Daegu City to Foster 50 'ABB High-Growth Companies' by 2026

Selected Companies Participating in Daegu TP to Receive 100 Million to 200 Million KRW Support

Daegu City and Daegu Technopark Foundation (Daegu TP) announced on the 29th that they are recruiting local ABB (AI, Big-data, Block-chain) companies with high future growth potential to participate in this year’s ‘ABB High-Growth Companies 50 Development Project.’

The ‘ABB High-Growth Companies 50 Development Project’ is a newly launched initiative this year aimed at discovering 50 ABB companies with future growth potential by 2026 to establish the foundation for Daegu’s industry over the next 50 years. The project seeks to foster these companies as leading local ABB enterprises that will drive the creation of a regional ABB innovation ecosystem and regional economic development.

Daegu City Sangyeok Government Office

Daegu City launched an industrial convergence alliance consisting of 10 institutions related to ABB academia and research in April to rapidly grow the selected ABB companies into high-growth local representative companies. Through regular meetings, the alliance plans to share information and provide close support covering everything from A to Z that companies need.

The participating institutions in the industrial convergence alliance include the Daegu-Gyeongbuk Regional Small and Medium Venture Business Administration, Industry-Academic Cooperation Foundation of Kyungpook National University Research and Industry-Academic Cooperation Office, Industry-Academic Cooperation Foundation of Keimyung University, Daegu Branch of Korea Technology Finance Corporation, Daegu Digital Innovation Promotion Agency, Daegu-Gyeongbuk Sales Headquarters of Korea Credit Guarantee Fund, Korea Institute for Robot Industry Advancement, Daegu-Gyeongbuk Research Center of Electronics and Telecommunications Research Institute, and Korea Intelligent Information Society Agency.

This year, a total of 15 companies will be selected, including 7 ‘Promising Venture Companies,’ 5 ‘High-Growth Companies,’ and 3 ‘Leading Companies,’ with applications accepted at Daegu TP from June 5 to June 16. Detailed information is available on the websites of Daegu City and Daegu TP.

Eligibility requires that the company’s headquarters be located in Daegu or have plans to relocate the headquarters within three months after selection, and that the ABB company has future growth potential to drive co-growth with local industries.

Selected companies will receive a customized powerful package tailored to corporate demand (non-R&D, up to 60 million to 100 million KRW per company depending on growth stage), support for discovering powerful services specialized in ABB (R&D, up to 200 million KRW per company), and R&D planning (application for national R&D projects).

Additionally, the ‘Global Bi-Sang Project’ (overseas investment attraction) will be conducted to attract overseas investment and expand market entry for local ABB companies. Other support projects include establishing and operating a nationwide expert pool by field to resolve corporate difficulties through a ‘Solution Tank,’ and discovering and nurturing candidate ABB high-growth companies through the ‘Signature Project.’

Lee Jong-hwa, Deputy Mayor for Economic Affairs of Daegu City, stated, “We will focus on discovering ABB companies with future growth potential and foster them as representative local companies to further develop the regional ABB industry ecosystem for Daegu’s next 50 years.”

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