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FY24 EB ITSI Programs Vietnam – Statements of Interest

Up to $5,000,000
Type
GRANTS AND FUNDING
Application Difficulty
EASY
Application DeadlineSeptember 15, 2024
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

You're looking at a unique opportunity to secure funding that could elevate your business in the semiconductor industry. This program is designed to enhance your workforce and improve the regulatory landscape for semiconductor assembly, testing, and packaging. By participating, you could help shape a more diverse supply chain while also strengthening your operations.

While the exact funding amounts are not specified, the goal is to support businesses like yours with necessary resources for growth. This could translate into increased job opportunities and a stronger workforce. Furthermore, with no revenue or employee limits, this program is accessible to many organizations, which means you can compete for funding that aligns with your business needs.

Taking the first step is simple: submit a brief statement of interest, and if selected, you'll be invited to develop a full proposal. It's an easy entry into a program that could have a significant impact on your business's future. This is your chance to not only secure funding but also play a pivotal role in advancing the semiconductor industry in Vietnam.

Financing Details

Type of Financing
This program offers grants to eligible businesses. Grants do not require repayment, which is a significant advantage for your business compared to loans or other forms of financing.

Repayment Terms and Interest Rates
Since the funding comes in the form of a grant, there are no repayment terms or interest rates to worry about. This means you can use the funds without the burden of future financial obligations.

Eligible Expenses
Funds can be used for:

  • Workforce development activities
  • Initiatives to enhance policy and regulatory frameworks

Uses of Funds
It is important to note that funds cannot be used for general operating expenses or any unrelated business activities.

Fees
There are no application fees or processing fees associated with this program. The focus is solely on supporting your business's growth without hidden costs.

Qualifications

  • Location: The business must operate in Vietnam.
  • Sectors: The business should align with either Workforce Development or Policy and Regulatory Reform.
  • Employees: There are no minimum or maximum employee requirements.
  • Revenue: There are no minimum or maximum revenue qualifications.
  • Legal Structure: All legal structures are applicable.
  • Profit Structure: All profit structures are applicable.

Disqualifications: None specified in the context.

Description

You have a chance to access funding designed to help expand international semiconductor capacity in Vietnam. This opportunity focuses on enhancing your business's workforce and improving the regulatory environment around semiconductor assembly, testing, and packaging.

While the specific amount of funding isn't set, the intention is to support organizations like yours in developing the necessary workforce and fostering a better operational landscape. This can ultimately lead to growth, more job opportunities, and a robust supply chain for the semiconductor industry.

There are no strict revenue limits or employee requirements, making it accessible for a wide range of businesses. If selected, you'll submit a detailed proposal, but first, you submit a simple statement of interest to get started. This program is a valuable chance for you to grow your business and play a crucial role in diversifying the global semiconductor supply chain.

Program Steps

  1. Prepare a Statement of Interest
    Write a brief statement expressing your interest in the program. Highlight how your business aligns with the goals of enhancing workforce and regulatory improvements in the semiconductor industry.

  2. Gather Required Documentation
    Collect the documents needed for your application. You will likely need:

    • Business registration and legal structure documents
    • Financial statements (recent balance sheet and income statement)
    • Workforce development plans
    • Any past project proposals related to semiconductor capacity or similar initiatives
    • Details of your operational capabilities and facilities
  3. Submit Your Statement of Interest
    Send your prepared statement along with the required documentation through the designated program submission portal or email.

  4. Await Invitation to Submit a Full Proposal
    After the review process, if selected, you will receive an invitation to develop a comprehensive proposal.

  5. Develop a Full Proposal
    Elaborate on your project plan, detailing how you will enhance your workforce and regulatory environment for semiconductor assembly, testing, and packaging.

  6. Submit Your Full Proposal
    Follow the submission guidelines carefully and send your detailed proposal before the specified deadline. Make sure to review it thoroughly for completeness and accuracy.

  7. Prepare for Follow-Up
    Be ready for any follow-up questions or clarifications from the program administrators regarding your proposal. Stay engaged throughout the review process.

Visit Program Website