Ministry of Oceans and Fisheries to Open One More Jeonbuk Venture Investment Center... Operating Seven Centers Next Year

"Expansion of Marine and Fisheries Venture Investment Center... Creation of New Jobs"

[Sejong=Asia Economy Reporter Moon Chaeseok] The Ministry of Oceans and Fisheries announced on the 7th that it will open one additional 'Marine and Fisheries Startup Investment Support Center' in Jeollabuk-do to support promising companies and prospective entrepreneurs in the marine and fisheries sector, operating a total of seven centers from next year.

The Jeonbuk Bio Convergence Industry Promotion Agency, designated as the center, was recognized for its experience in nurturing startups in the food industry. The Ministry of Oceans and Fisheries stated that this institution is expected to create synergy by linking with export activation support projects such as the Jeonju International Fermented Food Expo. Since its launch, the center has supported 1,170 companies and created a total of 5,647 jobs as a representative job creation project in the marine and fisheries sector.

Each center provides customized support suitable for each company's growth stage, including startup mentoring, prototype development, domestic and international market development, and acquisition of technology certifications. There have been 123 cases of successful startups through support from the centers.

The Ministry plans to establish centers in all coastal local governments by 2025. Additionally, it plans to strengthen specialized support projects so that regional centers can develop differentiated industrial competitiveness based on the strengths of their respective areas. Kim Jaecheol, Director of Fisheries Policy at the Ministry of Oceans and Fisheries, said, "We plan to expand centers nationwide to ensure there are no regional gaps in supporting marine and fisheries companies."