Incheon Airport Corporation Supports Incheon Startup Park... "Fostering Aviation Industry Startups"

[Asia Economy Reporter Yoo Hyun-seok] Incheon International Airport Corporation announced on the 7th that it will sign a business agreement with the Incheon Free Economic Zone Authority (IFEZ) and Incheon Technopark (Incheon TP) to support and nurture innovative growth startups in the aviation industry through the ‘Incheon Startup Park’ program.

Incheon Startup Park is a comprehensive startup support space that assists startups in attracting investment and expanding overseas based on Incheon’s demonstration resources. Currently, more than 80 innovative technology-based startups are housed there.

The three organizations plan to jointly discover ideas and innovative technologies possessed by startups and small and medium-sized enterprises (SMEs) at Incheon Startup Park and promote support for technology demonstration and verification through this agreement.

The main areas of cooperation in the agreement include △ discovering airport demand technologies and operating partner collaboration programs △ linking support between Incheon Airport Tech Market and Incheon Startup Park programs △ supporting on-site demonstrations for startups and SMEs △ jointly discovering projects for identifying and nurturing startups and SMEs.

The corporation will first identify demand technologies needed by the airport, and when startups with related innovative technologies are selected through a public contest, it will provide a testbed utilizing airport infrastructure to support the demonstration and verification of new technologies.

Startups will be able to receive not only verification of their technologies but also necessary technical consulting support. The corporation expects to accelerate technology adoption and the realization of intelligent airport operations by pre-verifying 4th industrial revolution technologies required by the airport.

Kim Kyung-wook, President of Incheon International Airport Corporation, said, “We hope this agreement will serve as an opportunity to revitalize the aviation industry, which has been stagnant due to COVID-19,” and added, “Going forward, the corporation will strive to strengthen SME competitiveness and build a virtuous cycle ecosystem in the aviation industry through technology cooperation and market support.”

Meanwhile, the corporation declared 2022 as the first year of Incheon Airport’s leap forward, announcing 10 key tasks centered on three pillars: airport operation normalization, airport competitiveness enhancement, and sustainable future growth in January. As part of this, it set a goal to strengthen social responsibility management through the advancement of ESG (Environmental, Social, and Governance) management.

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