'The 4th ICT Business Model Idea Competition' Held

The "4th Information and Communication Technology (ICT) Business Model Idea Competition" will be held until the 20th of next month.

Co-hosted by the Busan Information Industry Promotion Agency, Ulsan Information Industry Promotion Agency, Gyeongnam Technopark, and Korea Information and Communication Promotion Association, this competition aims to spread digital new technologies and foster innovation-driven entrepreneurial talent. The competition is open to students from the Busan, Ulsan, and Gyeongnam regions, ICT Innovation Square trainees, entrepreneurs, and the general public.

The contest categories involve planning business model ideas utilizing digital new technologies such as artificial intelligence, blockchain, data, Internet of Things (IoT), and networks. Participants can enter in either the general or student divisions. To enhance participants' capabilities, online briefings and mentoring by experts in related fields will be provided. Outstanding winners will be granted patent application support and the right to participate in the nationwide competition at the end of the year.

Winners will be selected through a first-round document screening and a second-round presentation evaluation. A total of 22 awards and prize money worth approximately 20 million KRW will be given.