Busan Design Promotion Institute Announces Recruitment for 'Startup Leap Package Support Project' Participants

Support for Innovative Growth of Startup Leap Companies

[Asia Economy Yeongnam Reporting Headquarters Reporter Yoon Yoseop] The Busan Design Promotion Agency is recruiting candidates for the ‘Startup Leap Package Support Project’ to support the innovative growth and scale-up of startups in the leap stage. Participating companies will receive design improvement programs aimed at commercialization support, sales increase, and job creation.

‘Commercialization support’ discovers competitive business items and promising companies to achieve results such as innovation, growth, and scale-up of startups in the leap stage. It provides commercialization funds and services for technology transfer, market expert mentoring, business model enhancement, and global market development and entry. The selection scale is about 540 companies, with an average support fund of 100 million KRW and up to 300 million KRW.

The ‘Growth Promotion Program’ offers five programs for startups in the leap stage to increase sales and create jobs: product improvement, design improvement, export support, growth promotion, and distribution linkage. Multiple applications are also allowed. The support amount varies by program, ranging from 7.5 million KRW to 60 million KRW.

Startups established within 7 years wishing to participate can visit the K-Startup website and check the recruitment announcement for startups in the relevant field.

Kang Kyung-tae, director of the Busan Design Promotion Agency, said, "I hope many companies participate in the design support project that can lead the high value-added market by escaping price competition through design-driven manufacturing innovation and receive various benefits.”

'Startup Leap Package Support Project' Information Poster. (Photo by Busan Design Promotion Agency)

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