The People’s Committee of central Da Nang city has approved the investment policy for an innovation space in Son Tra district with an estimated investment capital of nearly VND490 billion ($18.7 million).

The project highlights the construction of a 15-story building with two underground levels and one technical floor. It will be equipped with modern infrastructure systems such smart parking, smart IT infrastructure, and a centralized data center.

The Da Nang Innovation Space is envisioned as a key scientific and technological infrastructure asset, providing co-working spaces, incubation facilities, shared technical equipment and digital infrastructure to support innovative startups and projects.

 The initiative aims to foster a robust innovation and startup ecosystem in Da Nang, developing the city as a regional innovation center and an attractive destination for entrepreneurial talent and future tech conglomerates.

The project implementation is scheduled for 2025-2028.