Incheon City Promotes 'RISE' Project Supporting Regional Innovation Universities... 21.4 Billion Won Invested This Year

Incheon City announced on the 6th that it will invest 21.4 billion KRW of national and city funds this year to promote the 'Regional Innovation-Centered University Support (RISE) Project.'

The city held the first RISE Committee meeting of 2025 the day before to review and approve this year's implementation plan. The budget by sector includes 5.9 billion KRW for nurturing future talents leading Incheon's strategic industries, 4.9 billion KRW for university specialization and regional-industry-academia cooperation, and 2.7 billion KRW for lifelong education innovation linked to Incheon jobs.

RISE is a project by the Ministry of Education that transfers part of university financial support authority to local governments to help universities become the center of regional innovation.

The city reflects six strategic industries and regional specialized industries (bio, semiconductor, aviation, future cars, robotics, data/digital + logistics, manufacturing) in university financial support projects to promote co-growth of the region, universities, and companies.

The "2025 1st Incheon RISE Committee" was held at Incheon City Hall on the 5th, where the attending committee members are taking a commemorative photo. Photo by Incheon City.

The Incheon RISE Committee consists of 21 members, including Mayor Yoo Jeong-bok, presidents of 11 universities in the Incheon area, the superintendent of education, and representatives from the economic and industrial sectors. The city plans to announce this year's project and hold an explanatory meeting this month, select executing universities next month, and then fully launch the project from May.

An Incheon city official stated, "We will closely communicate and cooperate with universities to nurture Incheon-type local talents and create a residential foundation that supports employment and start-ups."

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