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Marine New Industry Leadership Initiative Discovery and Development Support Program Opens Second Call for Proposals

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Busan Metropolitan City (Mayor Park Heong-joon) and the Busan Institute of Science and Technology Promotion (BISTEP) (President Kim Young-bu, hereinafter "BISTEP") announced that they will launch the second call for proposals under the Marine New Industry Leadership Initiative Discovery and Development Support Program from tomorrow (June 26) through July 16.

The program is overseen by Busan Metropolitan City, while BISTEP is responsible for its implementation. In the first call held in May, eight planning and demonstration research projects were selected for support.

The Marine New Industry Leadership Initiative Discovery and Development Support Program is being implemented as part of the New Maritime Capital strategy to transform Busan into a leading global maritime city.

Building on Busan's strengths as Korea's maritime capital, with globally competitive maritime clusters and industries, the program aims to strengthen cooperation among industry, academia, research institutes, and government, creating a virtuous industrial ecosystem where businesses and talent can grow together.

Based on the Policy Study for Establishing the Busan Marine New Industry Leadership Strategy, this call is organized into Designated Projects and Open Projects (General Projects and Strategic Projects) in alignment with Busan's marine new industry classification and strategic priorities.

The six key sectors identified through the policy study are Marine Mobility and Equipment, Marine Finance, Smart Port Services, Blue Food and Bio, Marine Energy and Environment, and Marine Leisure and Tourism. Planning research will be supported in the core strategic areas of each sector.

Through this call, Busan Metropolitan City plans to identify seven additional project planning proposals and provide research funding of approximately KRW 35 million to KRW 40 million for each selected project.

Final recipients will be selected through an evaluation process scheduled for July.

Researchers and experts from industry, academia, research institutes, and government with innovative ideas in the field of marine new industries are eligible to apply.

Applicants should prepare the required documents in accordance with the announcement available on the BISTEP website (www.bistep.re.kr) and submit them by email to research@bistep.re.kr no later than July 16.

Further details are available on the BISTEP website or by contacting BISTEP at +82-51-795-5051, 5052, or 5058.

Busan Metropolitan City plans to develop the marine and future technology convergence projects identified through this call into proposals suitable for submission to central government ministries, proactively respond to national R&D calls, attract national projects to Busan, and strengthen the regional industrial base.

Cho Young-tae, Director General of the Marine and Fisheries Bureau at Busan Metropolitan City, said, "We are implementing the Marine New Industry Leadership Initiative Discovery and Development Support Program to help Busan emerge as a leading global maritime city driving advanced new industries. We look forward to the active interest and participation of researchers and experts from industry, academia, research institutes, and government so that game-changing projects in the marine industry can take root in Busan, Korea's maritime capital."