Daejeon City Opens 'Daejeon Startup Hub' at Former Chungnam Provincial Office Building

Daejeon Startup Hub is newly opening in the former Chungnam Provincial Government Office Annex Building. This place will provide support for discovering and nurturing startups, market entry, and attracting investments. Photo by Daejeon City

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City announced on the 4th that it will renovate the old Chungnam Provincial Government Office Annex Building into the 'Daejeon Startup Hub' and operate it.

The Daejeon Startup Hub, covering an area of 6,104㎡, is a technology-based startup support platform that comprehensively supports everything from discovering and nurturing startups to prototype production and investment.

The facility includes spaces where ideas can be directly implemented and produced (1st and 2nd floors), a collaboration space for sharing and exchanging ideas (3rd floor), 15 corporate research rooms, and offices for operating organizations (4th floor).

The Daejeon Startup Hub was established as part of the social venture specialized street project promised during the 7th local government term, with a total project cost of 9.7 billion KRW, including 3 billion KRW in national funds and 6.7 billion KRW in city funds, and is scheduled to hold an official opening ceremony next month.

After opening, the Daejeon Startup Hub will be operated by the Daejeon Center for Creative Economy and Innovation, collaborating with private investment institutions, the Korea Technology Finance Corporation, the Korea Water Resources Corporation, and the SK Social Value Research Institute to discover and nurture startups and support market entry and investment attraction.

Heo Tae-jeong, Mayor of Daejeon, said, “We will expand and develop the area around Jungang-ro, including Daeheung-dong and Seonhwa-dong, into a specialized incubation district for startups such as social ventures centered on the Daejeon Startup Hub,” adding, “This will also contribute to revitalizing the local economy of the old downtown area and urban regeneration.”

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