On April 23, 2024, the Graduate School of Business and Entrepreneurship, with the support of the Korea International Cooperation Agency (KOICA), hosted a practical seminar on the topic “Supporting startup initiatives of universities. Experience of the Republic of Korea”.

The seminar featured speakers Professor Sung Hyun Cho from the Korea Institute for Startup and Entrepreneurship Development (KISED) and Professor Soo Chang-Soo from Sunchunghyaang University.

Additionally, more than 20 representatives from various government organizations and universities in Uzbekistan participated in the event.

The seminar aimed to enhance the operations of technology parks, innovation centers, entrepreneurship centers, business incubators, and accelerators established at higher education institutions.

In many foreign countries, including the Republic of Korea, student engagement with higher education institutions in the field of innovative entrepreneurship is widely practiced.

In this context, significant emphasis is placed on students and young scientists implementing business projects at universities. 

Simultaneously, the significance of technologies and innovative developments originating from universities for economic growth is steadily increasing. 

Additionally, fostering the growth of innovative small and medium-sized enterprises (SMEs) is crucial.

During the seminar, Professor Sung Hyun Cho delivered a presentation on the Republic of Korea’s experience in developing startup initiatives, fostering a startup culture, and supporting young entrepreneurs. 

Besides, he highlighted the pivotal role that universities and higher education institutions play in this endeavor.

The event also explored the successful history of startup development within Korean universities, emphasizing how universities actively encourage student-led startup projects. 

Furthermore, the impact of these startup initiatives on the country’s overall economic growth was discussed.

The Korean expert provided an in-depth overview of Korea’s startup support system and explored the potential for implementing similar practices in other nations.

During the seminar, represantatives of the Center for Cooperation with Business Incubators and Startup Projects delivered the presentation on the topic "University Startups in Uzbekistan". 

Participants received comprehensive information about ongoing efforts in innovative entrepreneurship, existing legislation, and the opportunities for fostering startup initiatives within the country’s higher education institutions.

Simultaneously, participants emphasized the necessity of establishing effective collaboration between higher education institutions and industries. 

This involves attracting private sector investment for startup projects and creating a platform that facilitates interaction among startup ecosystem participants and initiators.

At the end of the seminar, participants engaged in exchanging opinions and shared their experiences with Korean experts regarding the development of university-based startup initiatives within the country.