Southeast Region Industry-Academia Cooperation Hub Emerges... UNIST Industry-Academia Cooperation Center Completed

Completion Ceremony on the 25th with Attendance from Ministry of Science and ICT, Ulsan City, and Resident Companies

Project Cost of 20.6 Billion KRW Invested, Building with 1 Basement Floor and 7 Above-Ground Floors

UNIST (President Yong-Hoon Lee) held a completion ceremony for the Industry-Academia Cooperation Building at 2 p.m. on the 25th, signaling its leap forward as a leading industry-academia cooperation hub in the southeastern region.

The completion ceremony, held in the lobby on the first floor of the Industry-Academia Cooperation Building, was attended by representatives from the Ministry of Science and ICT, Ulsan City, tenant company representatives of the Industry-Academia Cooperation Building, and Junho Lee, Honorary Chairman of Deoksan and a first-generation venture entrepreneur in Ulsan.

The UNIST Industry-Academia Cooperation Building was constructed to be responsible for joint industry-academia research and fostering local startups. It has a total floor area of 8,273.68㎡, with one basement floor and seven above-ground floors. Inside, it includes spaces for startup companies and support facilities, dedicated research and education spaces for tenant companies, common areas for sharing innovative ideas, and student practice rooms.

People attending the completion ceremony of the UNIST Industry-Academic Cooperation Building are cutting the ribbon.

At the end of 2019, a national budget of 20.6 billion KRW was secured through BTL (Build-Transfer-Lease) public-private partnership at the National Assembly, which propelled the construction forward in earnest. After selecting the project implementer, construction began in February 2022. Following a construction period of one year and six months, the building was completed in August last year.

An investment fund formation ceremony between UNIST Technology Holdings and ATP Ventures was also held on the same day. This fund, with significant participation from medium-sized and small enterprises in the Ulsan region, is expected to focus investments on local startup companies, creating a virtuous cycle of investment.

ATP Ventures relocated its headquarters from Seoul to the UNIST Industry-Academia Cooperation Building at the end of last year, concentrating on fostering startups in the Ulsan area.

President Yong-Hoon Lee stated, “I hope that open innovation created by bringing together local medium-sized enterprises, technology startup companies, and venture capital firms in one place will serve as a focal point for the innovative startup ecosystem in the southeastern region.”

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