On October 20, 2022 (Thursday), the Incheon Free Economic Zone Authority (IFEZ) hosted the Incheon Startup Park Boom-Up Festival. The festival was designed to share the achievements of Incheon Startup Park and featured a wide range of programs, including an IR showcase bringing together startups and investors, a startup innovation and growth demonstration talk show, the Spark Conference, Spark IR Day, and expert consulting sessions. In addition, a memorandum of understanding (MOU) was signed to foster innovative bio startups, and a ceremony was held to declare the designation of a “Regulatory Sandbox Zone,” which enables the entire Incheon metropolitan area to be utilized as a testbed for demonstration projects.