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Busan Metropolitan City Launches Public Call for “Marine New Industry Leading Sector Discovery and Fostering Support Project”

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Busan Metropolitan City (Mayor Park Heong-joon), together with the Busan Institute of Science and Technology Promotion (BISTEP) (President Kim Young-bu, hereinafter “BISTEP”), announced that it will conduct a public call for new support projects under the “Marine New Industry Leading Sector Discovery and Fostering Support Project” from April 17 to May 7.

The project is overseen by Busan Metropolitan City and implemented exclusively by BISTEP.

This project is being promoted as part of the “New Ocean Capital” strategy to propel Busan into a global leading maritime city.

Building on the potential of Busan as a “marine capital” with global competitiveness in areas such as marine cooperation districts (clusters), the initiative aims to strengthen industry–academia–research–government collaboration and establish a virtuous industrial ecosystem in which companies and talent grow together.

This call is conducted based on the “Busan-type Marine New Industry Leading Strategy Establishment Policy Research” and is divided into two areas: marine new industry planning support and business model demonstration support.

The six major sectors of Busan-type marine new industries derived from the policy research are marine mobility equipment, marine finance, smart port services, blue food and bio, marine energy and environment, and marine leisure tourism. Planning research and demonstration projects will be supported focusing on key strategic areas within each sector.

A total of 12 new planning projects and 1 demonstration pilot project will be selected. Planning projects will receive research funding of approximately KRW 40 million to 70 million to support project development, while the demonstration pilot project will receive up to KRW 300 million.

The City plans to complete project evaluations in May and select final beneficiaries.

Researchers and experts from industry, academia, research institutes, and government with creative ideas in the marine new industry field are eligible to participate.

Applications must be prepared in accordance with the guidelines posted on the BISTEP website (www.bistep.re.kr) and submitted via email (research@bistep.re.kr) by May 7.

For further details, applicants may refer to the official notice or contact BISTEP.

Busan Metropolitan City plans to pre-plan marine future technology convergence projects identified through this call to a level suitable for submission to central government ministries, proactively respond to national R&D project calls, and strengthen the regional industrial foundation by attracting national projects to Busan.

Cho Young-tae, Director General of the Marine and Fisheries Bureau of Busan Metropolitan City, stated, “We are promoting the Marine New Industry Leading Sector Discovery and Fostering Support Project to enable Busan to leap forward as a global leading maritime city driving advanced new industries. We ask for active interest and participation from researchers across industry, academia, research institutes, and government so that game-changing projects in the marine industry can take root in Busan.”