave a Nest Co., Ltd. (Japan)coreStrategic or Co-development Partner · 12 July 2025MOU signed at TECH PLANTER Demo Day Vietnam 2025 to advance deep tech entrepreneurship and cross-border innovation between Vietnam, Japan, and wider Asia. Leave a Nest operates the TECH PLANTER deep tech acceleration platform across Japan and six Southeast Asian countries, now in its 8th year in Vietnam.
• Swiss-Viet Economic Forum (SVEF)coreStrategic or Co-development Partner · 30 June 2025InnoLab Asia signed an MOU with SVEF as a strategic partner at Vietnam Day 2025 in Switzerland, held in Zurich with 200+ guests. Focus areas include startup ecosystem development, investment promotion, and technology exchange between Vietnam and Switzerland.
• Tokyo Innovation Base (Japan)majorStrategic or Co-development Partner · 7 June 2025Official launch venue for ATLAS alliance on May 7, 2025, hosted by Tokyo Innovation Base, supporting InnoLab Asia's initiative to boost regional startup collaboration across ASEAN.
• Ajman Free Zone (AFZ)coreStrategic or Co-development Partner · 15 May 2025Launched Vietnam–UAE Business Bridge and VUTIX platform. AFZ (winner of 'Free Zone of the Year' at Enterprise Agility Awards 2024, supporting 20,000+ businesses from 165 countries) serves as the UAE gateway for Vietnamese businesses entering the MENA market. MoU signed between InnoLab Asia and AFZ leadership.
• TV HUB (Shark Tank Vietnam)majorGTM or Marketing Partner · 15 May 2025Signatory to the VUTIX MoU alongside InnoLab Asia and six other Vietnamese organizations, supporting the Vietnam-UAE Trade & Investment Exchange platform for bilateral business development.
• Young Businesspeople Association of Ho Chi Minh City (YBA HCM)majorGTM or Marketing Partner · 15 May 2025Signatory to the VUTIX MoU, bringing YBA HCM's network of young entrepreneurs and business leaders to support Vietnam-UAE bilateral trade and investment facilitation.
• Saigon Entrepreneur Magazine (Doanh Nhân Sài Gòn)majorGTM or Marketing Partner · 15 May 2025Signatory to the VUTIX MoU, contributing editorial reach and business community connections to support Vietnamese businesses exploring the UAE and MENA markets.
• JCI Vietnam – Business & EntrepreneurshipminorGTM or Marketing Partner · 15 May 2025MoU signatory under VUTIX platform, providing JCI Vietnam's network of young business professionals and entrepreneurs to support bilateral Vietnam-UAE business development.
• BigTreeX Joint Stock Company (F247)minorGTM or Marketing Partner · 15 May 2025MoU signatory under VUTIX platform contributing to Vietnam-UAE trade and investment exchange facilitation.
• Lady Networking GroupminorGTM or Marketing Partner · 15 May 2025MoU signatory under VUTIX platform, contributing women entrepreneur network to Vietnam-UAE bilateral business development efforts.
• Vietnam Diversity Business GatewayminorGTM or Marketing Partner · 15 May 2025MoU signatory under VUTIX platform supporting Vietnam-UAE trade and investment exchange.
• TechShake (Philippines)coreStrategic or Co-development Partner · 7 May 2025Co-founder of ATLAS Alliance (Accelerating Transformation & Linkage for Advancing Startups), a strategic alliance of leading ASEAN ecosystem builders launched at Tokyo Innovation Base to catalyze regional startup collaboration and cross-border scaling across Southeast Asia.
• KUMPUL (Indonesia)coreStrategic or Co-development Partner · 7 May 2025Co-founder of ATLAS Alliance alongside InnoLab Asia, TechShake, and Techsauce. KUMPUL brings Indonesia's large, tech-savvy startup ecosystem to the alliance, strengthening cross-ASEAN market access and ecosystem coordination.
• Techsauce (Thailand)coreStrategic or Co-development Partner · 7 May 2025Co-founder of ATLAS Alliance. Techsauce contributes Thailand's expertise in public-private partnerships, digital transformation, and ecosystem building to the regional alliance, supporting startups across the ASEAN market.
• Tokyo Innovation Base (Japan)majorStrategic or Co-development Partner · 7 May 2025Host venue for the ATLAS Alliance official launch ceremony on May 7, 2025. Tokyo Innovation Base serves as a strategic partner facilitating InnoLab Asia's market entry and ecosystem connections in Japan's innovation hub.
• Spacecubed (Western Australia)majorStrategic or Co-development Partner · 21 August 2024MoU signed to boost Western Australia's growth and innovation ecosystem. Spacecubed is a Western Australian innovation hub supporting startups and corporates in the region.
• NFQ AsiaminorStrategic or Co-development Partner · 30 May 2024InnoLab Asia and NFQ Asia shared opportunities at the ASEAN TechCrossroads Mixer hosted by TIB Tokyo Innovation Base, exploring cross-border tech collaboration between ASEAN and Japan.
• NSTDA – National Science and Technology Development Agency (Thailand)minorStrategic or Co-development Partner · 30 May 2024Co-hosted the Lancang-Mekong Young Leaders and Entrepreneurship Acceleration Camp with InnoLab Asia, bringing 35 leaders from Myanmar, Cambodia, Thailand, and Vietnam to explore China's innovation ecosystem including Zhongguancun Forum 2024.
• Beijing International Exchange Association (China)minorStrategic or Co-development Partner · 30 May 2024Co-hosted the Lancang-Mekong Entrepreneurship Acceleration Camp, facilitating visits to Beijing companies including DiDi, SuperMap, Alibaba, and participation in the Zhongguancun Forum 2024.
• Open Innovation Vietnam (Ministry of Science and Technology of Vietnam)coreStrategic or Co-development PartnerInnoLab Asia serves as the official implementation partner for the Open Innovation Vietnam initiative under the Ministry of Science and Technology, promoting stakeholders within the national open innovation ecosystem and implementing government-backed innovation programs.
• Ho Chi Minh City Department of Science and TechnologycoreStrategic or Co-development PartnerCo-organizer of the annual Vietnam Innovation Summit (VIS) series, with the Department providing governmental support and policy alignment for the innovation summit, which has become Vietnam's premier innovation platform.
• Doanh Nhân Sài Gòn Magazine (Saigon Businessman Magazine)coreStrategic or Co-development PartnerCo-organizer of Vietnam Innovation Summit 2025 alongside InnoLab Asia and the Ho Chi Minh City Department of Science and Technology. Serves as media and editorial partner for innovation content dissemination.
• US–ASEAN Business CouncilminorStrategic or Co-development PartnerExpressed support for Vietnam Innovation Summit 2025 as a platform to strengthen cross-border partnerships and investment linkages in the Asia-Pacific innovation ecosystem.
• Qianhai–Hong Kong Youth Innovation and Entrepreneur HubminorStrategic or Co-development PartnerSupporting VIS 2025 as a platform to strengthen cross-border partnerships and investment linkages between Asia-Pacific innovation ecosystems.

Scale indicators9 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• SOSV: Global accelerator operator and venture fund running multiple vertical programs (including HAX for hardware). Comparable as a broad incumbent in the startup acceleration and corporate innovation space with overlapping service offerings in Asia.
• Plug and Play Tech Center: Global innovation platform with active presence in Southeast Asia running corporate innovation, accelerator, and venture programs. Comparable as a larger, broader incumbent offering the same open innovation and startup-corporate matching model InnoLab Asia delivers at national scale.

Regional players

• Quest Ventures: Singapore-based venture fund and accelerator operating across Southeast Asia with corporate innovation and government-linked programs. Comparable as a regional player offering overlapping accelerator, advisory, and corporate innovation services in the same geographic footprint as InnoLab Asia.

Direct peers

• Spacecubed: Western Australia-based innovation hub and MoU partner of InnoLab Asia (signed 2024). Operates corporate innovation, startup programs, and a physical coworking community; comparable as a regional innovation hub operator enabling cross-border Australia-Asia corporate-startup engagement.
• TechShake: Philippines-based startup ecosystem builder and ATLAS Alliance co-founder. Runs startup programs, content, and community events for the Philippine innovation market; comparable in scope (ecosystem facilitation, programs, events) and positioning as a country-level innovation hub operator.
• Techsauce: Thailand-based media-and-events platform and ecosystem builder, co-founder of the ATLAS Alliance with InnoLab Asia. Operates the Techsauce Summit and deep tech programs covering Southeast Asia; directly comparable as a regional innovation hub operator with similar event-driven and advisory revenue model.
• Leave a Nest: Japan-based deep tech accelerator operating the TECH PLANTER program in Vietnam (now in its 8th year), signed an MOU with InnoLab Asia in 2025. Directly comparable as a deep tech acceleration and cross-border innovation platform operating across Asia.
• KUMPUL: Indonesia-based startup community and ecosystem builder, co-founder of the ATLAS Alliance. Comparable as an event-and-program-driven ecosystem operator in ASEAN's largest market, with similar target customers (startups, corporates, government).
• Padang & Co: Singapore-based innovation consultancy and ecosystem builder, listed as an InnoLab Asia partner. Operates corporate innovation, accelerator, and venture-building programs; comparable as a Southeast Asia-headquartered corporate innovation facilitator targeting similar corporate and government clients.

Emerging players

• e27 (Tabla): Singapore-headquartered startup ecosystem media and community platform connecting Southeast Asian founders, investors, and corporates. Comparable as a startup community and content platform with adjacent event and matching services; overlaps with InnoLab Asia's ecosystem facilitation role.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/InnoLab.Asia
• LinkedInlinkedin.com/company/innolab-asia

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about InnoLab Asia