Open Innovation
Accelerating the creation of new value
Capturing the Ever-Changing Needs of Society to Accelerate Innovation
Modern society is changing at an unbelievable pace due to a variety of factors.
To ensure that we can quickly discover the problems and needs that arise and offer solutions,
ANH TIN is promoting open innovation with partners including companies
in other industries, universities, and research institutes.
By combining the expertise and technologies
ANH TIN has cultivated over the years with cutting-edge technologies
from different fields and industries, chemical reactions can occur, and we can generate new value
in the form of products and businesses that anticipate future changes.
Through open innovation, we will proactively collaborate with partners outside the company and accelerate innovation
that can quickly respond to global changes.
Envisioning ANH TIN's Open Innovation
With the growing global population and the increasing severity of global warming, the issues the world faces are expected to become more diverse and more complex. Solving these globally expanding issues will require creation of new value unlike any before, and with faster speed than ever. To make this possible, ANH TIN is promoting open innovation, which will bolster collaboration with partners outside the company, from startup firms to universities and research institutions. There are many partners throughout the world with advanced technologies that will have a tremendous impact on society in the future. We will combine our expertise and technology with their leading technologies to pioneer the development of solutions and businesses that address issues that are likely to arise.
ANH TIN’s Vision for Open Innovation
From here onward, ANH TIN will proactively utilize the latest technologies, including ICT and AI, to create new value.
What is important for pursuing these goals is collaboration with partners outside the company, including startups, universities, and research institutes. Through open innovation, ANH TIN intends to accelerate smart technologies in crop production, along with realization of an agri-platform as a company responsible for connecting all partners across the chain.
Trial operations for an agricultural machinery sharing service
In recent years, cutting-edge technologies have made agricultural machinery more functional. At the same time, the purchase of such equipment has become a barrier for new farmers and those expanding their operations. With the conviction that solving this issue will help increase the number of farmers, ANH TIN has begun a trial for a machinery sharing service in some parts of Vietnam. In order to provide this sharing system that allows several farmers to share agricultural machinery, through this trial, we will identify and verify issues ranging from moving agricultural machinery to the maintenance services before and after use, and proceed with preparations for full-fledged service.
Working with an American start-up to build a platform for “farm management” to support fruit growers
The need for efficient farm management is especially rising among fruit, vegetable, grape, and nut growers. Focusing on innovation in these areas, ANH TIN is working with FarmX, Inc., a U.S.-based start-up that provides crop management services using cutting-edge technology, to build a farm management platform. This platform provides data, analysis, and predictions, and uses AI, machine learning and IoT sensors to centrally manage operations from procurement of materials and seeds to harvesting and pruning. The solution contributes to farmers' profitability by increasing yields while reducing labor costs, water, and electricity consumption. By leveraging FarmX’s technology and solutions, ANH TIN aims to support the farm management efficiency and profitability in the U.S.
Our Activities to Support Open Innovation
Pushing forward with open innovation requires bolstering our network of partners outside of our own company. ANH TIN is moving to be among the first in embracing cutting-edge technologies through participation in programs that further partnerships with startups in Europe and the U.S., as well as through our work with international agricultural organizations.
Participation in a U.S. accelerator program
To accelerate open innovation in the agricultural sector, it is vital for us to engage in partnerships with startups in the AgTech field. We therefore decided in 2019 to join the THRIVE Accelerator Program run by the American firm SVG Ventures. Through our participation in the program, which has wide and deep linkages with players in this field, we intend to further strengthen our coordination with numerous players, including start-ups, research institutes, and universities, and accelerate open Innovation.
