Incheon Startup Product and Service Demonstration Support... 6 Fields Including Bio and AI

Recruitment of Companies Participating in the 'Scale-up Challenge Lab Program'

Incheon Startup Park Panorama [Provided by Incheon Economic Promotion Agency]

[Asia Economy Reporter Park Hyesook] The Incheon Free Economic Zone Authority and Incheon Technopark are recruiting companies to participate in this year's 'Incheon Startup Park Scale-up Challenge Lab Program' until the 18th of next month.

This program supports the demonstration of startups' products and services by utilizing specialized infrastructure such as research personnel and consultants from six domestic and international universities: Incheon National University, Inha University, Sejong University, Yonsei University, University of Utah, and Cheongwoon University.

The recruitment is divided into six fields: ▲Big Data and Artificial Intelligence (Sejong University) ▲Bio (Inha University) ▲Smart City (Incheon National University) ▲Global Expansion (Yonsei University) ▲Branding and Design (Cheongwoon University) ▲Global Bio (University of Utah), and approximately 30 companies will be selected in total.

Startups in the smart city and bio convergence fields based on 4th Industrial Revolution technologies seeking early commercialization or business support can check detailed information and apply for the program on the Incheon Startup Park website.

The Incheon Free Economic Zone Authority stated that the satisfaction level of companies participating in this program, which started in 2020 and is now in its third year, is high.

In the first year, the program supported 15 startups by utilizing specialized infrastructure from four universities: Sejong University, Incheon National University, Inha University, and Yonsei University.

Last year, the program added the global bio and branding and design fields, strengthening support for FDA approval consulting for bio startups and demonstration support in storytelling-based branding and design. As a result, it achieved sales of 32 billion KRW, investment attraction of 10 billion KRW, employment of 120 people, and 68 patents.

Lee Won-jae, head of the Incheon Free Economic Zone Authority, said, "This program has greatly helped the growth of bio and 4th Industrial Revolution technology-based startups," and added, "We will continue to strengthen the cooperative support system with partner universities to enhance the global competitiveness and investment attraction of domestic startups."

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