Gyeonggawon Invites Tenants for Public Buildings in Pangyo Technovalley

Startup Campus Overview

The Gyeonggi-do Economic Science Promotion Agency is recruiting companies to move into public buildings (Global R&D Center, Gyeonggi Creative Economy Innovation Center, Startup Campus) within the 1st Pangyo Technovalley.

Pangyo Technovalley, along with Gwanggyo Technovalley, is a representative innovation cluster of Gyeonggi-do, offering optimal conditions for business activities in terms of transportation and infrastructure. As of 2022, over 1,300 companies have settled here, growing it into a global convergence research and development (R&D) hub.

The Global R&D Center was established in 2012 to enhance technological competitiveness and provide cooperative partnerships among resident companies by attracting government research institutes and global companies' R&D centers. It houses several government institutions such as the Electronics and Telecommunications Research Institute (ETRI) and the Korea Electronics Technology Institute, as well as domestic and international corporate research centers like Baker Hughes Korea Co., Ltd. and GE Power Korea Co., Ltd.

The Gyeonggi Creative Economy Innovation Center, established in 2013, accommodates support organizations to provide convenience for companies located in Pangyo Technovalley. Currently, the Gyeonggi-do Economic Science Promotion Agency, Gyeonggi Content Agency, and Small and Medium Business Technology Information Promotion Agency are located there.

The Startup Campus, built in 2015, specializes in establishing an open platform for startups including global venture capital and accelerators. It supports all stages of startup growth from idea development to product development and overseas expansion. It houses the Gyeonggi Startup Campus of the Gyeonggi-do Economic Science Promotion Agency, as well as various government agencies such as the National IT Industry Promotion Agency, the Korea Intelligent Information Society Promotion Agency, and accelerator companies.

The available spaces for resident companies range from about 20 pyeong to a maximum of 210 pyeong in exclusive area. The residency period is available until the end of 2024, and extensions up to 5 years (one-time limit) are possible through review if desired.

Resident companies will be provided with exclusive office space and shared facilities at a cost lower than the surrounding market prices without any deposit burden. Additionally, various discount benefits are available when using public building rental facilities within the 1st Pangyo area.

Applications can be submitted through the Onbid website (www.onbid.co.kr) after checking detailed information regarding eligibility and rental conditions. The deadline for applications is June 1.

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