"Over 310 Startup Companies Compete Online" ... 'Seoul Campus Town Festival' Until the 30th

Promote Companies and Products with YouTube Videos... Total Prize Money of 35 Million KRW
Finals of 3 Startup Competitions, 22 Teams Receive Startup Facility Residency Benefits
Special Online Event with Discount Coupons on 11st Starting from the 26th

[Asia Economy Reporter Jo In-kyung] The "Seoul Campustown Festival 2020," where unique and innovative products from 34 universities and about 310 startup companies in Seoul come together in one place, will be held from the 12th to the 30th. This year, due to the COVID-19 pandemic, the entire event will be moved online, but nearly twice as many startup teams as last year will participate.

According to Seoul City on the 12th, instead of promotional booths, companies and products will be promoted through YouTube videos during the festival. The team with the highest number of views as of 6 p.m. on the last day of the festival, the 30th, will receive a prize of 10 million KRW. The total prize money amounts to 35 million KRW, and the grand prize and excellence award teams will also receive support for creating a logo song for their startup companies.

During the festival, the final winners of three competitions jointly held by 11 universities in Seoul Campustown will be selected. The 22 teams awarded here will have the opportunity to move into Campustown startup support facilities.

Online lectures where experts share practical startup success strategies will feature Seo Beop-gun, team leader at 11st (author of "Conditions of PROFESSIONAL Commerce"), and Choi Jae-won, director of Lovely Market (operator of a clothing wholesale shopping mall). They will provide startup strategies and field know-how necessary for Campustown startups, along with a Q&A session to address any questions.

From the 26th of this month to the 11th of next month, 11st will also hold a special online exhibition where Campustown startup products can be purchased at discounted prices.

Seoul City will sign a strategic MOU among Seoul City, 11st, and the Campustown Policy Council at the "9th Seoul Campustown Policy Council" held in conjunction with the festival, to support online sales channels for startup companies. 11st plans to actively support the consumption activation of excellent startup products through discount coupons, discounts when using affiliated cards, reduced sales commissions for startup products, and advertisements with dedicated sections.

Kim Ui-seung, Director of Seoul City's Economic Policy Office, said, "Due to the prolonged impact of COVID-19, Campustown startups with innovative technologies and services are facing difficulties securing sales channels. Since all programs are designed to help startups grow and expand their contact points with consumers to support sales channels, we ask for active participation so that startups, universities, and citizens can all enjoy the festival."

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