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Daejeon mayor to visit the US for bench-marking of startups support system

According to Yonhap News,

(DAEJEON=Yonhap News) Daejeon mayor Her Tae-jeong is to visit the U.S. to benchmark advanced support system for facilitating startups.

Daejeon city announced on April 10 that Mayor Her is to embark on a business trip to the U.S. from April 14 to 24.

He is to visit the Tata Innovation Center of Cornell University in New York on April 15 to witness the system and programs supporting startups and learn New York's policies for supporting and vitalizing startups.

On the following day, he is to visit Entrepreneurs Roundtable Accelerator (ERA), New York's oldest and leading technology accelerator which gave birth to 165 startups to date.

On April 18, the mayor will also visit MIT Martin Trust Center for MIT Entrepreneurship, which support startups by MIT students, and Cambridge Innovation Center that produces the best infrastructure and programs for innovators. By doing so, the mayor intends to gain insights for creation of Daejeon Startup Park.

On April 17, he is to meet the mayor of Boston city to establish a cooperative network in the private sector of the two cities, laying the foundation for Daejeon's bio companies to enter the Boston market.

He is scheduled to have IR with Byton, a EV startup in Silicon Valley.

If Byton decides to move to Daejeon, the city expects that it will provide a chance to change the industrial structure of Daejeon in such ways as revitalizing foreign investment zones in Doongok district of International Science Business Belt and generating jobs.

The mayor said, "This business trip will give us an opportunity to build startup model of the world's leading universities and turn Daejeon a base camp for startups."

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Source Text

** This article was translated from Korean.

Source: Yonhap News (April 10, 2019)