Incheon Free Economic Zone’s 'Boom Up Festival' Lays Foundation for Global Startup City
The Incheon Free Economic Zone (IFEZ) successfully hosted the 'Boom Up Festival 2024' on the 27th at Incheon Startup Park, with about 500 key partners including domestic and international startups, investors, and universities in attendance.
Now in its fourth year, the Boom Up Festival is a flagship networking program organized by IFEZ and Incheon Technopark. It's designed to share startup achievements and facilitate practical business connections and networking opportunities.
IFEZ plans to foster this global startup ecosystem to enable promising startups to launch in Incheon and grow into unicorn companies.
Incheon City Selects 7 Tourist Souvenirs to Represent Incheon, Including Baengnyeongdo Specialties
Seven tourist souvenirs have been selected to represent Incheon.
The competition received 23 entries from 14 companies, featuring handicrafts, manufactured goods, processed and functional foods, and local specialties that incorporate Incheon's regional characteristics, city brand, and mascots. Through evaluation, a total of 7 winning entries were selected, including Grand Prize (1), Excellence Award (1), Merit Award (1), and Encouragement Awards (4).
The winners of the Grand Prize, Excellence Award, and Merit Award will receive certificates from the Mayor of Incheon Metropolitan City along with prize money of 3 million won, 2 million won, and 1 million won respectively. The Encouragement Award winners will receive certificates from the President of the Incheon Tourism Association and 500,000 won each in prize money.
Moving forward, the top three entrants will receive expert consulting for product improvement. To boost sales of all winning entries, the Incheon Tourism Organization will provide promotional and marketing support. The products will also be displayed and sold at Incheon Tourist Information Centers.
Incheon City and University of Utah Strengthen Cooperation in Bio Industry: "Supporting Businesses"
Incheon City has signed a MOU with the University of Utah to strengthen cooperation in the biotech sector.
This agreement was established to enhance the international competitiveness of Incheon's bio industry and to support Incheon-based biotech companies in entering the U.S. market.
The University of Utah has extensive experience in drug approval processes and investment attraction for U.S. biotech companies. The city expects this collaboration to greatly assist Incheon's biotech firms in expanding into the global market.
Incheon City Achieves Above-Average Performance in Welfare Services Nationwide
Incheon City has shown performance exceeding the national average in the Ministry of Health and Welfare's "2023 Outreach Health and Welfare Services" implementation results.
In 2023, Incheon City's average performance in connecting and providing public-private welfare services was 1,639 cases per town/township/district, which is 18% higher than the national average of 1,384 cases.
This achievement is the result of Incheon City's systematic operation of a human safety net of about 12,000 people, including honorary social welfare officials, community social security councils, and citizen support groups. Through these efforts, the city has been able to identify and actively support neighbors in need at an early stage.
Sources: https://news.ifm.kr
