Gyeonggi-do to Foster Climate Tech Unicorns with Corporate Value of 1 Trillion Won
Gyeonggi Province is taking active steps to foster 'climate tech unicorns' with a corporate value of over 1 trillion won.
On the 5th, Gyeonggi Province announced that, in collaboration with the Gyeonggi Center for Creative Economy and Innovation, it will recruit 33 climate tech startups by the 25th to nurture them into global unicorn companies.
The climate tech startups selected this year will gain advanced global expansion strategies and various business growth opportunities in the domestic market.
To this end, Gyeonggi Province will support ▲ public open innovation (a strategy that involves importing specific technologies and information from external sources such as other companies or research institutions while sharing internal resources or technologies externally to create new products or services) ▲ linkage with large and medium-sized enterprises' P.o.C (Proof of Concept) ▲ and private investment attraction.
In particular, special privileges will be granted to participate in the exhibition at the 'World Local Government Climate Summit' held in April, providing opportunities to directly introduce technologies and products to public climate leaders and private investors from around the world.
Companies wishing to apply can do so through the websites of Gyeonggi Provincial Government (www.gg.go.kr), Gyeonggi Center for Creative Economy and Innovation (https://ccei.creativekorea.or.kr), and Pangyo Startup Zone (https://pangyozone.or.kr).
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Cha Seong-su, Director of the Climate Environment and Energy Bureau of Gyeonggi Province, stated, "We plan to actively support climate tech companies so that the climate crisis can lead to economic growth," adding, "We will lay the groundwork for the first domestic climate tech unicorn company with a corporate value of over 1 trillion won to be born in Gyeonggi Province."
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