'Seoul Area Innovation Startup Package' Recruitment... Up to 100 Million KRW Support

[Asia Economy Reporter Kim Daeseop] Applications are open until the 2nd of next month for participants in the commercialization funding support package project for prospective entrepreneurs in the Seoul area. Through five institutions?Seoul Creative Economy Innovation Center, Konkuk University, Soongsil University, Yonsei University, and Hanyang University?a total of 192 prospective entrepreneurs will be supported.

According to the Seoul Regional Small and Medium Venture Business Administration on the 16th, this project provides up to 100 million KRW in commercialization funding to prospective entrepreneurs with innovative ideas and technologies.

The Prospective Entrepreneur Package is a program that supports prospective entrepreneurs preparing for startup commercialization by providing a package of commercialization funds (up to 100 million KRW), startup education (40 hours), mentoring, and more.

Evaluation is conducted through documents and presentations on motivations for developing startup items, commercialization strategies, market entry and performance creation strategies, and the capabilities of the representative and team members. Final decisions are made in order of highest scores according to the support scale of each organizing institution.

Starting this year, the support target has been expanded to all ages. Previously, support was limited to those aged 39 and under. It is expected to promote technology startups by middle-aged and senior retirees with high skills and experience.

Prospective entrepreneurs wishing to apply for the Prospective Entrepreneur Package can do so through the 'K-Startup' website by 6 p.m. on the 2nd of next month.

This content was produced with the assistance of AI translation services.