Recruitment of Companies Participating in the Crowdfunding Program at Gwanak-gu Nakseong Venture Startup Center

Nakseong Venture Startup Center Selects 5 Companies Under 7 Years, Provides 3 Million Won Support Fund

[Asia Economy Reporter Jongil Park] Gwanak-gu (Mayor Park Junhee) Nakseong Venture Startup Center is recruiting startup companies within Gwanak-gu that have been established for less than 7 years to participate in the 'Crowdfunding Program' until the 4th.

Crowdfunding is a term combining the English word 'crowd,' meaning many people, and 'funding,' meaning financing. It refers to a method where companies raise funds from the public and small investors through an online intermediary system (platform).

This program was prepared to provide companies with products the opportunity to raise necessary funds and verify consumer response and marketability of their products.

A total of 5 companies will be selected, and each will receive 3 million KRW to support content production costs for product promotion, landing page design fees, and more. The program proceeds by having startup companies prepay various expenses such as landing page production costs and registration fees, then submit expenditure reports to receive the support funds.

Companies wishing to apply can submit their applications via a Google Form on the Nakseong Venture Startup Center (NVSC) website by the 4th, and additionally must submit their business registration certificate and product introduction documents to the Nakseong Venture Startup Center email (info@nvsc.co.kr). Detailed recruitment announcements can be found on the Nakseong Venture Startup Center website.

Meanwhile, the Nakseong Venture Startup Center has been operating since March to discover prospective entrepreneurs and support and nurture excellent companies in the region. Despite the COVID-19 situation, it has established itself as a representative startup facility in Gwanak-gu by operating various non-face-to-face startup programs such as education, consulting, and mentoring.

Mayor Park Junhee said, "I hope this crowdfunding program will provide companies with opportunities to confirm marketability and consumer response, and improve their products and services," adding, "We will continue to spare no support for the stable operation of companies."

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