Gyeonggi Center Recruiting 200 Companies for Startup Space in 2nd Pangyo

Gyeonggi Province is recruiting 200 companies to move into the "Gyeonggi Startup Bridge," which is being established in the 2nd Pangyo Techno Valley as a hub for startup growth, until July 29.

The Gyeonggi Startup Bridge is a public-private partnership startup incubation space created through the collaboration of Gyeonggi Province, the Gyeonggi Center for Economic Science and Technology Advancement, and private companies.

Located in Building E, G2 Block, 2nd Pangyo Techno Valley, Seongnam, the facility spans 5,787 square meters and is equipped with dedicated office spaces, meeting rooms, training rooms, and other shared facilities.

Private companies such as Soulbrain Co., Ltd. (materials, parts, and equipment), Cosmecca Korea Co., Ltd. (beauty), and HFR Inc. (telecommunications) are providing office space and expertise free of charge, while the public sector is supporting startup growth through policy initiatives.

Eligible applicants include aspiring entrepreneurs, general startups established within the past seven years, and startups in new industries established within the past ten years.

Poster for Gyeonggi Startup Bridge Tenant Recruitment by Gyeonggi Center for Economic Science and Technology Advancement

Tenant companies will begin moving in sequentially starting in September and will receive a variety of growth support benefits based on public-private cooperation.

Planned support includes free rent, provision of dedicated office space and infrastructure, opportunities for collaboration and networking with large and mid-sized companies, various exchange opportunities such as seminars, and startup investment and growth programs.

Gyeonggi Province plans to use this project to develop the 2nd Pangyo area into Korea's Silicon Valley and to establish the nation's first public-private partnership startup hub model, with the goal of expanding it throughout the province.

Kim Hyungon, President of the Gyeonggi Center for Economic Science and Technology Advancement, stated, "Through the Gyeonggi Startup Bridge, the nation's first startup hub jointly created by the public and private sectors, we will focus on supporting the growth of promising startups in the province. We will do our utmost to ensure that companies nurtured in this space can leap onto the global stage and become future leaders of Korea's economy."