Pyojun Association, Discovering and Nurturing Prospective Entrepreneurs in Smart Factory and Blockchain Sectors

[Asia Economy Reporter Kim Cheol-hyun] The Korea Standards Association announced on the 23rd that it has been finally selected in the '2020 Preliminary Startup Package Specialized Field Lead Institution Competition' hosted by the Ministry of SMEs and Startups and has signed a business agreement. The Preliminary Startup Package is a project that provides vouchers for prototype production, marketing and sales channel support, mentoring, and more to help preliminary entrepreneurs in specialized fields successfully commercialize their businesses and start up.

The Standards Association plans to discover preliminary entrepreneurs in the smart factory and blockchain sectors within the four specialized fields of the '4th Industrial Revolution,' 'Tourism,' 'Women,' and 'Social Venture,' and support up to 100 million KRW per company for commercialization funds to 25 companies to facilitate smooth business commercialization in the early stages of startup. Additionally, to ensure the successful commercialization of preliminary entrepreneurs, the association will provide a package of startup education, mentoring, and actively utilize its business support capabilities such as smart factory promotion consulting and blockchain innovation talent training education, as well as industry-academia-research networks to foster technology startup companies.

Lee Sang-jin, Chairman of the Korea Standards Association, said, "We have been entrusted with the Preliminary Startup Package project to support preliminary entrepreneurs who will become unicorns in the 4th Industrial Revolution innovation field," and added, "Going forward, the association will become a platform that helps nurture technology entrepreneurs in fields of technological innovation such as smart factories and blockchain."

Meanwhile, the Standards Association is recruiting preliminary startup package entrepreneurs until the 20th of next month. A total of 25 preliminary entrepreneurs will be selected, and the eligible applicants are young people under 39 years old and middle-aged preliminary entrepreneurs aged 40 or older who have excellent startup ideas or technology-based items. Applications can be submitted online.

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