Honam University Startup Incubation Center Joins the 'Good Landlord Movement'

20% Reduction in Incubation Fees for Resident Companies from May to July

[Asia Economy Honam Reporting Headquarters, Reporter Yoon Jamin] Honam University Startup Incubation Center (Director Kim Seongsu) has joined the ‘Good Landlord Movement’ to alleviate the difficulties faced by startup companies struggling with management due to COVID-19.

According to Honam University on the 24th, the Startup Incubation Center decided to reduce the incubation fees by 20% from this month until July for 11 companies residing on the 3rd floor of Building 5 on campus.

A representative of one of the resident companies said, “In 2019, we actively conducted educational projects such as after-school workplace experience programs, but since the outbreak of COVID-19, these educational projects have been completely canceled, causing difficulties. The center’s policy to reduce incubation fees will provide strength to continue our business.”

Established in 1999, the Honam University Startup Incubation Center has played a significant role as a specialized incubation institution that supports stable startups by providing incubation space, management and technical guidance, and information to early-stage startups with technology and ideas, thereby improving startup success rates.

From 2013 to 2019, the center received excellent ratings in the Small and Medium Business Administration’s operational evaluations for seven consecutive years, was selected for BI operation cost support projects and the ‘BI Incubation Capacity Enhancement Project,’ supporting the activation of startups residing in the center. It also served as the main institution for the Gwangju Technopark Youth Prospective Entrepreneur Discovery and Nurturing Project, discovering and supporting a total of six prospective entrepreneurs with project funds in 2019 and 2020.

Kim Seongsu, Director of Honam University BI Center, said, “We joined the ‘Good Landlord Movement’ to support companies struggling due to COVID-19,” and added, “We hope that companies will gain strength to focus on their startup activities with the support of Honam University.”

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