Gwangyang-si, Recruiting Startup Teams for Youth Social Economy Entrepreneurs in the Second Half of the Year

Applications open until the 23rd of next month, selecting 3 startup teams, up to 12 million KRW support per team

[Asia Economy Honam Reporting Headquarters Reporter Lee Hyung-kwon] Gwangyang City announced that it will recruit three youth startup teams (preliminary and early stage) by the 23rd of next month as part of a local-led youth project to foster young social economy entrepreneurs.

The "Youth Social Economy Entrepreneur Fostering Project" is a program that recruits prospective young entrepreneurs and supports the entire startup process to encourage the establishment and transition to social enterprises and village enterprises.

Eligibility for application requires a preliminary or early startup team composed of 3 to 5 youths aged between 18 and 39 as of the announcement date (September 28, 2020), who can complete mandatory training and other requirements during the project period.

Youth startup teams selected for the project will complete basic education and capacity-building training necessary for entry into social economy enterprises and receive up to 12 million KRW in startup support funds per team.

For more details, please check the announcement section on the Gwangyang City website, and submit the required documents in person to the Investment and Job Creation Division at City Hall.

Meanwhile, two teams were selected in the first half of the year under the Youth Social Economy Entrepreneur Fostering Project and are actively operating, while one company is awaiting results from the 2020 second half Jeonnam Preliminary Social Enterprise contest review.

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