Incheon City, South Korea, is focusing on customized support for companies to foster leading software (SW) companies in the jurisdiction, in line with its promotion strategy to create Incheon as a blockchain hub city. This move is part of the city’s efforts to pre-emptively respond to new technologies such as blockchain and artificial intelligence (AI) and meet the increasing demand for these fields.

Recently, Incheon City announced that three local companies had been selected for the ‘2023 Regional Leading Business Commercialization Support Project,’ a public contest by the Ministry of Science and ICT. The three companies selected are Mondrian AI, JNP Medi, and D35 Co., Ltd. All three companies were chosen through a contest for innovative technologies such as blockchain and artificial intelligence (AI) held by Incheon City prior to participating in the government contest.

The contest project aims to foster software (SW) companies in regions with research and development capabilities and growth potential, providing them with various autonomous support services tailored to their needs to become leading companies with core competencies. The government has secured 576 million won to support these companies, with the total project cost being 1.152 billion won.

Incheon City and the Incheon Technopark Software (SW) Industry Promotion Agency will develop various high-growth programs to nurture these companies into leading firms. These programs will be tailored to the needs of the companies, including technological advancement, domestic and international marketing, testing, technology/management consulting, investment attraction, and internship linkage.

Lee Nam-joo, director of the Future Industry Bureau, said, “I hope that Incheon City’s customized support will contribute to the growth and sales of local companies.” The city is promoting various business support projects to foster future leading companies, such as the Rising Star program, open innovation, scale-up, and fund creation.

In conclusion, Incheon City’s focus on customized support for leading software (SW) companies shows its commitment to becoming a blockchain hub city. With the increasing demand for blockchain and artificial intelligence (AI), the city’s efforts to pre-emptively respond to new technologies will be key in fostering local companies to become leading firms in the future.

#Incheon #korea #crypto2023 #blockchain #azcoinnews

This article was republished from azcoinnews.com