Busan City and Busan Creative Economy Innovation Center (CEO Yongwoo Kim, hereinafter referred to as Busan Creative Economy) announced that they will begin operating the ‘Solution Living Lab’ in earnest to support the successful market entry of innovative startups in the smart city sector through cooperation between Busan citizens and startups.
The 'Solution Living Lab' will be operated for approximately 9 months from April to December 2025, and is a program that selects 4 smart city innovation startups located in Busan with less than 7 years of experience and supports product and service verification and advancement through citizen participation.
Busan Changgyeong will recruit four startups with smart city-related innovative items starting March 28. Later, it will recruit about 24 citizen participants to participate in the product/service verification of the selected startups. Any Busan citizen interested in smart city technology can participate. The citizen participants will directly experience the startups’ products and services and conduct functionality and effectiveness evaluations.
Startups selected for the Solution Living Lab will establish a plan for improving and enhancing their items based on empirical feedback obtained through collaboration with citizen participation groups, and will receive customized funding of up to 10 million won per company to implement this plan.
Busan Changgyeong plans to operate a venue for active communication and exchange of opinions between citizens and startups during the program period, such as startup item and business model explanation sessions and meetup days with the citizen participation group. After the citizen participation group activities are over, excellent participants will be selected and a disbandment ceremony will be held with separate awards.
Busan Changgyeong CEO Yongwoo Kim emphasized, “The smart city ‘Solution Living Lab’ is a field-centered program that increases market competitiveness by having citizens, who are the actual users, directly verify and improve items from innovative startups.” He added, “We will do our best to build a successful smart city innovation model in which Busan citizens and startups cooperate.”
Busan Changgyeong will be recruiting participating companies until April 18th, and applications and detailed information can be found on the Busan Changgyeong website and Busan Startup Portal.
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