Gyeonggi Center for Economic Science and Technology Promotion Recruiting 125 Resident Companies for Pangyo "Startup Bridge"

The Gyeonggi Center for Economic Science and Technology Promotion is recruiting 125 new resident companies for “Gyeonggi Startup Bridge,” a public-private partnership startup hub, until May 4.

This recruitment aims to accelerate the commercialization of technology-based startups in Gyeonggi Province by providing support tailored to their growth stage, and to help them secure market competitiveness through connections with private companies.

The recruitment fields include innovation and emerging industries such as artificial intelligence (AI), big data, autonomous driving, bio, new and renewable energy, as well as future mobility and urban air mobility (UAM).

Eligible applicants are prospective entrepreneurs with technology-based items and startups founded within the past seven years. For companies in emerging industries, those established within the past ten years are also eligible.

Gyeonggi Economic Science Promotion Agency's poster for "Gyeonggi Startup Bridge Tenant Company Recruitment"

Gyeonggi Startup Bridge is the nation’s first public-private partnership startup incubation space, jointly established by Gyeonggi Province, the Gyeonggi Center for Economic Science and Technology Promotion, and private companies, and is located in Building E, G2 Block, Pangyo 2nd Techno Valley.

The resident program operates three stages according to the company’s growth: “Tium” for prospective and early-stage companies within one year of founding; “Kium” for companies in their first to third year with at least KRW 100 million in sales or KRW 10 million in investment; and “Irum” for companies in their third to seventh year with at least KRW 500 million in sales or KRW 500 million in investment.

Resident companies only need to pay management fees, without rent, and receive exclusive office space and infrastructure. They also gain access to various support programs, including opportunities for collaboration with large and mid-sized companies, networking, investment connections, and growth support.

Kim Hyungon, President of the Gyeonggi Center for Economic Science and Technology Promotion, stated, “Gyeonggi Startup Bridge is a public-private partnership startup hub that helps promising startups grow into unicorn companies. Beyond simply providing space, we plan to further strengthen the startup ecosystem so that collaboration with large and mid-sized companies leads to real business growth.”

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