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Industry

R&D special zones finalise five-year blueprint to advance into glocal innovation cluster

South Korea\'s Ministry of Science and ICT finalised its Fifth Comprehensive Plan for Fostering R&D Special Zones for 2026 to 2030 after deliberation and approval by the R&D Special Zones Committee. The statutory plan applies to all zones and sets a vision of a “glocal innovation cluster” linking regions and the world. It outlines three policy tasks and 10 sub-tasks, including support for deeptech startups, new funds, an AI-based commercialisation platform and a growth pathway across zones.

Industry

MSIT to step up support for deep tech startups with new R&D special zone fund

South Korea’s Ministry of Science and ICT and the Innopolis Foundation said on Feb. 26 they will create a new R&D Special Zone Fund to support the creation and growth of deep tech companies in R&D special zones. They will first launch a 20 billion won fund in 2026 focused on early-stage deep tech startups and extend fund operations to 10 to 12 years. From 2027, they plan to form a 100 billion won scale-up fund.