Ulsan City Launches Startup Program Targeting Global Companies

Public-Private Joint Initiative Launches Corporate Autonomous Startup Support Project

Ulsan City Hall. Ulsan City is promoting a startup program to nurture prospective entrepreneurs and startup companies. (Photo by Ulsan and City)

[Asia Economy Yeongnam Reporting Headquarters, Reporter Kang Sharon] A public-private joint project to discover prospective entrepreneurs and startup companies with high potential for success and nurture them into global companies is being promoted in Ulsan.

On the 15th, Ulsan City announced that it will carry out the '2020 Corporate Autonomous Startup Program,' which supports the fostering of global startup companies, in collaboration with Korea East-West Power Co., Ltd. The Corporate Autonomous Startup Program is designed to grow startup companies through win-win cooperation between local governments and public institutions, with Ulsan Technopark taking the lead.

In April this year, 20 prospective entrepreneurs and early-stage startup companies were selected and supported through the 'Focused Startup' program. The newly recruited 'Customized Startup' program aims to concentrate efforts on nurturing global companies. Marketing support, legal support including patents, and testing and certification support are provided, with up to two programs supported per company and a maximum limit of 10 million KRW. Applications will be accepted until May 27, and 15 companies will be selected.

Those interested in participating or startup companies can contact the Ulsan Technopark Corporate Support Group. For detailed information about the program, attend the project briefing session to be held on May 19 on the 5th floor of the Ulsan Science and Technology Promotion Center.

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