Korea University Selected as Final Host Institution for 'Early Startup Package' Support Project

Received Approximately 7 Billion KRW in Government Support Funds by 2022

[Asia Economy Reporter Lee Hyun-joo] Korea University announced on the 30th that it has been finally selected as the lead institution for the Early Startup Package support project organized by the Ministry of SMEs and Startups.

The Early Startup Package project supports startups within three years in the innovation and new industry sectors with up to 100 million KRW in startup commercialization funds and specialized programs. Going forward, Korea University plans to receive about 7 billion KRW in government funding by 2022 to discover promising early-stage startups and support the operation of various programs.

Korea University explained that it began startup support in 1999 when it was designated as a startup incubation center by the then Small and Medium Business Administration, and has steadily strengthened its capabilities by being selected for the Seoul Campus Town pilot project in 2017 and the University Technology Management Promotion project last year. Additionally, through the Crimson Startup Support Group, it continues support by reflecting the characteristics and autonomy of on-campus startup support departments.

Heo Jun, head of the Crimson Startup Support Group at Korea University, said, "We will continue to spare no effort in supporting startup companies through collaboration with regional and global startup specialized institutions and active investment linkage by our university."

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