Hanguk Goseo ENG Wins Grand Prize at the 2020 Marine Fisheries Startup Contest

‘Positive Reviews for Development Item: Oyster Shell Waste Treatment and Electricity Generation System’

Gyeongnam Creative Economy Innovation Center-incubated company, Korea Goseo ENG Co., Ltd., won the Grand Prize at the '2020 Marine Fisheries Startup Contest' on the 10th. The person on the right is Changbae Lee, CEO of Korea Goseo ENG Co., Ltd. (Photo by Gyeongnam Creative Economy Innovation Center)

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Choi Hyun-joo] On the 10th, it was announced that Korea Goseo ENG Co., Ltd., an incubated company of the Gyeongnam Creative Economy Innovation Center, won the grand prize in the commercialization category of the '2020 Marine and Fisheries Startup Contest' hosted by the Ministry of Oceans and Fisheries.

Korea Goseo ENG Co., Ltd. was selected for the 2020 Preliminary Startup Package project and developed a system that produces eco-friendly electricity through an oyster shell calcium lupin process and manufactures calcium-based natural fertilizer by utilizing residual calcium carbonate.

By winning the grand prize, the company will receive various benefits including a prize money of 5 million KRW, startup consulting support, preferential loan guarantee products from the Credit Guarantee Fund for Agriculture, Forestry and Fisheries, and investment linkage with marine and fisheries funds.

Center Director Lee Dong-hyung stated, “It is a great opportunity when early-stage startups participating in the center’s programs win government contests and connect to more concrete follow-up programs,” and added, “The center will serve as a hub to enable incubated companies to continuously introduce high-performance equipment by linking with various government projects.”

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