Cheonan City Hosts 'Synergy Innovation' to Foster Startups

Open Innovation and Investment Attraction Explanation for Linking Startups and Large Corporations

Cheonan City, Chungnam, will hold 'Synergy Innovation' in the city hall's main conference room on the 25th.

Public, private, and academic sectors join hands to foster startups in the Cheonan area of Chungnam.

Cheonan City will hold the ‘Synergy Innovation’ event on the 25th at the city hall’s main conference room.

Hosted by Cheonan City and co-organized by five startup support organizations?Cheonan Science and Industry Promotion Agency, Chungnam Information & Culture Industry Promotion Agency, Hoseo University, Korea Automotive Technology Institute, and Chungnam Creative Economy Innovation Center?this event aims to promote mutual growth and cooperation among companies and support startup investment attraction and market development.

The event will feature open innovation between startups and large and medium-sized enterprises to revitalize the startup ecosystem, an investment attraction briefing (IR) for promising local startups, startup product exhibitions and demonstrations, and on-site investment consultation booths.

Open innovation will involve 15 large and medium-sized companies across 10 sectors collaborating technologically with local startups, while the investment attraction briefing (IR) will support 11 startups in presenting their business plans to over 20 startup accelerators (AC) and venture capitalists (VC) from Seoul and the metropolitan area.

Additionally, from the 25th to the 28th, the city hall lobby will host startup product exhibitions and demonstrations open to the public, providing opportunities for startups who visit without prior reservation to meet with investors.

Mayor Park Sang-don stated, “Many local startups are eager to collaborate technologically with large and medium-sized enterprises, but there are few opportunities for communication. Through this Synergy Innovation event, I hope active communication and mutual cooperation among companies will be beneficial to all.”