Moscow and Seoul will jointly develop startups. The Moscow Innovation Agency, the Korean Innobiz Association and the Korean Institute for Startup and Entrepreneurship Development have signed a memorandum to promote high-tech projects.

The document will be a continuation of "an agreement already signed in September with representatives of the business circles of South Korea," said Alexei Fursin, head of the Department of Entrepreneurship and Innovative Development of the city of Moscow.

The main points of interaction between the two capitals will be the pilot innovation testing program and the Moscow Accelerator. Within the framework of cooperation, we have already held rounds of pitch sessions, during which Korean and Russian companies presented their developments. Thus, representatives of South Korea were interested in Moscow solutions with artificial intelligence technology. At the same time, the Russian side launched a project on pilot testing in the urban environment of South Korean technological solutions in the field of IT, sports and retail.

Original (in Russian)