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Seoul City Government to foster IT venture companies that solve urban problems
Updated: 2020-07-07 17:07:07 KST
The city of Seoul has opened a new hub for IT start-ups specifically, start-ups that could help solve urban problems like health, security, the environment and infectious diseases.
The facility is in the district of Seongsu.
Up to 25 start-ups will be able to move in after an evaluation.
They can stay for up to two years, paying monthly rent of just five dollars a square meter.
There's also space for mobile test beds and for investors who want to support businesses that have a positive impact on society.
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