Business Startup Support Center - (BSSC)

What Business Startup Support Center - (BSSC) does

Business Startup Support Center (BSSC), operating under the brand Startup and Innovation Hub of Ho Chi Minh City (SIHUB, Trung tâm Khởi nghiệp sáng tạo Thành phố Hồ Chí Minh), is a government state entity established in 2010 under the Ho Chi Minh City Department of Science and Technology. Headquartered at 123 Trương Định, Phường Xuân Hòa, Ho Chi Minh City, SIHUB functions as the official central hub connecting resources across Vietnam's startup and innovation ecosystem, both domestically and internationally.

SIHUB does not operate a commercial product or proprietary technology platform. Instead, it delivers an integrated suite of ecosystem services including communications, training, consulting, investment connection, incubation and acceleration programs, creative workspace facilities, mentor and advisory networks, policy and legal support, market connection services, and technology transfer and university cooperation programs. Its customer base comprises startup entrepreneurs (the primary segment, targeting AI, digital technology, and green innovation), incubators and accelerators, and technology enterprises seeking government-supported market access. The organization runs events such as InnoEx Business Innovation Forum (drawing 30,000+ attendees including 4,000 CEOs and founders in 2025) and Smart Green Living Week 2026.

SIHUB's business model is government-funded rather than revenue-generating: it is financed through public budget allocations under the Ho Chi Minh City People's Committee and provides services to support the startup community at no disclosed commercial pricing. The entity channels an outsized share of Vietnam's startup economy — approximately 50% of national startups, 40% of national incubation facilities, 44% of startup investment capital, and 60% of VC deal volume — and operates within special policy mechanisms under Resolution No. 98 and the 2025 Law on Science, Technology and Innovation. In April 2026, SIHUB hosted the launch of HCM VIF JSC, a separate public-private venture capital fund entity, and the organization is expanding internationally through partnerships with 14 South Korean universities and technoparks, as well as domestically through provincial S&T department partnerships in Vinh Long and Ninh Thuan.

Name

Business Startup Support Center - (BSSC)

Legal name

Trung tâm Khởi nghiệp sáng tạo Thành phố Hồ Chí Minh

Website

https://bssc.vn

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

SIHUB (Business Startup Support Center), founded 2010 in Ho Chi Minh City, is the official government-backed startup and innovation hub under the HCMC Department of Science and Technology, providing ecosystem services — incubation, training, investment connection, workspace, and mentorship — to founders, incubators, and tech enterprises across Vietnam's startup community.

Ownership category

akta.pro rank

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, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Government Funding: SIHUB operates as a government entity under the Ho Chi Minh City Department of Science and Technology, funded by public budget allocations. The organization provides services to support startups and innovation without a commercial revenue model.

Distribution channels3 records

Marketing channels4 records

Core offering

SIHUB operates as a government-backed startup and innovation hub providing integrated ecosystem services including Communications, Training, Consulting, and Investment Connection, complemented by Incubation & Acceleration Programs, Creative Workspace facilities, Mentor & Advisory Networks, Policy & Legal Support, Market Connection services, and Technology Transfer & University Cooperation programs for startup founders and innovation enterprises in Ho Chi Minh City.

Product overview

SIHUB (Trung tâm Khởi nghiệp sáng tạo Thành phố Hồ Chí Minh) operates as a comprehensive startup and innovation ecosystem support organization under the Ho Chi Minh City Department of Science and Technology. Rather than a single product, SIHUB provides an integrated platform of interconnected services including Communications, Training, Consulting, and Investment Connection, complemented by ecosystem support components such as Incubation & Acceleration Programs, Creative Workspace facilities, Mentor & Advisory Networks, Policy & Legal Support, Market Connection services, and Technology Transfer programs. The organization serves as the central hub connecting startup resources both domestically and internationally, offering physical infrastructure, professional services, and strategic networking to foster innovation across Vietnam's startup ecosystem.

Differentiator

Problem solved

Functional benefit

Products and services

• Communications Services

Quantifiable outcome

• Connected 50% of Vietnam's startups and 40% of national incubation facilities
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

20 partnerships are on record, tiered core and minor.

• Chungbuk TechnocoreStrategic or Co-development Partner · 1 January 2025International technology park partnership under IASP network, enabling cross-border knowledge sharing, technology transfer, and collaborative innovation initiatives between Vietnam and South Korea startup ecosystems.
• Sở Du Lịch TP.HCM (HCMC Department of Tourism)coreStrategic or Co-development Partner · 1 January 2025Government partnership for tourism innovation and smart city development, supporting tourism-related startup development and market access.
• DEAJEON TECHNOPARKcoreStrategic or Co-development Partner · 1 January 2025International technology partnership facilitating collaboration in technology transfer, R&D, and innovation support between Vietnamese and Korean startup ecosystems.
• NATEC (National Center for Technology Advancement and Innovation)coreStrategic or Co-development Partner · 1 January 2025National technology innovation partnership supporting technology transfer, national innovation programs, and startup ecosystem development aligned with government policy.
• IPO SIHUBminorStrategic or Co-development Partner · 1 January 2025Innovation and intellectual property commercialization support partnership, helping startups navigate IP protection and commercialization processes.
• Sở KH&CN Vĩnh LongminorStrategic or Co-development Partner · 1 January 2025Regional government partnership connecting Vinh Long province startups and innovation resources with HCMC ecosystem through provincial science and technology department.
• Sở KH&CN Ninh ThuậnminorStrategic or Co-development Partner · 1 January 2025Regional government partnership connecting Ninh Thuan province startups with HCMC innovation ecosystem through provincial science and technology department.
• Chonnam National UniversitycoreStrategic or Co-development Partner · 1 January 2025Academic partnership with South Korean university for technology transfer, research collaboration, talent exchange, and joint innovation programs between Vietnam and Korea.
• Chungbuk National UniversitycoreStrategic or Co-development Partner · 1 January 2025Academic partnership for joint research, technology transfer, and talent development supporting cross-border startup collaboration.
• Gyeongsang National UniversitycoreStrategic or Co-development Partner · 1 January 2025Academic collaboration for research partnerships, student exchanges, and joint innovation initiatives in the startup ecosystem.
• Jeonbuk National UniversitycoreStrategic or Co-development Partner · 1 January 2025Academic partnership facilitating technology transfer and collaborative research programs between Korean and Vietnamese institutions.
• Jeonji UniversitycoreStrategic or Co-development Partner · 1 January 2025University collaboration for joint innovation programs, academic exchanges, and technology commercialization support.
• Kangwon National UniversitycoreStrategic or Co-development Partner · 1 January 2025Academic partnership supporting research collaboration, technology transfer, and talent development for startup ecosystem growth.
• Kunsan National UniversitycoreStrategic or Co-development Partner · 1 January 2025University partnership for collaborative research projects, academic exchanges, and joint innovation programs.
• Kyungpook National UniversitycoreStrategic or Co-development Partner · 1 January 2025Academic collaboration for technology development, joint research initiatives, and cross-border innovation ecosystem support.
• Pusan National UniversitycoreStrategic or Co-development Partner · 1 January 2025University partnership facilitating research collaboration, technology commercialization, and talent exchange programs.
• Sungkyunkwan University (SKKU)coreStrategic or Co-development Partner · 1 January 2025Prestigious Korean university partnership for advanced research collaboration, innovation program development, and technology transfer.
• Sunchon National UniversitycoreStrategic or Co-development Partner · 1 January 2025Academic partnership for joint innovation programs, research collaboration, and talent development initiatives.
• Wonkwang UniversitycoreStrategic or Co-development Partner · 1 January 2025University collaboration supporting research partnerships, academic exchanges, and innovation ecosystem development.
• Wonkwang Health Science UniversitycoreStrategic or Co-development Partner · 1 January 2025Specialized health science academic partnership for research collaboration and health technology innovation.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Block71 (NUS Enterprise): Singapore's flagship startup hub operated by the National University of Singapore, providing co-working space, incubation, and global market access programs. Comparable to SIHUB as an institutional/government-aligned incubator ecosystem that channels international founder flow into a regional Asian market.
• Cyberport Hong Kong: Hong Kong's government-backed digital technology hub managed by the Hong Kong Cyberport Management Company Limited. Directly comparable to SIHUB as a publicly-funded startup campus that hosts incubators, accelerators, and venture partners, offering workspace, mentorship, and investment connection services to tech startups.
• MaRS Discovery District: Toronto-based innovation hub offering incubation, acceleration, and corporate venture connection services to technology startups. Comparable to SIHUB as a large-scale, mission-driven ecosystem operator that combines workspace, mentorship, and capital introduction services.
• Station F: World's largest startup campus located in Paris, offering workspace, accelerator programs, and investor access. Comparable to SIHUB as a publicly-promoted startup campus connecting entrepreneurs with corporates, investors, and accelerator operators under a single hub infrastructure.
• Enterprise Singapore: Singapore government agency under the Ministry of Trade and Industry that grows enterprise capabilities and supports startup development. Comparable to SIHUB as a government-backed national entity administering startup development programs, including capital matching and ecosystem orchestration.
• MassChallenge: Non-profit global accelerator operating programs in multiple geographies. Comparable to SIHUB's non-equity, mission-driven incubation model that supports early-stage founders through programming and ecosystem access rather than commercial revenue capture.

Broad incumbents

• Techstars: Global accelerator network operating programs in multiple countries. Comparable to SIHUB's accelerator function as a direct competitor for high-quality startup deal flow in the same Southeast Asia / Asia-Pacific region, with deeper capital backing and structured equity-based mentorship.
• Plug and Play Tech Center: Global startup accelerator and venture platform operating in over 50 locations worldwide. Comparable to SIHUB's ecosystem orchestrator role, connecting startups with corporate partners and investors, with a much larger international footprint.
• Antler: Global early-stage venture capital firm and startup generator active across Southeast Asia including Vietnam. Comparable as a direct competitor sourcing founders and providing capital and mentorship at the earliest stages of venture creation in the same regional market.
• Y Combinator: Premier global startup accelerator based in Silicon Valley. Comparable to SIHUB's mission of standardizing startup support services (workspace, mentorship, investor introduction), though operating at much larger scale and through an equity-based model versus SIHUB's government-funded approach.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/bssc.vn
• LinkedInlinkedin.com/company/bssc-vietnam

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 Business Startup Support Center - (BSSC)