Gwanak-gu - Seoul National University Campustown Tenant Recruitment Completed

Among 157 Applicant Companies, 27 Finalists Selected Through 1st Document Screening and 2nd Presentation Review... Accelerating Gwanak S-Valley Development to Revitalize Local Economy by Supporting Startup Growth

[Asia Economy Reporter Jongil Park] Gwanak-gu (Mayor Park Junhee), together with Seoul National University, announced the results of the Campus Town resident company recruitment competition targeting startup companies with potential to grow into global enterprises.

In this competition, a total of 157 companies applied from June 1 to 28, and after fierce competition through the first document screening and the second presentation screening, the event concluded successfully.

In this competition, innovative technologies and items with global expansion potential of startup companies were selected and evaluated. Among them were ‘Cryptolab’ (CEO Chun Jeonghee), which developed the software ‘HEaaN’ using homomorphic encryption technology, and ‘Veritas Biotherapeutics’ (CEO Yeon Seongchan), which develops anticancer drugs and liver disease treatments applying bile acids. Including two startups founded by Seoul National University professors, excellent companies from various fields such as ▲Artificial Intelligence (AI) ▲Big Data ▲Fintech ▲Biotech ▲Smart Health were selected.

The 27 selected startup companies will move into the Campus Town base centers located in Nakseongdae-dong and Daehak-dong, where they will receive ▲free startup space, ▲education and consulting support hosted by Seoul National University professors and researchers, ▲strategic consulting related to intellectual property, ▲professional consulting in law, accounting, and taxation, ▲regular IR and demo days, and ▲investment attraction opportunities, benefiting from various startup fostering programs provided by Gwanak-gu and Seoul National University.

Additionally, Gwanak-gu and Seoul National University plan to support promising companies to grow into capable enterprises by discovering potential companies, including five companies selected for the TIPS program (Private Investment-Driven Technology Startup Support) among the resident companies selected last year.

The district is promoting ‘Gwanak S Valley,’ aiming to create a world-class startup hub where universities, companies, and the local community coexist, centered on Nakseong Venture Valley in the Nakseongdae area and Sillim Startup Valley in Daehak-dong, to create quality jobs and revitalize the local economy.

So far, the district has established 11 startup support facilities including ‘Startup HERE-RO 2, 3, 4,’ ‘Nakseong Venture Startup Centers (3 locations),’ and ‘Seoul Startup Center Gwanak,’ and plans to establish a total of 16 facilities including ‘Startup HERE-RO 5 (Hoam-ro 24-gil 6)’ in October and ‘Startup HERE-RO 1 (Nambusunhwan-ro 1890)’ in 2022.

A district official stated, “We will continue to do our best to help startup companies grow globally and to revitalize the local economy through startups by cooperating with private companies such as Seoul National University, KT, and KB, ensuring that projects like Campus Town and Gwanak S Valley proceed without any setbacks.”

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