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13 September 2021, 09:01

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The developments of South Korean startups will be tested in Moscow, and graduates of the Moscow Accelerator will take part in programs in Seoul.

The Moscow Innovation Agency, subordinate to the Moscow Department of Entrepreneurship and Innovative Development, signed a strategic partnership agreement in Seoul with the South Korean state association Innobiz. The document assumes the implementation of joint projects and exchange of experience.

“Like our colleagues in the Republic of Korea, Moscow pays special attention to technological development and an ecosystem for innovators. Cooperation with the South Korean state association implies the exchange of experience and best practices, as well as joint programs for small and medium-sized innovative companies, ”she said.

Natalia Sergunina, Deputy Mayor of Moscow.

Developments of South Korean startups to be tested as part of the program pilot testing of innovations in Moscow… And graduates of the Moscow Accelerator project will take part in programs in Seoul.

“In less than two years of its existence, the Moscow Accelerator program has attracted more than 4.5 thousand applications for participation from technology startups from various industries. And the city program of pilot testing of innovations for the period from May 2020 to the present day made it possible to test their developments and solutions of 1.5 thousand enterprises. Receiving feedback, participants refine their products and take them to a new level, “- said the head of the Department of Entrepreneurship and Innovative Development of Moscow Alexey Fursin

The Innobiz Association has a unique certification and innovation assessment system for startups. Every tech startup in the Republic of Korea that expects to receive government support must first apply to the association for an opinion and be certified. Only then do small and medium-sized enterprises receive the requested assistance or service. Among the types of support – the possibility of pilot testing in an urban environment, subsidies, grants.

“A strategic partnership with Moscow, one of the most technologically advanced capitals of the world, is important for us. Excellent conditions have been created here for the development of technology start-ups, support measures and programs for multiple growth of business and production are provided, and the city itself is an example of a universal testing ground for piloting innovations. We would like to work together to focus on such broad challenges as shaping a technology-driven global ecosystem, creating jobs and developing innovative start-ups in our countries, ”said Im Byun-Hoon, Chairman of the Innobiz Association.

Project “Moscow accelerator”launched in November 2019. It is implemented by the Moscow Innovation Agency and the Moscow Innovation Cluster with the support of the Moscow Department of Entrepreneurship and Innovative Development, as well as the business community.

The Innobiz Association was founded in the Republic of Korea in 2002. It brings together 19.5 thousand technology startups from all over the country and creates conditions for their sustainable growth.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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