Port and Logistics Sector: "Any Fresh Ideas?"

Four National Port Authorities Hold 'Hackathon' to Discover Startup Ideas

Busan Port Authority.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] Busan Port Authority (BPA) and four port authorities nationwide, including Incheon, Yeosu Gwangyang, and Ulsan, are conducting a program to support startups in the port logistics sector.

On the 15th, BPA announced that it will hold a "hackathon" for high school graduates, university students, and the general public until the 18th of next month to discover startup ideas related to shipping, ports, logistics, and marine New Deal sectors.

A hackathon is a program combining hacking and marathon, where participants form teams as planners, developers, and designers within a set period to generate ideas and complete a business model.

This competition's presentations and awards will be conducted online to prevent the spread of COVID-19.

The preliminary round passing teams will be announced on the 25th of next month, and the finals and awards ceremony will be held online on October 21. Excellent ideas feasible for startups in ports will receive startup support from the port authorities.

Prizes total 11 million KRW, including 5 million KRW for the grand prize and 3 million KRW for the gold prize. In addition to the prize money, teams advancing to the finals will receive up to 500,000 KRW in activity expenses.

BPA President Nam Ki-chan said, "Through this hackathon, we hope many young people will take an interest in the port logistics sector and come up with creative ideas that lead to startups in this field."

Applications can be submitted by downloading the application form from the BPA website or the OnOffMix website.

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