Spin-Off from University: Opportunities and Challenges to Participate in the Pharmaceutical Industry Development Strategy in Vietnam

Abstract

Many studies present solutions to promote spin-off development from universities along with the dynamism of industries in the 4th industrial revolution. Identifying spin-off characteristics from universities that support the development strategy of specific sectors has not been widely considered and researched. This study focuses on the characteristics of spin-offs from universities that support Vietnam's pharmaceutical industry development strategy. The study examines and analyzes the following contents: spin-offs from universities in the innovation ecosystem; participation in supporting human resource development, and the pharmaceutical industry's development. This study combines some of the most important theoretical and conceptual references, systematized from reviewing and referencing documents on spin-offs from universities through a qualitative process of methodological aspects in the form of documents. Key results provide a spin-off model with stakeholders connecting the pharmaceutical supply chain. The study's findings and interpretation are linked to the development strategy of the Vietnamese pharmaceutical industry landscape, calling for the adoption of a more complete perspective on spin-off from university participation in the pharmaceutical industry.