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Changwon Industry Promotion Agency Hosts IR Evaluation Awards Ceremony for the 3rd ChangChang (Defense Industry) Technology Startup Academy

[Bridge Economy 2024]

On the 4th, the Changwon Industry Promotion Agency held the IR Evaluation Awards Ceremony for the 3rd ChangChang (Defense Industry) Technology Startup Academy at the seminar hall of the Changwon Startup Support Center. The event was attended by prospective and early-stage technology entrepreneurs, as well as representatives from startup support organizations.

The 3rd ChangChang (Defense Industry) Technology Startup Academy is an intensive training program designed to strengthen practical capabilities and support the commercialization of outstanding ideas. It targets prospective startups (teams) and technology startups with less than one year of operating history in the Changwon area that possess innovative ideas based on future industries, including the defense sector. The program is hosted by Changwon Special City and the Defense Technology Promotion Research Institute, and organized by the Changwon Industry Promotion Agency and the Changwon Startup Support Center.

On June 27, a total of 25 teams that had participated in weekly foundational startup education from April to June—spanning three months—delivered IR presentations. Following the evaluations, 15 outstanding startup teams were selected and received awards along with commercialization funding.

Yoo Kwang-jun, CEO of Irenic, said,

“Although we launched our startup in Changwon—the hub of the defense industry—rather than Seoul, with just a single technology, this program helped us concretize our ideas. Many investors are now showing interest, and we are grateful that the program has provided a clearer growth path amid the uncertainties faced by startups.”

Lim Jae-bong, Acting Director of the Changwon Industry Promotion Agency, stated,

“As the defense industry is one of Changwon’s core strategic industries, we will continue to actively support technology entrepreneurs here so they can successfully enter and grow within the defense industry market.”

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