(Photo 1) Handong Global University Techno-Business Incubator

Handong Global University (President Do-Soung Choi) Techno-Business Incubator announced that it was selected for the ‘2023 Regional Technology Entrepreneurship Support Project’ by the Ministry of SMEs and Startups. This project will form a Techno-Business Incubation (BI) consortium in the region with a total scale of 200 million won, and through this, discover and support excellent companies in the region's key industries to promote corporate scale-up.

Handong Global University Techno-Business Incubation, which was selected as the host organization, formed a consortium with POSTECH Holdings Co., Ltd., Pohang University, Uiduk University, Dongguk University WISE Campus, and Pohang Technopark (Foundation) for this project. It plans to vitalize the local startup ecosystem by intensively supporting excellent companies belonging to regional flagship businesses.

This consortium is different from other institutions in that it presented an 'investment-type business incubation model'. Beyond the general incubation function of the Techno-Business Incubator, it proposed an investment-type business incubation model with a virtuous cycle structure in which profits generated through direct investment and intensive fostering of promising companies are reinvested. Handong Global University Techno-Business Incubator supports companies through the consignment management company, Pohang Union Holdings Co., Ltd., of which Handong Global University Industry-Academic Cooperation Foundation is the largest shareholder. It is an industry-university cooperation technology holding company composed of investment and childcare experts and has been operating the Handong Global University Techno-Business Incubator on consignment since January this year.

Kang Lee, head of the Techno-Business Incubator at Handong Global University and CEO of Pohang Union Holdings Co., Ltd., said, “We will lay the foundation for fostering key industries in the region through the local technology startup fostering support project and do our best to support excellent companies for their scale-up.”

On the other hand, Pohang Union Holdings Co., Ltd. is an industry-university cooperation technology holding company invested by Handong University Industry-Academic Cooperation Foundation and Pohang Technopark (Foundation), which recently has embarked on a full-fledged move for investment and childcare, such as recruiting general manager An Seok-Hyun, who has accumulated experience in the technology holding company industry for many years.

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