Hannam University Selected as Lead Institution for 'Early Startup Package'

Exterior view of the Startup Zone building at Hannam University Ojeong Campus. Provided by Hannam University

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Hannam University has been finally selected as the lead organization for the ‘2020 Early Startup Package Project.’ Through this, the university will receive up to 2.3 billion KRW annually for three years.

According to Hannam University on the 17th, the Early Startup Package Project is implemented under the supervision of the Ministry of SMEs and Startups. The core of the project is to support all stages of commercialization for early startups within three years that possess promising startup ideas and advanced technologies.

Companies participating in the Early Startup Package Project can use the commercialization funds for material costs and outsourcing service fees necessary for making prototypes, advertising and promotion expenses, acquisition costs for patents and intangible assets, among others.

Separately, the university plans to provide selected companies with office space free of charge for one year.

Lee Jun-jae, head of the Startup Support Group, said, “Hannam University, as a startup university representing the region, will spare no effort to expand the base of early startup culture among local residents and students.”

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