Ulsan City Supports Startup Companies in Entering the Global Market

by Kim Yongu

Published 03 Jul.2020 11:14(KST)

Updated 13 Aug.2025 21:16(KST)

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‘2020 U-Startup Growth Support Program’ Operation
Capacity Building Program Conducted Domestically Due to COVID-19

Ulsan City Hall building.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] Ulsan City is promoting a project to help startup companies develop international sensibility and capabilities in preparation for the post-COVID era and support their growth into global companies.

On the 3rd, Ulsan City announced that it will promote the ‘2020 Startup Company Global Growth and Expansion Support Project’ to establish a foundation for local startup companies to enter overseas markets.

Last year, this project achieved tangible results in overseas expansion and investment attraction for participating companies, including attracting 7.6 billion KRW in investment.

Regarding this project, the ‘2020 U-Startup Growth Support Program’ to be promoted this year will focus on laying the groundwork for local startup companies to enter the global market through programs conducted domestically. Due to COVID-19, direct overseas expansion is not possible, so this situation is being used as an opportunity to strengthen capabilities.

In particular, the ‘UTP Startup Week’ scheduled for September will provide a comprehensive educational program necessary for overseas expansion, including global market entry strategies, investment attraction methods, and funding opportunities, in collaboration with ‘Creative Valley,’ a leading startup accelerator in France.

The ‘U-Startup Growth Support Program’ is being promoted by Ulsan Technopark. Eligibility for participation is limited to Ulsan companies within seven years of establishment, and applications will be accepted until the 7th, with a total of 12 teams to be selected.