Techvalley was selected as an Advanced Technology Center(ATC) and supported by the Ministry of Trade, Industry and Energy (Minister Lee Chang-yang) to foster small and medium-sized companies with corporate-affiliated research institutes as key players in corporate growth and industrial innovation.

Accordingly, on July 5, 2023, at the El Tower in Yangjae-dong, Seoul, Lee Min-woo (Industrial Technology Convergence Policy Officer of the Ministry of Trade) and Director of Korea Evaluation Institute of Industrial Technology and Hwang Jun-hyun (Director of the Advanced Technology Center Association), and about 100 representatives and officials of selected companies attended the awarding ceremony for the designation of the Advanced Technology Center (ATC), Park Chin-Kun, Executive Director of Techvalley, attended and received the designation.

Selected companies will receive KRW 90 billion for 4 years to develop innovative products and services in future strategic industries such as smart manufacturing, energy and environment.

Techvalley, designated as the Advanced Technology Center (ATC), will continue its efforts for technological innovation and reward excellent results.