Busan City Launches 'Busan U Startup Package' to Foster Innovation and Entrepreneurship Talent through Industry-Academia-Government Collaboration

Busan Eurasia Platform at 2 PM on the 9th, 'Busan U Startup Package' Success Promotion Resolution Ceremony Held

About 100 Attendees Including Lee Seong-gwon, Deputy Mayor for Economic Affairs, Vice Presidents of Participating Universities, Startup

On the 9th at 2 PM, Busan City will hold the ‘Busan U Startup Package Promotion Agency Collaboration Resolution Ceremony’ at Room 109 of the B. Startup Station in the Busan Eurasia Platform.

Universities and Institutions Participating in the Busan U Startup Package Resolution Ceremony.

This resolution ceremony was organized to pledge the successful promotion of the Busan-type innovative startup talent cultivation platform ‘Busan U Startup Package’ project, one of the startup innovation growth support measures prepared by the city through the 38th Emergency Economic Measures Meeting held last September, ahead of its full-scale implementation in collaboration with partner institutions.

The ceremony will be attended by about 100 people, including Lee Seong-gwon, Deputy Mayor for Economic Affairs, vice presidents of participating local universities, representatives of startup support organizations, and local university students. The event will proceed in the order of ▲opening remarks ▲project introduction ▲collaborative performance ▲commemorative photo session.

The ‘Busan U Startup Package’ is a Busan-type innovative startup talent cultivation platform that supports the growth of prospective entrepreneurs by providing a practical startup course, which consolidates the capabilities and infrastructure of each institution, in stages to outstanding talents from collaborative universities based on cooperation among Busan City, six local universities, and four startup support organizations, while also supporting sustainability.

In 2023, it was selected as an autonomous task under the Ministry of Education’s ‘Local Government-University Cooperation-Based Regional Innovation Project (RIS)’ and is led by Pukyong National University.

The project’s staged structure begins with the ‘Startup School Busan’ education by Google for Startups, which launched for the first time in the region this year in Busan. Through this education, students directly experience Google’s professional capabilities and get to try out early startup models.

In the next stage, among the students (teams) who complete this education, those with outstanding business ideas are selected to receive one-on-one professional consulting on ‘business model advancement’ in collaboration with the Busan Economic Promotion Agency.

Next, about 15 teams who complete the consulting will be selected to receive a specialized program planned by the local makerspace specialized lab ‘Root,’ and a demonstration event will be held where the final 10 or so teams present their final business plans.

Teams that pass through to the demonstration event will be systematically supported with processes that can lead to practical startups, including opportunities to participate in global startup camps, collaboration with the D.CAMP university startup team program, participation benefits in Busan City startup support projects, and references such as the Busan Mayor’s Award.

This year, the city will prioritize the ‘Busan U Startup Package’ project targeting six local universities currently operating the Startup Shared University (Dongmyung University, Dongseo University, Dong-A University, Dong-Eui University, Pukyong National University, and Korea Maritime and Ocean University), and plans to expand it next year to 14 local universities participating in the Busan Link 3.0 Project Group.

By 2025, the model will be expanded to the entire southeastern region, strengthening the linkage with startup infrastructure in the southeastern region and central government startup support projects (such as the Preliminary Startup Package and Early Startup Package).

Deputy Mayor for Economic Affairs Lee Seong-gwon said, “The model where university startup education supports practical startups of innovative talents based on industry-academia-government collaboration is a new challenge, and by consolidating and sharing the specialized capabilities and infrastructure of each institution, it is expected to create synergy.” He added, “Through the Busan U Startup Package, we ask for active cooperation from local universities and institutions so that local university students dreaming of startups can confidently grow into prospective entrepreneurs, settle in the region, and lead promising startups.”

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