Minister Kwon Chil-seung: "Innovation Centers Are Public Accelerators... Investment Capabilities Must Be Enhanced"

Minister Kwon Chil-seung giving a greeting
(Seoul=Yonhap News) Reporter Ryu Young-seok = Kwon Chil-seung, Minister of SMEs and Startups, is giving a greeting at the SME Policy Meeting between the Ministry of SMEs and Startups and foreign correspondents held at the Press Center in Jung-gu, Seoul, on the morning of the 6th. 2021.12.6
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[Asia Economy Reporter Junhyung Lee] On the 19th, Kwon Chil-seung, Minister of the Ministry of SMEs and Startups, held a meeting with the heads of 19 Creative Economy Innovation Centers nationwide at the Startup Zone located in Pangyo, Gyeonggi Province.

This meeting was organized to review the achievements and current status over the seven years since the launch of the Creative Economy Innovation Centers and to explore future directions. The first Creative Economy Innovation Center in Korea was the Daegu Creative Economy Innovation Center, established in 2014.

Minister Kwon encouraged the heads and staff of each regional center, which serve as hubs for local startups. He also discussed regional innovation startup strategies reflecting changes in the innovation center environment and the demands of startup companies. Presentations were also made by the Entrepreneurship Society and the Innovation Center Council.

Minister Kwon stated, “The seven years of the innovation centers coincide with the period in which startup companies develop self-sustainability,” adding, “Considering that the innovation centers grow alongside the companies, the support capabilities must also be elevated.” He continued, “Please make further efforts to fulfill the role as a public accelerator to foster the investment ecosystem and to expand investment capabilities,” and emphasized, “We must enhance the competitiveness of the innovation centers through proactive efforts to gather resources in one place, such as discovering specialized projects in metropolitan areas beyond regional limitations.”

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