Seodaemun-gu Collaborates with Yonsei University to Develop Campus Town

Youth Startup Hub Space S3 Aims for Completion by September...207 Teams Applied for Campustown Startup Recruitment, 60 Selected...Recruitment for 'Smart Culture Belt' Program Participants Until June 19

[Asia Economy Reporter Park Jong-il] Seodaemun-gu (Mayor Moon Seok-jin) is promoting the Campus Town creation project, where public institutions, universities, and local communities collaborate to discover young entrepreneurs and establish a startup ecosystem hub.

In April of this year, Yonsei University recruited startup teams for the Campus Town project, receiving a total of 207 applications, demonstrating the strong entrepreneurial spirit among youth. Through the first document screening and the second face-to-face evaluation, 60 teams were selected. The universities these teams belong to or graduated from were diverse, including Yonsei University, Seoul National University, KAIST, and 26 others. The startup items were mainly in the fields of the 4th Industrial Revolution, information and communication, knowledge-based services, and medical sectors.

The selected teams have been receiving one-stop services since last month, including startup support funds, entrepreneurship education, networking among startup teams, technical mentoring, and investment attraction. Additionally, based on future performance evaluations, they will be given the benefit of moving into the startup hub space S3 (S-Cube).

S3 is planned to be completed by September by remodeling the Changcheon Daycare Center (61 Yonsei-ro 2na-gil). It will be diversely composed of 20 individual startup spaces, shared workspaces, meeting rooms, maker spaces, and convenience facilities to allow entrepreneurs to focus on item development and generate planning and ideas.

The district is also promoting the ‘Smart Culture Belt’ creation program to revitalize Seodaemun-gu’s culture and foster cultural ventures by combining ‘culture-related startup ideas’ and ‘smart technology.’ To this end, related participants will be recruited by noon on the 19th of this month, and after selection, education, funding, and consulting will be provided to realize their ideas.

Moon Seok-jin, Mayor of Seodaemun-gu, stated, “We will devote ourselves to laying a successful foundation so that the Campus Town project can produce results in job creation and regional economic revitalization, leading to win-win development between universities and the local community.”

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