Gwangju Chamber of Commerce and Industry Promotes Innovative Growth Support Project Responding to the 4th Industrial Revolution

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] The Gwangju Chamber of Commerce and Industry (Chairman Jeong Chang-seon) announced on the 14th that it will actively promote the ‘2020 4th Industrial Revolution Response Innovation Growth Support Project’ to systematically support local companies and industries struggling to respond to the rapidly changing industrial paradigm.

Now in its second year, the ‘4th Industrial Revolution Response Innovation Growth Support Project’ is part of the Gwangju Regional Innovation Project supported by Gwangju Metropolitan City and the Ministry of Employment and Labor. It was planned to raise awareness of the 4th Industrial Revolution among local companies and strengthen the competitiveness of local companies and industries through customized support.

Since March, the project has been identifying the current status and difficulties of local companies in responding to the 4th Industrial Revolution. To provide practical support, it has been conducting a written pre-consulting survey, holding in-depth small-group meetings between businesspeople and new technology experts, and is now recruiting participating companies for the local ‘New Technology Convergence Mentoring Seminar’ and ‘New Business Introduction Intensive Consulting’ starting today.

For the ‘New Technology Convergence Mentoring Seminar,’ after monitoring the COVID-19 situation, participants will visit 4th Industrial Revolution response sites such as Pangyo Techno Valley and conduct in-depth mentoring with experts in new technology fields (AI (Artificial Intelligence), IoT (Internet of Things), AR·VR (Augmented and Virtual Reality), Big Data, Smart Factory, etc.). This will check each company’s competitiveness and response status, supporting the discovery of 4th Industrial Revolution responses and new technology convergence fields. The target participants are local company representatives and executives, and applications will be accepted on a first-come, first-served basis.

Additionally, the ‘New Business Introduction Intensive Consulting’ will provide free consulting (6 sessions) by dispatching a pool of consultants centered on metropolitan area new technology experts to 8 local companies wishing to advance new technology convergence, technology/product/production process sophistication, new product development, and new business roadmap preparation.

Meanwhile, last year’s New Business Introduction Intensive Consulting helped resolve difficulties faced by companies in introducing new technologies, developing new products, and advancing product and production processes, contributing to creating new growth engines for companies. In particular, a local healthcare specialized company developed and launched the nation’s first fall prevention solution fused with artificial intelligence (AI) technology in response to increasing social demand, and achieved results such as filing patents for the entire fall prevention process.

Furthermore, the Gwangju Chamber of Commerce and Industry is actively exchanging information and cooperating closely regarding the 4th Industrial Revolution response to resolve difficulties faced by local companies and maximize synergy effects in corporate support. It has formed and operates the ‘Gwangju Regional 4th Industrial Revolution Response Community,’ which includes local companies, academia, local governments, and corporate support organizations, and is carrying out various support activities to strengthen regional-level responses and capabilities in the era of the 4th Industrial Revolution.

Jeon Eun-young, Head of the Cooperation Project Division at the Gwangju Chamber of Commerce and Industry, said, “Many local companies recognize the necessity of responding to the 4th Industrial Revolution but often feel overwhelmed about where and how to start. We hope this support will help many companies properly understand the 4th Industrial Revolution and serve as an opportunity to build a practical foundation for future growth.”

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