On November 16 this year, a delegation consisting of representatives of the Ministry of Innovative Development and the Ministry of Finance of the Republic of Uzbekistan visited the Jeonbuk Technology Holdings organization in Jeonbuk, South Korea. From the Ministry of Innovative Development, the meeting was attended by Executive Director of the Fund for Financing Science and Innovation Support Bunyodjon Okhunov, Head of the Department for Attracting Investments in Science and Innovation Umidjon Khoshimov and Chief Specialist Farkhodjon Kudratov, as well as Head of the Regional Department of Innovative Development of Surkhandarya region Sherkhon Kichkilov.

Jeonbuk Technology Holdings is a university-oriented regional technology holding company established with 5 universities (Jeonbuk National University, Jeonju University, Kunsan National University, Wonkwang University and Wusuk University) in Jeonbuk Province. The parties discussed the role of legislation in the relationship between industrial enterprises, the scientific community and innovative companies.

Jeonbuk Technology Holdings Director of Strategic Development Chae Kyong Seok emphasized that their company promotes the development of enterprises through technological, managerial, market and financial support based on the discovery of advanced technologies possessed by universities and research centers and developments in the province, while promoting direct technology commercialization.

Representatives of Jeonbuk Technology Holdings shared their experience of support mechanisms for start-ups, small and medium-sized businesses, the conditions for selection for financing, as well as investing in enterprises at an early stage.