Chungnam Supports Re-Startup for Middle-Aged Entrepreneurs... Recruiting 20 People Aged 40 to 64

[Asia Economy (Naepo) Reporter Jeong Il-woong] Chungnam Province is helping the local middle-aged and older generation start their second act in life.

The province announced on the 8th that it is recruiting participants for the '2020 Middle-aged and Older Generation Re-Startup Support Project' until the 29th.

The project is being promoted to support (prospective) entrepreneurs for the success of innovative startups based on technology and knowledge within the region.

Eligible participants are aspiring entrepreneurs aged 40 to 64 residing in the region as of the announcement date, who are either representatives of companies established since 2017 or prospective entrepreneurs planning to start a business within two months from the agreement date.

The support fields include knowledge-based startup industries such as knowledge content, design, applications, cultural content, culture and sports-related services, as well as technology-based startup industries such as machinery and materials, electrical and electronics, information and communication, chemical engineering and textiles, life and food, environment and energy, and crafts.

The province plans to select about 20 participants through document screening, on-site, and face-to-face evaluations. Selected entrepreneurs can receive support for costs such as business item development and marketing up to a maximum of 15 million KRW.

Additionally, free basic startup education in management strategy, marketing, and entrepreneurship, as well as expert mentoring in fields such as tax accounting, marketing, and investment, will be provided.

(Prospective) entrepreneurs wishing to participate in the project can download the application form from the province or Chungnam Economic Promotion Agency websites, complete it, and submit it by mail, visit, or email to complete the application process.

A provincial official said, “This project is being promoted to provide local retirees with an opportunity for a 'second act in life' to make a fresh start,” adding, “We hope that early retirees in their 40s and the baby boomer generation can improve their quality of life through technology-based startups that utilize their accumulated experience.”

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