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A municipal project to promote global entrepreneurship network turned to a great success
A municipal project to promote global entrepreneurship network, largely sponsored by Ulsan city and Ulsan technopark, reported a great success with a KRW 7.6 billion worth of investment value attracted last year.
According to a city report, Seadronix, which develops AI- based controlling system that allows vessels navigate cross the ocean, Marineinnovation, a home appliance developer upcycling seaweeds and disposed waste and three others raised funds valued at over KRW 7.6 billion. These startups are assessed to make incredible achievement, attracting business partners worldwide thanks to the city entrepreneurship program.
The project, based in the ‘Ulsan Global Startup Hub (abbr. U- hub)’ on the fifth floor in the Science & Technology Promotion Center which opened last March in Ulsan city, aims to help startups who wish to form global sales network expand to overseas markets. By collaborating with local startup accelerators, the program helps early stage businesses take part in various forms of global exhibitions, conferences, and mentoring services to promote entrepreneurship.
In addition, it helps members collaborate with local startup accelerators abroad and join various types of consulting sessions held in international exhibitions, conferences and biz- coaching mentoring services.
The programs are reported to serve as a new growth momentum, giving a boost to local economy, struggling for the economic ramifications from the recent coronavirus shock. A year ago, there was an MOU signing ceremony among overseas partners such as Creative Valley, France and Economic Development Promotion Agency at the state of Saarland, Germany, as part of efforts to explore new business hubs.
It also encouraged members to join startup accelerator programs, forming partnership with Israel’s Yozmagroup, US Bridge-minder UC Berkley, Norway’s Innovation Norway. These are not the end. Members took part in global scale conference and expos such as VIVA TECH in Paris last May, Saigon Innovation Hub startup Global Fair in Vietnam in June, 2019, Slush Helsinki, Finland in November etc. to showcase their products and services, groundbreaking work for market expansion overseas.
young@yna.co.kr
** This article was translated from Korean.
Date
2020.05.27
Views
373
According to Yonhap News,
A municipal project to promote global entrepreneurship network, largely sponsored by Ulsan city and Ulsan technopark, reported a great success with a KRW 7.6 billion worth of investment value attracted last year.
According to a city report, Seadronix, which develops AI- based controlling system that allows vessels navigate cross the ocean, Marineinnovation, a home appliance developer upcycling seaweeds and disposed waste and three others raised funds valued at over KRW 7.6 billion. These startups are assessed to make incredible achievement, attracting business partners worldwide thanks to the city entrepreneurship program.
The project, based in the ‘Ulsan Global Startup Hub (abbr. U- hub)’ on the fifth floor in the Science & Technology Promotion Center which opened last March in Ulsan city, aims to help startups who wish to form global sales network expand to overseas markets. By collaborating with local startup accelerators, the program helps early stage businesses take part in various forms of global exhibitions, conferences, and mentoring services to promote entrepreneurship.
In addition, it helps members collaborate with local startup accelerators abroad and join various types of consulting sessions held in international exhibitions, conferences and biz- coaching mentoring services.
The programs are reported to serve as a new growth momentum, giving a boost to local economy, struggling for the economic ramifications from the recent coronavirus shock. A year ago, there was an MOU signing ceremony among overseas partners such as Creative Valley, France and Economic Development Promotion Agency at the state of Saarland, Germany, as part of efforts to explore new business hubs.
It also encouraged members to join startup accelerator programs, forming partnership with Israel’s Yozmagroup, US Bridge-minder UC Berkley, Norway’s Innovation Norway. These are not the end. Members took part in global scale conference and expos such as VIVA TECH in Paris last May, Saigon Innovation Hub startup Global Fair in Vietnam in June, 2019, Slush Helsinki, Finland in November etc. to showcase their products and services, groundbreaking work for market expansion overseas.
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young@yna.co.kr
Source: Yonhap News (May 2 , 2020)
** This article was translated from Korean.