Busan Port Authority Promotes Support for Startups and SMEs and Expansion and Establishment of Innovation Clusters

Busan Technopark and Busan Regional Industry Promotion Agency Sign Business Agreement

Establishing R&D Development Technology Demonstration and Commercialization Environment in Busan Port

Busan Port Authority (BPA, President Kang Jun-seok) signed a business agreement on the 17th at BEXCO with the Busan Regional Industry Promotion Agency and Busan Technopark to expand and establish the foundation of the innovation cluster.

The signing ceremony was held simultaneously with the 2024 Busan Innovation Cluster Technology Conference under the theme "K-Shipbuilding and Maritime, Leaping Forward by Integrating ICT."

Through this agreement, BPA and others agreed to join forces to foster and promote the marine ICT convergence industry within the Busan Innovation Cluster and to support startups and small and medium-sized enterprises (SMEs) within the regional innovation cluster.

They also decided to establish an environment to support the demonstration and commercialization of research and development technologies and to strengthen linkage and cooperation among regional innovation institutions to create a cooperative system for attracting companies in the marine ICT convergence sector.

BPA plans to lead the future port paradigm based on expertise and innovation, prepare support measures for startups and SMEs within the innovation regional cluster, and contribute to building an environment for the demonstration and commercialization of technologies developed as research and development projects.

Since 2022, BPA has been operating the shipping and port startup support platform (1876 Busan), currently providing office space, startup and research subsidies, testbed facilities, and joint research and development support to 13 startup companies.

Jin Gyu-ho, Head of BPA’s Management Headquarters, emphasized, “Busan must continuously enhance its global port competitiveness to develop into the world’s leading maritime and port city,” adding, “This business agreement will serve as a foundation for growth into a future smart port city through cooperation with regional innovation institutions.”

Busan Port Authority is signing a business agreement with Busan Technopark and Busan Regional Industry Promotion Agency.

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