Jungnang Startup Support Center (12 above-ground floors) breaks ground

Jungnang-gu held a groundbreaking ceremony Thursday for the Jungnang Startup Support Center complex project, kicking off construction of a facility designed to build a local startup ecosystem and secure new engines of growth for the district.

The center, to be built on a site in Sinnae-dong, is a joint project between Jungnang-gu and the Seoul Housing & Communities Corp. (SH Corp.). A total of 75.5 billion won ($55.7 million) will be invested in the two-below-ground, 12-above-ground-floor structure, with completion targeted for the second half of 2028.

The center is designed as a startup-focused mixed-use facility where young entrepreneurs can grow their businesses and investors and local residents can interact. By housing startup support functions and community amenities under one roof, it will serve as a hub for nurturing startups and supporting business activity in the area.

The center will also share industrial infrastructure with nearby knowledge industry centers, including Sinnae Daesiang Plex and SK Group's V1 Center, to facilitate inter-company exchange and cooperation. Jungnang-gu plans to develop the area around the Sinnae IC into a key industrial innovation cluster for northeastern Seoul, with the new center at its core.

The district currently operates an existing startup support center on the sixth floor of the SK Group V1 Center, where 48 companies have moved in and receive tailored support. Even after the new facility opens, the district plans to keep the existing space running to continue supporting startups and further expand its startup support capacity.

"I hope the Jungnang Startup Support Center becomes a launchpad where young people with innovative ideas can pursue their dreams and grow right here in Jungnang," District Mayor Ryu Gyeong-gi said. "We will build this combined startup and community facility safely and without delay, and work toward making Jungnang a vibrant economic hub."