Climate Innovation Centre The Vietnam Climate Innovation Centre (VCIC) is a business incubation centre which will boost the competitiveness of Vietnam’s private sector to develop and take to market innovative products which use climate-smart technology. It will build the capacity of small and medium sized enterprises to produce innovative technologies that respond to the challenges and opportunities of climate change. The VCIC will prioritise businesses that are scalable, sustainable and have high potential to create jobs in green economic sectors such as energy efficiency, waste management, transport, food and water security, early warning and disaster prevention, renewable energy and biofuels. The expected outcomes of Australia’s investment include: providing seed capital and technical support to up to 130 Vietnamese climate smart entrepreneurs up and running ; creation of about 1,000 direct jobs; greater access to renewable or more efficient sources of energy; increased agricultural efficiency; access to wat