Show Innovation! ... BPA Opens 'Busan Port Innovation Product Contest'

Promotional poster for the '2022 Busan Port Innovation Product Contest'.

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Duyul] Busan Port Authority (BPA) is hosting the ‘2022 Busan Port Innovative Product Contest’ to provide excellent small and medium enterprises with an opportunity to showcase their innovative products.

The contest is held under the theme of ‘Innovative products that can be utilized for the development of Busan Port’ and is divided into two categories: ▲Innovative products related to public life ▲Innovative products related to innovative growth.

Small and medium enterprises can apply if they have completed at least a prototype and have generated sales less than 10 times the product price to date with their innovative product.

SMEs wishing to apply can download the contest documents from the Busan Port Authority website, fill them out, and submit them via email to the person in charge.

BPA will comprehensively evaluate suitability to the category, applicability, innovativeness, and social value creation to select seven companies: one grand prize winner, one excellence award winner, and five encouragement award winners, awarding a total prize of 3 million KRW and certificates.

The contest period is from the 15th of this month until the 30th, and detailed information can be found on the BPA website.

Jin Gyuho, Head of Management Division at BPA, said, “Through this innovative product contest, we plan to encourage active participation of SMEs in the development of Busan Port and support product and idea improvements to strengthen the innovation competitiveness of SMEs.”

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