Ulsan Creative Economy Innovation Center (hereinafter referred to as Ulsan Changgyeong) announced that it will hold a contest for the '2025 UFEZ Small and Medium-sized Enterprises Mutual Growth Investment Platform'.
This contest, hosted by the Ulsan Free Economic Zone Authority, was designed to discover promising companies with technologies in demand by large corporations or new technologies and support their growth through participation from local large corporations and public institutions.
The recruitment areas are three key strategic industries of the Ulsan Free Economic Zone (UFEZ): ▲Future Mobility ▲Future Chemical New Materials ▲Hydrogen and Low-carbon Energy, and will be conducted for (potential) entrepreneurs and small and medium-sized enterprises with innovative technologies.
After document screening and presentation evaluation, approximately 8 companies will be selected and each company will be awarded a business development support fund of 10 million won.
In addition, it provides various benefits such as ▲technology evaluation guarantee for investment review ▲consulting by corporate management experts ▲technology exchange meeting that connects the needs of large companies with the technology of selected companies ▲investment linkage support, etc.
In the future, if a company starts or expands its business in Ulsan, it will also be supported with a relocation subsidy (up to 10 million won per company).
Applicants can apply through the U-STAR website from February 24 to March 14.
Kim Heon-seong, CEO of the Ulsan Creative Economy Innovation Center, announced, “We will actively support promising companies discovered through this contest to make further advancements through the newly launched Ulsan Startup Hub, and do our best to attract companies to the Ulsan region and revitalize the Ulsan corporate ecosystem.”
Meanwhile, Ulsan Changgyeong has been promoting a large-small business mutual investment platform project since 2021 to discover promising companies and attract them to Ulsan. Various benefits, such as consulting in conjunction with large companies, have been provided to companies selected through a public contest every year, and a total of 33 companies have been supported to date.
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