Mokpo National University Startup Incubation Center Selected as Best Institution for 7 Consecutive Years in Ministry of SMEs and Startups Management Evaluation

Mokpo National University campus view (Photo by Mokpo National University)

[Asia Economy Honam Reporting Headquarters Reporter Seo Young-seo] Mokpo National University Startup Incubation Center announced on the 14th that it was selected as the best institution in the ‘2020 Startup Incubation Center Management Evaluation’ conducted by the Ministry of SMEs and Startups on the 11th.

The Mokpo National University Startup Incubation Center is the only institution in Jeonnam to be selected as the best institution for 7 consecutive years (8 years in total).

This evaluation is conducted annually to review the previous year's management performance and achievements of 262 startup incubation centers designated by the Ministry of SMEs and Startups nationwide, and the evaluation results are used as the basis for subsidy support in the corresponding year.

The Startup Incubation Center received high scores in all evaluation indicators including the professionalism of operating personnel, operational infrastructure, effectiveness of business plans, linkage with related organizations (open collaboration), and management of operational performance, earning the ‘Best Grade’ corresponding to the top 20%.

Through this, it receives support for startup incubation center operation expenses and incubation capacity enhancement expenses, and plans to carry out various and active activities this year as well to support the successful startup and growth of resident companies.

Lee Seok-in, head of the Startup Incubation Center, said, “The excellent results achieved by the Mokpo National University Startup Incubation Center are due to the active interest and cooperation of university members including the president, as well as the solid operational infrastructure and capabilities within the university and incubation center,” adding, “It is the result of the combined passion for successful startups of the resident companies.”

He also stated, “We will do our best to support many companies to grow stably through the opening of the production-type startup hall in Namaek, contributing to job creation for youth and revitalization of the local economy.”

The Mokpo National University Startup Incubation Center was opened in November 1999 and has attracted various projects such as the startup incubation center expansion project and the production-type startup support center construction support project. In 2011, it was selected as the only startup leading university development project in Gwangju and Jeonnam.

Additionally, it performs its mission as a specialized startup support institution to revitalize startups and improve startup success rates by providing comprehensive support necessary for startups such as technology, management, marketing, and funding through one-stop services by admitting early-stage startups under 3 years and prospective entrepreneurs who face difficulties due to poor startup conditions for a certain period.

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