SEOUL, Korea, July 25 (Korea Bizwire) – A global tech startup support center that would help new ventures seek the global market from the beginning will be established next month. In September this year, a company specializing in startup planning and incubation will be open, followed by an investment fund targeting the software industry by the end of the year.
The Ministry of Science, ICT, and Future Planning said this on July 24 as part of the “2H 2013 Tasks to Pursue” plan. The plan encompasses four broad areas including creative-economy ecosystem creation, science and technology innovation, sophistication of info-tech industries, and strengthening of global leadership and people’s happiness.
The ministry will, for example, lend support to software developers through a software industry nurturing fund that invests in startups depending on their level of growth. It will also establish a software policy institute within the National IT Industry Promotion Agency by the year’s end and come up with new revenue-sharing standards between cable system operators and program providers as a way to encourage the development of the pay TV content industry.
In August, the ICT ministry will announce plans for M2M (or the Internet of things), cloud computing, and big data industries.