The First Creative Economy Innovation Center Opens in Daejeon
The nation's first-ever Creative Economy Innovation Center, which seeks to provide a model for startups combining science and technology with innovative ideas, opened in KAIST, Daejeon on March 26.
The opening ceremony held at KAIST drew a number of dignitaries including Prime Minister Chung Hong-won, Science, ICT and Future Planning Minister Choi Mun-gi, Daejeon Mayor Yeom Hong-cheol, and KAIST President Kang Sung-mo, reflecting the government's interest in the new initiative.
The newly-opened Daejeon center will primarily focus on removing regulations, commercializing business ideas, and offering an incubator program in order to foster regional strategic industries and build an entrepreneurship ecosystem. Initially, support will be provided in relation to the following five strategic industries, which have been selected through regional consultations: △wireless technology & convergence △robotic automation △medical biotechnology △metalworking △intellectual property services.
The center will run an incubator program to select and nurture young entrepreneurs in cooperation with investors, and provide a variety of startup support services including provision of a space for entrepreneurs to interact and collaborate with each other.
Among the center's most anticipated services are the "Six-month Challenge Platform" to expedite the commercialization process and a program to discover outstanding startup ideas online for extensive support for commercialization, investor inducement, and/or overseas marketing.
The center, located in the Education Support Building of KAIST, offers an open concept community space that accommodates spaces for lectures, seminars, and meetings. It will be used as a space for idea presentations, consulting/mentoring, and workshops.
The center will also offer diverse programs to promote entrepreneurship including startup training education and forums, startup acceleration, and startup auditions. The center will open startup incubating and prototype preparation facilities to live up to the promise of providing the best startup support facilities.
Song Rak-kyeong, a visiting professor of KAIST, has been named the inaugural director of the Daejeon innovation center. Song served as CEO of KTB Incubating and manager of the commercialization division of Daedeok Innopolis.
Meanwhile, the government plans to open creative economy innovation centers by stages in a total of 17 cities/provinces nationwide until 2015.
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