Polaris Office announced on the 23rd that it will participate as a demand company in the ‘2023 Industrial Complex Open Innovation’ program.


This program, jointly hosted by the Korea Industrial Complex Corporation (KICOX) and the Korea Credit Guarantee Fund, supports mutual growth by matching resident companies with excellent capabilities and infrastructure within industrial complexes with promising startups possessing innovative technologies.


This year, a total of five companies, including Polaris Office and representative companies of the Seoul Digital National Industrial Complex such as Visang Education, SSR, LG Uplus, and MCNEX, will participate as technology demand companies. Each demand company will select five startups, totaling 25 startups, to support open innovation with the demand companies.


Polaris Office is recruiting startups in three innovative growth areas: ▲ Office AI (Artificial Intelligence) ▲ Collaboration Solutions ▲ Management. Any startup established within the last 10 years with capabilities in these fields can participate.


A Polaris Office representative stated, “Through the open innovation program, we will provide various solutions that can enhance work productivity,” adding, “We will create synergy with participating startups through generative AI-based office solutions applicable to document work, AI operation and usage analysis solutions, collaboration solutions, and management solutions.”


Selected startups will be offered business expansion opportunities through collaboration and can also receive credit guarantee support from the Korea Credit Guarantee Fund. Financial support and customized services tailored to the characteristics and growth stages of the companies will also be provided. Starting this year, up to 20 million KRW per company will be provided for technology verification (PoC) funding, and residency benefits at the Seoul Digital Industrial Complex Open Innovation Support Center, scheduled to open in October, will be offered.



Startups wishing to participate can apply through the Korea Industrial Complex Corporation or K-Startup websites by July 5. The results will be announced on July 14.


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing