"Innovative New Products First Purchased by Public Institutions..." Nationwide First Innovation Procurement Companies Association Launched in Busan

On November 19 at 1:20 PM, at the 1st floor main conference room of Busan City Hall,
19 innovative new product companies and 19 prospective innovative procurement companies participated

Busan City Hall.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] The Public Procurement Enterprise Association will be launched in Busan for the first time nationwide.

Busan City (Acting Mayor Byun Seong-wan) will hold the inauguration ceremony of the ‘Busan Innovation Procurement Enterprise Association’ at 1:20 PM on November 19th in the large conference room on the first floor of City Hall, in collaboration with the Busan Regional Public Procurement Service. An excellent case presentation of innovation procurement and an innovation procurement business briefing will also be held simultaneously.

‘Innovation procurement’ is a policy where the public sector proactively purchases new products to support technological innovation and innovative growth, and to improve the quality of public services.

Through the innovative prototype purchase system, the public sector becomes an early adopter, using innovative products before commercialization and supporting commercialization based on testing results.

This event was prepared to revitalize innovation procurement projects in Busan and will proceed with ▲the inauguration ceremony of the Busan Innovation Procurement Enterprise Association, ▲introduction of innovation procurement projects, ▲presentation of excellent cases by innovation procurement enterprises, and ▲Q&A sessions.

The ‘Busan Innovation Procurement Enterprise Association’ was formed by combining the efforts of 21 innovation procurement companies and 20 prospective companies in the Busan area to activate innovation procurement projects.

The association supports the establishment of an innovation product testbed in cooperation with Busan City when carrying out the Public Procurement Service’s pilot purchase project for innovative products, and supports market development for innovative companies through networking with related organizations. It also strengthens corporate competitiveness through technology and information exchange among excellent local companies.

Among the 21 innovation procurement companies, 19 will attend the event. Additionally, 19 representative local technology companies, recommended by Busan Technopark as prospective innovation procurement companies, will also attend to learn the secrets of being selected as innovation procurement companies through Q&A sessions.

Busan City expects that prospective innovation companies will be able to easily access innovation procurement projects through business explanations and sharing of excellent cases by existing innovation procurement companies.

Byun Seong-wan, Acting Mayor of Busan, said, “This meeting will be an opportunity for innovation procurement companies and prospective certified companies to share information and convey difficulties and suggestions regarding innovation technology development to Busan City,” adding, “We will strive to ensure that more Busan companies benefit from innovation procurement projects through the revitalization of innovation projects.”

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