Samsung Electronics’ C-Lab Outside Gyeongbuk & Gyeongbuk Creative Economical Innovation Center Gyeongsan Branch opened in YU.

Invitation of Samsung Electronics’ C-Lab Outside in the college campus for the 1st time in the country … Foundation to activate Youth Startup

Activation of local economy by seeking and cultivating excellent venture and startup … Rise as a Venture/Startup Mecca

[April 13, 2023]

YU (President CHOI Oe-chool) rises as the mecca of venture enterprises and startup.

Samsung Electronics’ C-Lab Outside Gyeongbuk opened in YU Campus on the 13th. C-Lab Outside is an excellent startup cultivation & support program that has been operated by Samsung Electronics since 2018.

Especially, YU is the first case that Samsung Electronics’ C-Lab Outside is installed in a college campus.The performances of education and researches of YU and the industry-academy cooperation network and knowhow of YU were externally recognized.Therefore, YU is expected to play the role of the hub of venture startup ecosystem as well as local talent cultivation.

Five enterprises were selected as the subjects for concentrated cultivation for “Samsung Electronics’ C-Lab Outside Gyeongbuk” and will move. Selected enterprises will be supplied with raising spaces and Accelerating (startup enterprise investment and growth supporting) Program of Samsung Electronics. As raising spaces are provided for startup enterprises in the university, contribution will be made in activation of local startup and creation of new jobs and growth supporting and raising foundation will be provided for startup enterprises by forming startup clusters of industry, academy, research, and government.

<(From the left) Governor LEE Cheol-woo of Gyeongsangbuk-do, President PARK Seung-hee of Samsung Electronics, Mayor JO Hyeon-il of Gyeongsan-si, President CHOI Oe-chool of YU, and Director LEE Moon-rak of Gyeongbuk Creative Economy Innovation Center are hearing explanation from the staff of moved enterprises of Samsung Electronics’ C-Lab Outside Gyeongbuk.>

At 3:00 pm on the 13th, opening ceremony of Gyeongbuk Creative Economy Innovation Center Gyeongsan Branch was held together with Samsung Electronics’ C-Lab Outside Gyeongbuk in YU. In the opening ceremony, President CHOI Oe-chool of YU, Governor LEE Cheol-woo of Gyeongsangbuk-do, President PARK Seung-hee of Samsung Electronics, Director LEE Moon-rak of Gyeongbuk Creative Economy Innovation Center, Mayor JO Hyeon-il of Gyeongsan-si, Chairman BAE Han-cheol of Gyeongsangbuk-do Council, and Chairman WON Yeong-jun of Daegu/Gyeongbuk Small and Medium Venture Business Administration, etc. presented.

Gyeongbuk Creative Economy Innovation Center Gyeongsan Branch was established to provide the base for startup training and to construct cooperation system with related organizations in order to activate startup ecosystem.Hopeful small and medium venture enterprises will be sought for and cultivated by providing startup-related education, mentoring, and business support service including enforcement of startup capability and preliminary startup packages based on the education and research infrastructure possessed by YU.

President CHOI Oe-chool said, “Youth startup boom is made and foundation for excellent-technology enterprises to grow up is provided in YU Campus.Excellent education and research capability of YU and systematic support by Samsung Electronics having world-best technology will lead innovative growth of local enterprises. YU  will make active support so that venture enterprises and startup may grow to be the 2nd and the 3rd Samsung Electronics, lead Korean economy, and launch business in global market.”

<YU, Gyeongsangbuk-do, Samsung Electronics, and Gyeongbuk Creative Economy Innovation Center concluded a 4-party business cooperation agreement to support venture enterprises and to seek for startup.>

(From the left, Director LEE Moon-rak of Gyeongbuk Creative Economy Innovation Center, Governor LEE Cheol-woo of Gyeongsangbuk-do, President PARK Seung-hee of Samsung Electronics, and Governor LEE Cheol-woo of Gyeongsangbuk-do>

In the opening ceremony, YU concluded a 4-party business cooperation agreement with Gyeongsangbuk-do, Samsung Electronics, and Gyeongbuk Creative Economy Innovation Center. According to the agreement, YU and Gyeongbuk Creative Economy Innovation Center will seek for and support local venture enterprises in health care, robot, and material/part areas using human and material infrastructure of each organization and Samsung Electronics will operate a local material venture/startup seeking and cultivation program through C-Lab Outside Gyeongbuk. Gyeongsangbuk-do will make administrative/financial support for local hopeful enterprises.