What Ulsan Technopark does

Ulsan Technopark (울산테크노파크) is a government-supported regional technology development organization founded in 2003 and headquartered at Jongga-ro 15, Jung-gu, Ulsan, South Korea. The organization operates as a multi-facility innovation platform for small and medium enterprises (SMEs) and startups in Ulsan's strategic industries, delivering technology development assistance, equipment access, business incubation, and workforce training programs under the oversight of the Ministry of Trade, Industry and Energy (MOTIE) and the Ministry of SMEs and Startups.

The organization's core offering is shared infrastructure across seven specialized facilities: the Technology Innovation Building, Fine Chemicals Research Institute, Automotive Parts Technology Research Institute, Ulsan General Business Center, Ulsan Green Car Technology Center, Automotive-Shipbuilding Technology Center, and the Hydrogen Fuel Cell Demonstration Center. Each center hosts dedicated testing equipment, laboratories, and tenant incubation space spanning automotive components, precision chemistry, secondary batteries, hydrogen fuel cells, renewable energy, future mobility, and smart manufacturing. Adjacent programs include the Korea Battery Academy (cell design, BMS, manufacturing), the Smart Factory Support Program (IoT, 5G, big data, cloud enablement for SME digitalization), the Knowledge Technology Startup Center, the Ulju-gun Senior Technology Startup Center, and the Ulsan Global Startup Academy. Partnerships with UNIST and Korea East-West Power extend technology transfer and energy transition programming.

The revenue model combines recurring facility rental income (office space at 13,650-19,950 won per 3.3 square meters per month and laboratory space at approximately 5,000 won per square meter plus facility usage fees) with channeling of government grants and competitive-bid program funding (e.g., a 49.5 billion won five-year naval MRO development award secured in April 2026 in consortium with Busan, South Gyeongsang, and South Jeolla). Go-to-market is sales-led through public notice tenant recruitment and direct program application rather than commercial channels. Customers are predominantly SMBs in automotive parts, fine chemicals, energy components, and secondary batteries, with secondary audiences including research institutions, universities, and regional government entities.

Name

Ulsan Technopark

Legal name

ULSAN TECHNOPARK

Website

https://utp.or.kr

Company type

Private

Founded year

2003

Operating status

Operating

Short description

Ulsan Technopark is a government-supported regional technology development organization in Ulsan, South Korea, operating seven specialized research and incubation facilities that deliver shared equipment, testing, training, and incubation services to SMEs, startups, and research institutions in automotive parts, fine chemicals, secondary batteries, hydrogen fuel cells, and smart manufacturing.

Ownership category

akta.pro rank

Product category

Industrial Technology Park Services

NAICS

Professional, Scientific, and Technical Services (54), Computer Systems Design and Related Services (54151), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (3345)

SIC

Services-Commercial Physical & Biological Research (8731), Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Industrial IoT/Edge Electronics Manufacturing (Gateways, Edge Controllers) (IMAGAGAC)

akta.pro secondary industries

Emerging Tech & Specialized Computing (IoT, Edge, AR/VR, Blockchain, HPC) (EDABAFAO), Infrastructure, Networking & Systems Administration Training (BPAEANAJ)

Keywords

• Technology park services
• Business incubation
• Industrial R&D support
• SME equipment support
• Regional innovation hub

Headquarters

HQ city

Ulsan

HQ country

South Korea

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Facility Rental Income: Ulsan Technopark generates revenue through rental of office spaces, laboratories, and research facilities to tenant companies. Rental rates vary by facility type and size, with office space rates around 15,750 won per 3.3 square meters per month for standard offices, and laboratory rates around 5,000 won per square meter plus facility usage fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Ulsan Technopark provides shared research and development infrastructure, equipment testing access, business incubation, and technical training to small and medium enterprises and startups in Ulsan, South Korea. It operates seven specialized facilities covering automotive components, precision chemistry, hydrogen fuel cells, secondary batteries, green cars, and smart manufacturing, offering tenant companies office space, laboratories, prototyping equipment, and participation in government-supported industry development programs.

Product overview

Ulsan Technopark is a technology park organization that provides comprehensive support infrastructure for businesses in Ulsan, South Korea. The organization operates as a multi-faceted support platform rather than a single product company, offering equipment support services across five key technology areas: automobiles, precision chemistry, energy, maker spaces, and secondary batteries. It manages several specialized research facilities including the Hydrogen Fuel Cell Commercialization Center, Ulsan Green Car Technology Center, and Automotive-Ship Technology Building. Additionally, it operates startup incubation centers including the Knowledge Technology Startup Center and Ulju-gun Senior Technology Startup Center, along with education and training programs through partnerships with institutions like Korea Battery Academy. The organization also provides smart manufacturing support programs to help SMEs digitalize their production facilities.

Differentiator

Problem solved

Functional benefit

Brands

• U-IN1: Information sharing platform for support business and industry information

Products and services

• Office and Laboratory Space Rental Monthly rental of office spaces and laboratory facilities across seven technopark buildings (Technical Innovation Building, Ulsan General Business Center, Fine Chemicals Research Institute, Automotive Parts Technology Research Institute, Green Car Technology Center, Automotive-Ship Technology Building, Hydrogen Fuel Cell Demonstration Center) priced per 3.3 square meter for offices and per square meter for laboratories, with separate facility usage fees and cost-based management fees for utilities and shared services. For SMEs and startups that need physical R&D infrastructure in Ulsan.
• Automotive Components Equipment Support Service Equipment and testing services for automotive component manufacturers, providing access to automotive-specific testing and analysis infrastructure at the Automotive Components Technology Research Institute. For automotive parts and components manufacturers that need R&D testing capability.
• Precision Chemistry Equipment Support Service Equipment and testing services supporting fine chemicals companies through the Fine Chemicals and Materials Technology Research Institute, providing testing, analysis, and production equipment access for chemical products and materials. For fine chemicals and materials companies.
• Energy Equipment Support Service Equipment support services for renewable energy, hydrogen fuel cells, and next-generation energy technologies through dedicated facilities. For companies in the energy sector including hydrogen, fuel cells, and renewables.
• Secondary Battery Equipment Support Service Equipment and technical support for secondary battery (rechargeable battery) research, development, and testing at the Secondary Battery Technology Support Center, including EV battery and energy storage systems testing and certification. For secondary battery manufacturers and EV component makers.
• Maker Space Equipment Support Service Shared maker space facility providing prototyping equipment and technical support for startups and entrepreneurs to develop and test new products. For early-stage entrepreneurs and hardware-focused startups needing prototyping capability.
• Knowledge Technology Startup Center Incubation Service Incubation service supporting knowledge-based and technology startups (within 3-7 years of establishment) with office space, mentorship, business registration support, and business development programs. For pre-venture and early-stage technology startups in Ulsan.
• Ulju-gun Senior Technology Startup Center Incubation Service Specialized startup incubation service for middle-aged and senior technology entrepreneurs (40 years and older) providing technology-based business incubation and mentorship. For senior entrepreneurs in Ulju-gun.
• Smart Factory Support Program Government-supported program helping SMEs implement smart manufacturing solutions using IoT, 5G, big data, AI, and cloud technologies through the smart manufacturing innovation center. For SMEs undertaking digital transformation of production facilities.
• Korea Battery Academy Training Professional training programs in battery technology covering cell design, evaluation, BMS (Battery Management System), and manufacturing processes delivered through the Education Center. For engineers and technical professionals in the battery industry.
• Ulsan Global Startup Academy Training and mentoring program supporting startups in Ulsan to develop global market competitiveness through education and 1:1 consulting. For Ulsan-based startups seeking international market entry.

Quantifiable outcome

• Expected production inducement of 109.9 billion won from naval vessel MRO industry development project
• +3 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Busan Metropolitan GovernmentcoreStrategic or Co-development Partner · 1 April 2026Cross-regional collaboration for naval vessel MRO (Maintenance, Repair, Overhaul) industry development. Busan secured 25 billion won in national funding with total investment of 49.5 billion won over five years, with Ulsan participating as a collaborative region. The project aims to help small and medium shipbuilders enter the global MRO market.
• South Gyeongsang ProvincecoreStrategic or Co-development Partner · 1 April 2026Regional partner in cross-regional naval vessel MRO industry development project under the Ministry of Trade, Industry and Energy competitive bid program. Collaboration to support small and mid-sized shipbuilders across multiple provinces.
• South Jeolla ProvincecoreStrategic or Co-development Partner · 1 April 2026Regional partner in cross-regional naval vessel MRO industry development initiative covering the southern region of Korea for shipbuilding industry support and certification services.
• Ministry of Trade, Industry and Energy (MOTIE)coreStrategic or Co-development PartnerNational government ministry that oversees industrial policy and provides competitive funding programs for technopark initiatives and regional industry development projects.
• Ministry of SMEs and StartupscoreStrategic or Co-development PartnerNational ministry providing small business support programs, startup incubation funding, and technology development assistance that is administered through regional technoparks.
• Korea Techno Park AssociationminorStrategic or Co-development PartnerNational association of technoparks across Korea that coordinates best practices, publishes innovation success stories, and facilitates inter-regional cooperation.
• Ulsan National Institute of Science and Technology (UNIST)coreStrategic or Co-development PartnerMajor academic partner for technology commercialization and original technology platform projects. Collaborates on core technology matching with regional companies and supporting new industry entry through technology transfer.
• Korea East-West Power Co., Ltd.coreStrategic or Co-development PartnerState-owned power generation company partnering on energy transition cooperation programs. Joint programs include startup support, energy innovation projects, and renewable energy collaboration with Ulsan and Ulju-gun local governments.
• Ulsan Metropolitan City GovernmentcoreStrategic or Co-development PartnerPrimary local government partner providing city-level funding and administrative support for regional industry development programs, smart city initiatives, and startup ecosystem development.
• Ulsan Korea Testing Laboratory (KATRI)coreTechnology or IntegrationTesting and certification organization housed within the technopark facilities providing product testing, inspection, and research technology services to tenant companies.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Korea Industrial Complex Corporation (KICOX): State-owned developer and operator of Korean industrial estates and manufacturing infrastructure. Comparable in operating physical industrial facilities for tenant companies, but with a real-estate and industrial complex mandate rather than an R&D/incubation focus.
• Korea Institute of Industrial Technology (KITECH): National government-affiliated applied research institution under MOTIE that supports industrial technology development and SME innovation through multiple regional branches. Direct analogue at national level with broader research portfolio and deeper R&D lab capability.

Regional players

• Fraunhofer Society: German government-affiliated applied research organization operating ~76 institutes under a similar model of providing industrial R&D services, technology transfer, and SME support. Comparable mission and tenant-style industry engagement, but at substantially larger scale and with broader scientific depth.
• Innovate UK: UK government innovation agency providing funding and support for business-led technology innovation. Comparable role in national innovation funding flows, but primarily grant-making rather than facility-operating.
• Agency for Science, Technology and Research (A*STAR): Singapore government-affiliated R&D agency supporting industrial innovation through research institutes, public-private partnerships, and translational research. Comparable at a national level in mission and government relationship, with much larger R&D scale and broader science mandate.

Others

• Korea Trade-Investment Promotion Agency (KOTRA): Government-affiliated trade-promotion agency that supports Korean SMEs with export assistance and overseas market entry. Complementary rather than competing — KOTRA addresses internationalization while Ulsan TP focuses on domestic technology and incubation support.

Direct peers

• Gwangju Technopark: Regional technopark under the Korea Techno Park Association operating specialized research institutes and incubation in its own local industrial base. Closest direct peer: identical designation, governance structure, ministry relationship, and SME-support mandate.
• Daegu Technopark: Another major regional Korean technopark under the Korea Techno Park Association with comparable scope: specialized research institutes, tenant incubation, equipment support, and government-program administration across multiple industry verticals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/ulsanTP

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ulsan Technopark