Jeonju Innovation Startup Hub Begins Hosting 45 New Growth Industry Companies

Promotion of Advanced Root Industry and Development of Digital and Green New Deal Projects

Photo by Jeonju City Provided

[Asia Economy Honam Reporting Headquarters Reporter Kim Tae-in] The move-in of promising companies based on new growth industries into the rental-type knowledge industry center, which will lead the economy of Jeonju, Jeonbuk, and serve as a solid activity base for small and startup companies, is set to begin in earnest.

On the 31st, Jeonju City announced that a total of 45 companies will move into the "Jeonju Innovation Startup Hub" located in Palbok-dong, Jeonju Advanced Venture Complex, starting from the 1st of next month.

The Jeonju Innovation Startup Hub is a base space that leases small office and factory spaces to small and startup companies to nurture them into globally competitive SMEs, and it was completed after about two years of construction.

Companies moving into the Jeonju Innovation Startup Hub include those in ▲root industries ▲mechatronics and ICT convergence ▲drones and PAV (Personal Air Vehicles) ▲smart factories and smart farms ▲intelligent machine parts ▲digital and green new deal sectors.

The occupancy rate relative to the space is about 87.5%, which is significantly higher than other regional knowledge industry centers that show about 50% occupancy at the time of move-in.

Additionally, the remaining space is reserved by Jeonju City to attract excellent companies in line with the strategic industrial development direction, and additional recruitment is planned after stabilizing operations this year.

The operation of the Jeonju Innovation Startup Hub will be entrusted to the Camtic Comprehensive Technology Institute, which plans to pursue a two-track strategy to advance the root industry, the foundation of manufacturing quality competitiveness, and foster advanced industries that align with the digital and green new deal.

After about a month of companies moving in, the city plans to hold an opening ceremony in October. After the opening, the plan is to create a corporate innovation ecosystem by supporting various networking activities and corporate growth programs, making it a growth base for companies to develop into strong small and medium enterprises beyond a simple rental-type move-in space.

In this regard, the Jeonju Innovation Startup Hub was built with a total project cost of 26.8 billion KRW, including 13.5 billion KRW in national funds, on a site with a total floor area of 12,200㎡, consisting of one basement floor and six above-ground floors. It is equipped with corporate move-in spaces, meeting rooms, training rooms, and support spaces such as worker convenience facilities.

Kim Byung-su, Director of the New Growth Economy Bureau, said, "By establishing a step-by-step support system from startup to growth, we will create a corporate ecosystem where innovation and dynamism spread," and added, "We will do our best in operation to strengthen the competitiveness of local industries and lead to regional economic revitalization through job creation."

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