Jungnang Startup Support Center Takes Big Steps as the 'Northeast Innovation Startup Hub'

On the afternoon of the 7th, Jungnang-gu and SH Corporation signed a mutual cooperation MOU for the construction of the 'Jungnang Startup Support Center' at the district office planning situation room... Following its selection in July by the Ministry of Land, Infrastructure and Transport for the '2020 Job-Linked Support Housing' project, the 'Jungnang Startup Support Center' officially begins with the agreement with SH Corporation.

Ryu Kyung-gi, Mayor of Jungnang-gu (left in the photo), and Kim Se-yong, President of Seoul Housing and Communities Corporation, signed a business agreement on the establishment of the 'Jungnang Startup Support Center' on the 7th.

[Asia Economy Reporter Jongil Park] Jungnang-gu (Mayor Ryu Kyung-gi) has taken a significant step toward becoming the center of innovative startups in the northeastern region.

On the 7th at 4 p.m., Jungnang-gu Office held a basic business agreement (MOU) signing ceremony in the Planning Situation Room with eight attendees, including Mayor Ryu Kyung-gi of Jungnang-gu and Kim Se-yong, President of Seoul Housing & Communities Corporation (SH), to jointly promote the 'Jungnang Startup Support Center' project.

The main contents of the agreement between the district and SH include administrative and financial support and information sharing for project implementation, consultation on implementation plans, cooperation on all tasks related to securing budgets for public facilities such as startup support facilities, and mutual cooperation to establish measures to prevent and resolve complaints in the surrounding areas.

This MOU follows the joint application by Jungnang-gu and SH in May, and the final selection in July of the planned site for the Jungnang Startup Support Center (195-1 Sinnae-dong) as a job-linked support housing project by the Ministry of Land, Infrastructure and Transport. Through this agreement, the two organizations have moved closer to the successful promotion of the project.

Mayor Ryu Kyung-gi of Jungnang-gu stated, “The Jungnang Startup Support Center project is extremely important for strengthening the industrial competitiveness of Jungnang-gu and developing the local economy. We will devote all our capabilities to ensure that the Jungnang Startup Support Center becomes the center of innovative startups in northeastern Seoul.”

Scheduled to begin construction in 2022 and complete in 2025, the 'Jungnang Startup Support Center' is a joint project by Jungnang-gu and SH, where Jungnang-gu provides the site and covers the construction costs of the startup support center, and SH undertakes project implementation and provides housing construction costs.

With a total floor area of 18,115㎡ and a scale of three basement floors to eleven above-ground floors, the startup complex facility plans to offer infrastructure optimized for startups, centered on the startup support platform’s startup support center and 114 startup support housing units.

Bird's-eye View of the 'Jungnang Startup Support Center' Complex Project

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