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Busan City Launches 2nd Public Offering for the “Marine New Industry Leading Field Discovery and Promotion Support Project”

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The Busan Metropolitan City (Mayor Park Heong-joon) and the Busan Institute of Science & Technology and Higher Education Promotion (President Kim Young-boo, hereinafter “the Institute”) announced that the second public offering of the “Marine New Industry Leading Field Discovery and Promotion Support Project” will be conducted through June 26.

The project is managed by the City and operated by the Institute.

The first public offering was conducted in March, through which four planning and pilot research projects were selected and are currently being supported.

This project is part of the “New Marine Capital Strategy,” a blueprint for establishing Busan as a global marine industry leader.

This strategy seeks to harness Busan’s world-class competitiveness in the marine field—through initiatives such as marine cooperation zones and clusters—and to build a virtuous cycle where academia, industry, research, and government collaborate organically. The goal is to create new career paths favored by youth and foster mutual growth between businesses and talent.

The City aims to proactively invest in convergent future marine technologies and industries to secure regional growth engines and attract central government policy projects to Busan for national-scale implementation.

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Details of the Public Offering

The call for proposals is divided into two tracks:

• 1.Policy Research to establish a strategic roadmap for Busan’s marine new industry

• 2.R&D Planning Support to foster innovation in marine convergence industries

Policy Research Track:

• ●Develop marine industry strategies tailored to Busan’s key marine infrastructure and characteristics

• ●Establish a marine new industry economic belt and propose sustainable growth strategies

• ●Maximum funding: KRW 300 million per project

• ●Research duration: up to 10 months

• ●Output: Policy research report (summary and full text within 10 pages), presentation materials, and database

R&D Planning Support Track:

• ●Includes both designated and open-topic calls

• ●Designated topics: Detailed planning for pre-selected marine mobility projects

• ●Open topics: New business ideas in six convergence sectors—marine transport, ports, logistics, fisheries, food, and bio

• ●Funding: Approximately KRW 40–50 million per project

• ●Planning duration: up to 6 months

• ●Output: Planning report (up to 150 pages)

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Eligibility

• ●Policy Research: Open to consortia led by specialized marine policy research institutions. Universities and companies may participate as collaborators.

• ●R&D Planning: Open to groups of up to 10 experts from academia, research institutes, industry, and government. Lead institutions must be based in Busan. Participating institutions may include companies and out-of-region universities or institutes.

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Submission & Contact

Applicants must complete the application form available on the Institute’s website (www.bistep.re.kr) and submit it via email (jhwon@bistep.re.kr or twosky1@bistep.re.kr) by June 26.

For inquiries, contact the Institute at ☎ 051-795-5044 or 051-795-5058.

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Shim Seong-tae, Director of Busan’s Oceans, Agriculture and Fisheries Bureau, stated,

“To realize Busan’s leap forward as a global leader in cutting-edge marine industries, we launched this support project for the first time this year. We hope this initiative will serve as a springboard for game-changing projects in the marine industry to take root in Busan.”

He added,

“As with the first round, we encourage active participation from researchers in academia, industry, and research organizations.”