GIST Selected for Ministry of SMEs and Startups Global Corporate Collaboration Program

[Asia Economy Honam Reporting Headquarters Reporter Lee Gwan-woo] Gwangju Institute of Science and Technology (GIST) announced on the 8th that it has been selected for the Ministry of SMEs and Startups' global corporate collaboration program this year.

GIST will collaborate with global companies Dassault Syst?mes, Siemens, and Ansys to discover startup companies and support their entry into the global market in the fields of advanced manufacturing and automation, health, and diagnostics.

A total project budget of approximately 8.27 billion KRW has been allocated to support 60 outstanding startups related to advanced manufacturing and automation, health, and diagnostics, and to assist their growth through domestic and international investment attraction.

To efficiently carry out the project, GIST has established a dedicated organization to form investment teams, secure investment funds, and support technology transfer and education using on-campus infrastructure, as well as global accelerating.

Global partners will assist with education, product advancement, consulting, and investment attraction.

GIST plans to provide up to 300 million KRW (an average of 120 million KRW) in commercialization funds to startups within seven years of establishment that wish to enter the global market, and actively offer services necessary for startup growth such as education, consulting, and networking.

Ki Sung-geun, head of the GIST Enterprise Support Center, said, “Through the global corporate collaboration program, the Enterprise Support Center will actively discover companies wishing to enter the global market and provide systematic support so that startups can grow to the next level through accelerating, investment attraction, and overseas market entry support.”

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