Gyeongnam Changwon Defense Industry Innovation Cluster Shines with 'Rainbow Achievements'

On the 25th, the Changwon Defense Parts and Equipment Expo 'Defense Innovation Cluster Performance Report Meeting' Successfully Held

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] On the 25th, a performance report meeting for the Defense Industry Innovation Cluster project was held at the Changwon Convention Center in Changwon, Gyeongnam.

The Defense Industry Innovation Cluster project was selected in April last year through a public contest by the Defense Acquisition Program Administration (DAPA) for the Changwon area in Gyeongnam.

A total budget of 49 billion KRW, including local government matching funds, is expected to be invested over five years starting last year.

Up to this year, 40% of the budget has been linked to regionally specialized industries, showing various achievements.

The holding of this performance report meeting was divided into three stages: 'Diverse and Open New Defense Support,' 'Company-Centered Project Achievements,' and 'Vision for Expanding Growth of SMEs and Ventures,' presented through seven themes (7UP).

First, 'Diverse and Open New Defense Support' introduced projects such as discovering regional specialized demands for win-win cooperation among large, medium, and small enterprises, company-centered R&D, integrated test support, startups, and operation of a comprehensive defense industry call support center.

'Company-Centered Project Achievements' announced the results of the agglomeration of support platforms for local defense companies, testing, startups, and exports, as well as the expected sales of 840 billion KRW from 75 cases of 57 companies supported up to this year.

Lastly, the 'Bangcle-UP' under 'Vision for Expanding Growth of SMEs and Ventures' plans to continue the growth momentum of defense small and venture companies centered on the Defense Industry Promotion Center even after the Defense Industry Innovation Cluster project ends.

Mayor Heo Seong-mu stated, "The Defense Industry Innovation Cluster will directly work to ensure that local defense small and venture companies can grow so that the region's growth engine can lead to a virtuous cycle defense ecosystem."

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