GWANGJU < invest Korea

According to Newsis,

Gwangju-si will push for 'Gwangju Station Startup Valley', its major project, aiming to be the largest-scale in Honam.

On January 18, Gwangju-si announced that the Gwangju Station Startup Valley, an economic-based urban regeneration New Deal project, will move forward in earnest in April this year, with the commence of construction of the R&D complex hub centerl.

Then, 'Bitgoeul Startup Station', an early-stage start-up support facility, will be completed and open in June, followed by the completion of Pureun Eum Center, a multi-purpose cultural welfare space, in the second half of the year.

In addition, the construction of Gwangju Station Urban Regeneration Innovation District Project, which has completed the purchase of the site, will proceed in earnest this year.

"Bitgoeul Startup Station," which is scheduled to open in the second half of the year, will house early-stage start-ups and small and medium-sized startups, who will produce prototypes, verify the economic feasibility of products, and apply for patents. Gwangju-si will support by giving training on product sales activities, use of local funds, and connecting with investors.

Gwangju-si plans to build "multi-purpose hub centers," "corporate innovation growth centers," "social economic innovation towns" and "housing connected with jobs" gradually by investing KRW 168.8 billion including KRW 25 billion in state funds by 2027.

Gwangju-si will provide one-stop support for the entire process of starting business, by operating startup facilities in Gwangju Station from 2027, when the project completes, and connecting it with startup facilities in the metropolitan area.


hgryu77@newsis.com

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Source: Newsis (January 18, 2024)