Incheon TP to Establish Comprehensive Plan for Bio-Cluster Advancement

Linked to City Bio New Deal Plan... Goals and Promotion Measures to Be Presented by Year-End

Perspective view of the 'Bio Convergence Industrial Technology Complex' to be developed by 2024 in District 11, Songdo International City, Incheon [Provided by Incheon City]

[Asia Economy Reporter Park Hyesook] Incheon Technopark (Incheon TP) is drawing up a blueprint to establish Incheon as the central city of the domestic biohealth industry.

On the 18th, Incheon TP announced that it will promote the "Incheon Bio Cluster Advancement Comprehensive Plan Establishment Research Project" to create a win-win ecosystem for large and small-medium enterprises across Incheon by linking the Incheon biohealth industry centered on Songdo International City and large corporations with the Namdong Industrial Complex.

To this end, it plans to select a research agency by next month and prepare a comprehensive plan framework to achieve the advancement of the Incheon bio cluster by the end of the year.

The comprehensive plan will include mid- to long-term goals and detailed promotion directions for Incheon’s bio industry based on analysis of domestic and international environments and the current status of Incheon’s bio industry, advancement of the Incheon bio cluster, establishment of an advanced medical complex, and promotion of Incheon city’s bio cluster development projects.

Based on this, Incheon TP plans to present strategies for advancing and revitalizing the Incheon regional bioindustry cluster by setting short- and mid- to long-term goals, as well as a roadmap for fostering Incheon’s advanced bioindustry and revitalizing the local economy.

Additionally, it will prepare differentiated business models, plans for establishing an advanced medical complex, and promotion plans for Incheon city’s bio cluster development projects linked with the Incheon Bio New Deal plan.

An Incheon TP official stated, "This project is linked with the Incheon Bio New Deal promotion plan and aims to elevate the competitiveness of Incheon’s bioindustry to a global level," adding, "We will thoroughly prepare to strengthen the competitiveness of the bioindustry, which is a key strategic project for Incheon."

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