Recruitment for 'Specialized Fields of Preliminary Startup Package'... Around 600 Applicants Expected

[Asia Economy Reporter Kim Daeseop] The Ministry of SMEs and Startups announced on the 16th that it is recruiting prospective entrepreneurs to participate in the '2020 Preliminary Startup Package Specialized Fields.'

The support scale for this specialized field recruitment is around 600 people. Selections will be made through 16 leading organizations recommended by 10 ministries in the 4th industrial revolution fields such as artificial intelligence, big data, and smart healthcare. The application period is from the 17th to the 20th of next month.

Eligibility is the same as the general field: applicants must have no prior startup experience or not own a business under their name as of the announcement date. If they have experience in business closure, they must start a company producing products or services in a different industry. Applicants must select and apply to one leading organization that matches their startup item field regardless of their residence or planned startup location.

The evaluation and selection will be conducted through documents and presentations based on the motivation for developing the startup item, commercialization strategy, market analysis and competitiveness securing plans, and the capabilities of the representative and team members. Final selections will be made in order of highest scores in the presentation evaluation according to the support scale of each leading organization.

Prospective entrepreneurs wishing to apply for the Preliminary Startup Package Specialized Fields must complete their online application through the K-Startup website by 6 p.m. on the 20th of next month.

The Preliminary Startup Package is a project that supports commercialization funds (up to 100 million KRW), startup education, mentoring, and more as a package to facilitate the smooth initial commercialization of innovative technology startup ideas held by prospective entrepreneurs. The general field (industry-unrestricted) completed applications for selecting 1,100 people by the 16th of this month.

An official from the Ministry of SMEs and Startups said, "To prevent the contraction of startup activities by prospective entrepreneurs due to the spread of COVID-19, we will continuously promote various measures such as online briefings, education, and mentoring."

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