Gyeongbuk Province Launches Startup Innovation Space to Unfold Youth Dreams and Future

Launch of the 'Gyeongbuk Future Convergence Venture Town' Promotion Council and Kickoff Meeting Held

Perspective view of the Gyeongbuk Future Convergence Venture Town to be developed in Gyeongsan, Gyeongbuk.

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongguk Lee] On the 29th, Gyeongbuk Province held the launch and kickoff meeting of the 'Gyeongbuk Future Convergence Venture Town' Promotion Council at the main conference room of Gyeongsan City Hall to create an innovation startup space centered on local youth.

The event proceeded with a project progress report, viewing of a promotional video, appointment of expert committee members, presentation of appointment letters, and the kickoff meeting.

Committee members were appointed from top experts in various fields including venture investment management companies, startup planning, business operations, local universities, and related institutions.

Through this, the project direction will be suggested and various experiences and know-how will be incorporated into the project implementation.

The Gyeongbuk Future Convergence Venture Town is planned to be created and operated as an innovation startup space centered on local youth, integrating knowledge industry centers and Gyeongsan Startup Park with investment, marketing, and startup companies.

The project site, Imdang Station in Gyeongsan, has excellent transportation environments such as airports, highways, and urban railways, and residential areas like the Daeim District (apartment complexes) are established.

Within a 10 km radius, there are 16 research and development support institutions, 13 universities, 18 startup centers, and advanced industrial complexes densely located, which received high scores in the on-site feasibility evaluation of the project.

Once the town is established, it is expected to serve as a forward base for local youth startups by building a customized support system from startup to growth and global expansion of venture companies through the agglomeration of corporate investment and specialized nurturing institutions such as startups, venture capital, and accelerators.

Gyeongbuk Province is promoting various projects to discover and nurture local startups and venture companies, which are core to local youth job creation and advanced technology industries.

To revitalize venture investment, it plans to expand investments by linking the existing three venture funds worth 100 billion KRW and the recently selected 30 billion KRW regional New Deal venture fund.

Additionally, it has created active investment conditions by regularly holding global investment matching days and investment briefings to discover excellent local companies and facilitate consultations with major investors in the metropolitan area.

The 'Gyeongbuk Future Convergence Venture Town' project will be steadily established to accelerate the creation of a virtuous cycle ecosystem from discovery to nurturing to investment, enabling startups to grow at each stage.

Ha Daesung, Deputy Governor for Economy of Gyeongbuk Province, said, “The Gyeongbuk Future Convergence Venture Town being established this time is the future and dream of local youth, and we will make it a Gyeongbuk-type startup hub where excellent startups based on advanced innovative technology are discovered and investments are made simultaneously.”

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