○ Gyeonggi Province promotes project to renew Start-up Campus incubation space as Gyeonggido Start-up Hub
– Creation of community-formed start-up incubation space based on diversity and inclusiveness regardless of age, educational background, or gender
– New start-up incubation space reflecting start-up life cycle (preparation-launch-growth) to be created

The representive start-up hub of Gyeonggi Province, the Start-up Campus, will be reborn as a more effective start-up space in March next year.

On the afternoon of October 14, Gyeonggi Province held the Execution Briefing for the Pangyo Start-up Campus Renewal Plan at the Start-up Campus and shared various perspectives on space composition.

Since its establishment in March of 2016 in the Pangyo Techno Valley of Seongnam City, the Start-up Campus has served as a central start-up hub in Gyeonggi Province, helping future entrepreneurs develop their own businesses and products, attract investors, expand into overseas markets, and more.

However, in response to the rapidly changing start-up environment, there have been persistent calls for the functions of the Start-up Campus to be reinforced beyond the simple provision of start-up education to include the nurturing of start-ups so they can become potential global businesses.

Through the renewal, Gyeonggi plans to transform the space into a start-up hub that connects various start-up incubation facilities located throughout the province. In addition, the province plans to secure as much space as possible for start-up incubation so as to provide opportunities for a greater number of start-ups.

Of particular note, Gyeonggi Province plans to form a multifaceted community that is open to anyone who wishes to realize their dream of starting a business, regardless of age, gender, or educational background. To this end, a space exclusively for prospective female entrepreneurs will be created as well as an incubation space for start-ups targeting international markets.

In addition, a number of walls and partitions will be removed from the current structure to create a more open area in which start-ups can interact and cooperate more freely.

Considering the life cycle of start-ups (i.e. preparation, launch, and growth stages), the first floor will be used as a networking space, the second floor for training and education, the third floor as a training and education space for start-ups in the pre-launch stage, the fourth floor as a support space, the fifth floor as a training and education space for start-ups in the growth phase, and finally the eighth floor will be used as a training and education space for start-ups seeking to enter global markets.

Gyeonggi Province plans to complete the renewal by March 2020. It will also establish a start-up support system encompassing online and offline services in connection with the Gyeonggi Start-up Platform, an online platform that will open this November.

A representative of Gyeonggi Province said, “Renovating the space will lead to the activation of cooperation and communication between start-ups and to more creative ideas. We will strive to make the Start-up Campus a playground for start-ups where they can work and have fun at the same time.”