Science Ministry picks 3 areas to receive funds for start-ups

Home > Business > Industry

print dictionary print

Science Ministry picks 3 areas to receive funds for start-ups

The Science Ministry selected three metropolitan areas - Haeundae District in Busan; Pangyo Techno Valley in Seongnam, Gyeonggi; and Songdo Free Economic Zone in Incheon - to receive 2 billion won ($1.9 million) every year for five years to train engineers for start-ups. The money will also go toward helping those start-ups commercialize and sell their technology.

The Haeundae cluster will pursue 16 projects focusing on developing embedded solutions for the city’s main industries, including maritime, bio-health and parts manufacturing, while the Songdo-based start-ups will do work related to the Internet of Things. Pangyo will aim to become the nation’s software industry hub with its existing start-ups and research institutes.

More in Industry

As profits boom, big Korean companies reduce head counts

Hyundai Heavy confirms bid to buy stake in Doosan Infracore

It's a wrap

Joining hands for MOU

Saemangeum support

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now