Busan City, Recruiting Participating Companies for the '2020 Smart City Challenge Project'

Open Call for Private Companies and Universities Participating in the Project Until the 21st

Busan City Hall Exterior View

[Asia Economy Yeongnam Reporting Headquarters, Reporter Yoon Yoseop] Busan City is recruiting companies to participate in the '2020 Smart City Challenge Contest' led by the Ministry of Land, Infrastructure and Transport until the 21st.

According to Busan City on the 5th, the Ministry of Land's Smart City Challenge project is a project that develops services to solve urban problems using ideas possessed by private sectors such as large and small-medium enterprises and startups, and applies them.

If selected in the contest, in the first phase, a preliminary project will be promoted to demonstrate the representative solution and plan the main project with 1.5 billion KRW of national funding. After performance evaluation, if selected for the second phase, the project scope will be expanded and 15 billion KRW of national funding will be provided over three years.

Busan City will form a consortium with the companies selected through this contest and challenge the Ministry of Land's Smart City Challenge project. The Ministry of Land plans to announce the selection results after document and presentation evaluations in April.

Through this project, Busan City expects to solve actual urban problems with private sector ideas, and companies will have the opportunity to create a sustainable public-private business model that spreads excellent services to other local governments and overseas.

The contest targets private companies and universities interested in the project, and applications can be submitted by visiting or mailing to the Smart City Promotion Division of Busan City by the 21st. For more details, refer to the Busan City website or contact the Smart City Promotion Division of Busan City.

This content was produced with the assistance of AI translation services.