GBIP South Korea - Immersive Tech
Join us at our Immersive Technology briefing event and learn more about the benefits of the Global Business Innovation Programme, opportunities to make connections with South Korean partners and expand your business overseas.
Hear from the GBIP team about the three phased programme and what you can expect. Gain an understanding of the South Korean immersive tech sector and the opportunities for technology collaboration.
Briefing Event – 19 January 2022
Deadline to Apply - 16 February 2022
Pre-visit Workshop - 9 May 2022
Visit - 11 - 18 June 2022
WHY SOUTH KOREA
South Korea is an emerging key player in the metaverse, spring boarding from its strong gaming industry and popular culture content. President Moon Jae-in’s Digital New Deal 2.0 has pledged up to 30 billion won ($26 million) in 2022 to support the industry.
The “metaverse alliance” created in May 2021 to coordinate and facilitate the development of virtual and augmented reality platforms now boasts 600 companies including Samsung, Hyundai Motors, SK Telecom, and KT.
Seoul Metropolitan Government (SMG) recently announced the Seoul Vision 2030 plan to create a virtual communication ecosystem for all areas of its municipal administration, making it the first major city to enter the metaverse.
With a government leading the way toward public-private technological innovation partnerships and focusing greater investment into SME’s and international collaboration, this market offers significant opportunity for ambitious UK digital creative tech companies.
FOCUS THEMES AND KEY TECHNOLOGIES
- Haptics, Sonics and other Sensory Interfaces
- Advanced Visualisation and Display Technologies
- AI & 5G
- Real time and associated production technologies
These technologies have been the focus of Innovate UK’s Audience of the Future challenge and will transform how we experience the world. Internationally, Audience of the Future represents one of the largest targeted research and innovation programmes in immersive technology and experiences.
To participate in the programme you must be a UK registered company employing less than 500 employees (250 in Northern Ireland).