Dongmyung University Selected for the 'University Innovation Research Complex (I-URP) Development Project'

Utilizing Idle Infrastructure on Campus, Establishing Industry-Academia Cooperation Platform
Leading Urban Innovation for Corporate Revitalization "Total 5 Billion KRW over 5 Years"

President Jeong Hongseop of Dongmyeong University is conducting a drone flight test with students.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] Dongmyung University has been selected as a target for the University Innovation Research Complex Development Project and will promote a project leading regional companies and urban innovation.

On the 29th, Dongmyung University announced that it had been selected for the University Innovation Research Complex (I-URP) development project by Busan City and the Busan Institute of Science and Technology Promotion (BISTEP).

A total project cost of 5 billion KRW (2.5 billion KRW from the city, 2.5 billion KRW matching funds) will be invested over five years starting in July.

This project aims to improve the structure of regional companies and lead urban innovation by building an industry-academia cooperation platform utilizing idle infrastructure within universities in the Busan area.

Through this project, the university plans to establish an innovation ecosystem for future transportation equipment and intelligent machinery industries, which are among Busan City's seven strategic industries, to lead new markets.

By combining IT, software, and services to improve the small and medium manufacturing ecosystem, the project aims to create high added value for companies and strengthen global competitiveness, while supporting companies in these fields to lead future technologies by establishing the I3 Factory innovation ecosystem.

The Dongmyung University Industry-Academia Cooperation Foundation plans to utilize marine plant simulation equipment and manufacturing robot VR convergence technology equipment, which were established through large government-supported projects within the university, and use a total area of 3,379.3㎡ as a complex space for project implementation.

Kim Ki-joo, head of the Dongmyung University I-URP Project Group, said, “Through this project, by utilizing shared equipment and dedicated spaces, we will contribute to creating high added value for participating companies through joint R&D activities, technology transfer, and commercialization, as well as contribute to job creation in the region.”

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