Ulsan Original Technologies to Grow in Ulsan... Agreement to Promote 'Excellent Technology Commercialization'

Establishing a Cooperative System to Promote Commercialization of Regional Excellent Technologies

A project to support the rooting of original technologies born in Ulsan within Ulsan is being promoted.

Ulsan City announced that it will sign the 'Ulsan Excellent Technology Commercialization Promotion Agreement' at 2 p.m. on the 15th at Dongcheon Gymnasium.

This agreement was prepared to establish a mutual cooperation system for the introduction of excellent local technologies and to contribute to the sustainable growth of companies and economic revitalization through the commercialization of innovative technologies.

The signing ceremony will be held with about 200 key stakeholders, including Ulsan City, three excellent technology support organizations, four government-funded research institutes located in the region, five investment and related organizations, and nine local business councils, totaling 22 institutions.

The main contents of the agreement include △ Establishing a regional technology innovation cooperation system △ Promoting commercialization of excellent technologies △ Advancing technology of local small and medium-sized enterprises △ Creating an ecosystem for co-growth of the regional economy.

The institutions and companies participating in this agreement plan to contribute to the commercialization of core technologies and the revitalization of the regional economy through a series of support measures, from discovering excellent local technologies and demand companies to technology matching and linking with financial and investment institutions.

An official from Ulsan City said, “This business agreement will serve as a momentum to commercialize excellent original technologies in the region, disseminate them to local companies, put research and development results into practical use, and contribute to the advancement of local small and medium-sized enterprises.” He added, “We will support the co-growth of local SMEs and the regional economy by producing visible results through close communication with the agreement institutions.”

Since January, Ulsan City has been conducting the ‘Original Technology Commercialization Platform Construction Project’ with a scale of 360 million KRW to promote the commercialization of core original technologies by supporting demand technology matching and commercialization between technology-holding institutions and local SMEs.

Participating Institutions in the Agreement.

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