University Generously Provides Seed Money for Student Startups... Dongseo University Supports 'Practical Entrepreneurship'

Fruits of One Year of Startup Support, 'Practical Startup Competition' Award Ceremony Held

Grand Prize 10 Million KRW and Total Startup Support Scholarships of 53.55 Million KRW Awarded

Dongseo University President Jang Je-guk (third from the right) is encouraging and presenting startup support funds to students who won the Practical Startup Competition.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] The university generously awarded over 50 million KRW to enrolled students challenging entrepreneurship.

Dongseo University (President Jang Je-guk) held an award ceremony on the 28th for winners of the on-campus Practical Startup Competition. This event marks the finale of the 'Practical Startup Project,' held for the sixth time since 2015, serving as a signal flare for student entrepreneurship.

To promote university student startups, Dongseo University operates a variety of 88 entrepreneurship education courses based on an entrepreneurship education system, including the 'Practical Startup Project' and the 'Biz-Make Startup Club.'

Over the past year, which was difficult due to COVID-19, students actively participated in the entrepreneurship education provided by the university and have traveled a long journey fueled by their passion for startups.

The Startup Support Group opened the largest 'entrepreneurship support scholarship' among universities in the Busan area by holding this competition to help realize the dreams of students wishing to start a business.

In this online event, 23 out of 65 on-campus startup teams participated, and 15 teams were selected for the finals through document screening.

In the finals, eight teams were selected through presentation evaluations. Scholarships totaling 53.55 million KRW were awarded, including 10 million KRW for the grand prize and 9 million KRW for the excellence award. The grand prize was awarded to the New Deal team (Jang Hee-chan and one other member), third-year students from the Department of Design.

President Jang Je-guk of Dongseo University said, “Through innovative entrepreneurship education, we aim to nurture talents who can 'create imagination beyond thinking' and possess 'entrepreneurial spirit and creativity' needed in the Fourth Industrial Revolution era.”

President Jang added, “We have established an entrepreneurship ecosystem within the university through excellent startup support infrastructure, and we will spare no effort to produce Korea’s top entrepreneurs through our unique startup support platform.”

Jang Hee-chan, the grand prize winner, said, “Even if it is difficult to join the company I want, I wanted to create the company I desire. I want to further nurture my dream of entrepreneurship by utilizing the university’s startup support platform.”

Jung Do-woon, head of the Startup Support Group, stated, “The Practical Startup Competition is a practical process to discover actual star entrepreneurs. Dongseo University systematically fosters young entrepreneurs by linking government-supported projects such as the Early Startup Package, Laboratory Startup, and Maker Education.”

Director Jung added, “We believe the university’s generous startup support scholarship will be effectively used as startup seed money. Dongseo University plans to continue nurturing excellent startups by utilizing the nation’s top-level startup infrastructure.”

Under the slogan ‘Easy Start Up,’ Dongseo University annually operates various stage-specific customized support startup programs to promote startup culture, including ▲Practical Startup Projects (Tium, Kium, Pium) ▲LEGO Startup Academy ▲Biz-Make Startup Club ▲PASTEL Startup Club and Startup TED ▲AI·SW Startup Club and Hackathon Competition ▲Laboratory Startup Festival.

Dongseo University secured the Early Startup Package support project (Ministry of SMEs and Startups, approximately 7.5 billion KRW over 3 years) in 2020, the Laboratory Startup Leading University project (Ministry of Education, Ministry of Science and ICT, approximately 3 billion KRW over 3 years), and the Makerspace establishment and operation project (Ministry of SMEs and Startups, approximately 800 million KRW over 5 years), establishing a full-cycle startup support platform that connects university-driven entrepreneurship education achievements to actual startups.

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