All Safety New Technologies Welcome... Korea Occupational Safety and Health Agency's 'Safety Startup' Contest

"Making the World Safer with New Technology"

Accepting 'U-STAR' Applications Until May 12

The Korea Occupational Safety and Health Agency (KOSHA, President An Jong-ju) under the Ministry of Employment and Labor and the Ulsan Creative Economy Innovation Center (Acting Director Jo Hee-cheol) will jointly host the 6th Safety New Technology Contest.

This project aims to discover and nurture startups possessing new technologies in the fields of industrial, disaster, and fire safety.

Applications will be accepted online through the U-STAR website from the 10th until 6 p.m. on May 12. Eligible participants include ▲ startups and ventures (within 7 years of establishment) and prospective entrepreneurs with products or services incorporating new technologies applicable to industrial, disaster, and fire safety, and ▲ companies with safety-related new technology certifications issued within the last 3 years.

Award Plan.

A total of 10 companies will be selected, and awardees will receive commendations along with a total prize of 30 million KRW.

For the winning companies, various support programs will be provided, including joint operation of a promotional booth at the 2023 International Safety and Health Exhibition, linkage to Seed investment through the Center (with separate selection for outstanding companies), technology transfer of industrial property rights and mentoring by KOSHA, and provision of financial guarantees and insurance benefits.

Since 2018, KOSHA and the Center have jointly held the ‘Safety New Technology Contest.’ Over the past five years, 43 startups have been selected and supported through this contest.

An Jong-ju, President of KOSHA, stated, “Fostering safety new technology companies in a rapidly changing technological environment is expected to contribute to revitalizing the safety market,” adding, “We hope that new technologies will improve safety management at industrial sites and lead to a reduction in industrial accidents.”

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