From Bean Sprouts to Billions: The Inspiring Journey of Dr. Do Ngoc Chung and the Role of Intellectual Property Protection in Startup Success

Dr. Do Ngoc Chung, founder of Comprehensive Energy Solutions Company Limited, shared his experience in developing clean bean sprout production equipment at a conference organized by the Institute of Intellectual Property Science. He emphasized the importance of applying scientific results to the market to create value and profit.

Dr. Chung started his journey in 2013 with the idea of creating a device for producing clean bean sprouts without chemicals. His fully automatic device designed to promote airflow and temperature regulation resulted in cleaner and tastier bean sprouts, which resonated with consumers. Despite initial challenges in securing capital, he persevered by founding a company focused on producing bean sprout making equipment. Through innovation and technology, he expanded his product line to include kimchi sprouts, green bean hull tea, and kombucha, all derived from clean bean sprouts. His commitment to research and product development ultimately led to substantial profits.

At the conference, experts and scientists emphasized the role of intellectual property in startup activities. The Institute of Intellectual Property Science aims to connect IP rights holders with incubators, startup support centers, and businesses to maximize the commercial potential of intellectual property. By leveraging IPPlatform, entrepreneurs can effectively integrate intellectual property into their business activities and drive innovation.

Dr. Chung highlighted the importance of protecting intellectual property, as he encountered counterfeit products soon after launching his device. He advised early registration of intellectual property and market analysis to facilitate product testing and commercialization. By connecting with implementing units and flexible marketing strategies, he successfully brought his products to market.

Overall, Dr. Chung’s success story underscores the importance of innovation, technology, and intellectual property protection in creating valuable products and sustainable profits in the market. Through collaboration and strategic planning, entrepreneurs can harness the power of intellectual property to fuel their startup ventures and contribute to economic growth.

In conclusion, starting at 300 VND per kilogram of green beans produced using clean bean sprout production equipment is a remarkable achievement that has generated revenue in billions for Vietnam’s economy through innovation