South Korea’s Gyeonggi Innovation Center Supports Multiple Startups with Capital, Networking and an Impressive 3D Printing Lab

Share this Article

Pangyo Techno Valley is South Korea’s answer to California’s Silicon Valley. It’s where the newest technology is studied, tested, incubated, and finally released into the world. The newest addition to this valley of innovation is the Gyeonggi Center for Creative Economy and Innovation, also known as the Gyeonggi Innovation Center. The young complex opened only this past March, but it’s already supporting 34 startups and actively promoting their entrance into global business networks.

g center

South Korea clearly believes that tech startups are the future, because the country as a whole is currently supporting a total of 530 fledgling businesses this year. Gyeonggi Innovation Center is harboring 34 of them, and is encouraging them to flourish by providing startup capital, education and mentoring, office space and access to state-of-the-art technology via its 3D printing rooms and IoT labs.

“We will focus on helping entrepreneurs get through the first one to three years of business operation by assisting them with setting up marketing channels, going overseas, and attracting investment,” said Lim Deok-Rae, Gyeonoggi Innovation Center CEO and General Manager.

economy-150331-4For any business venture, networking is key, particularly on a global level. The Gyeonoggi Innovation Center, along with South Korea’s 17 other innovation centers, is supported by G-Alliance, an organization dedicated to the creation of a network of overseas startup support agencies, investors, and global businesses. This network has facilitated contracts with accelerators such as France’s Orange Fab and venture capital firms like San Franciso-based Formation 8. Recently, Gyeonoggi Innovation Center supported the participation of five startups in the K-Tech Silicon Valley 2015 conference and business expo, which, among its other events, includes a startup pitch competition.

“I expect that the Gyeonggi Center for a Creative Economy & Innovation…will play the role of a ‘bridge of harmony and conversion’ by connecting innovation centers across the country, different industries, large conglomerates, SMEs, and, furthermore, Korea and the world,” said South Korean President Park Geun-hye at the center’s opening ceremony on March 30.

opening

Besides networking and financial support, access to technology is critical for a young business to succeed. The center definitely didn’t scrimp on its tech labs – the 3D printing laboratory includes five printers costing up to ₩100 million, which any startup can use for free as long as they pay for their printing materials.

Already, some incredible technology has come out of the Gyeonggi Innovation Center. Startups supported by the center include Anyractive, which provides technology that allows you to turn any TV, smartphone or other screen device into a mobile chalkboard or white board, and IRIENCE, which provides security solutions based on iris scans. The latter was recently selected to participate in an eight-week startup incubating program facilitated by Korea Innovation Center, a Silicon Valley-based organization that makes creating technological and entrepreneurial partnerships between Korea and the United States a major part of its mission.

South Korea has been all over tech news sites lately, with companies making major inroads into cutting-edge technology such as bioprinting and nanotechnology. With so many tech startups flaring to life thanks to the support of organizations like the Gyeonggi Innovation Center, it’s a pretty sure bet the country will stay in the news for the foreseeable future.

 

Facebook Comments

Share this Article


Related Articles

Why Have Global Chemical Giants Jumped into 3D Printing Industry?

Inside 3D Printing Seoul has Become South Korea’s Largest Industrial Additive Manufacturing Event



Categories

3D Design

3D Printed Art

3D Printed Food

3D Printed Guns


You May Also Like

3D Printing News Briefs: March 9, 2019

We’re taking care of business first in today’s 3D Printing News Briefs, and then moving on to education. Optomec has announced two new additions to its LENS series, and CRP...

Sponsored

Techstars and Stanley Black & Decker remain laser-focused on finding game-changers in advanced manufacturing

Why industry leader, Stanley Black & Decker, & global investment firm, Techstars, are honing in on additive manufacturing and sustainable solutions in 2019: In 2018, Techstars and Stanley Black &...

OsseoPrint 3D Wins AMS Startup Competition with Patient-Specific, 3D Printed Bone Scaffold Platform

The second annual Additive Manufacturing Strategies summit, co-hosted by 3DPrint.com and SmarTech Markets Publishing, took place this week in Boston. In addition to more speakers, this year’s event branched out...

3D Printing News Briefs: November 3, 2018

In this month’s first edition of 3D Printing News Briefs, we’re starting again with news about formnext, before moving on to other business news, a medical story, and a case...


Training


Shop

View our broad assortment of in house and third party products.


Print Services

Subscribe To Our Newsletter

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our 3DPrint.com.

You have Successfully Subscribed!