Recruitment of Participants for Women's Venture Startup Care Program

Contest-Style Preparation for Practical Startups... Support for Female Prospective Entrepreneurs

[Asia Economy Reporter Kim Cheol-hyun] The Korea Women Venture Association (President Kim Bun-hee) announced on the 15th that it is holding the '2021 Women Venture Startup Care Program' Biz Contest, supported by the Ministry of SMEs and Startups and officially sponsored by Kia, to recruit female prospective entrepreneurs who wish to start technology ventures.

The Women Venture Startup Care Program is a project to discover and nurture female prospective entrepreneurs with promising venture startup ideas. To expand opportunities for practical startups based on ideas alone, the program is operated in a contest format starting this year. The selection process proceeds in the order of preliminary, main, and final contests. The 80 participants who pass the preliminary round will receive expert training to verify and concretize their ideas in the market. The 40 participants advancing to the main round will be matched one-on-one with senior female venture CEOs to support the establishment of market-tailored strategies.

In the final contest, the main round participants will compete against each other. The grand prize winner will receive the Minister of SMEs and Startups Award, a business vehicle (Kia Ray), and a startup support fund of 10 million KRW. All main round participants will also receive startup support funds up to 9 million KRW on a graduated scale, and benefits such as participation in follow-up programs including investment attraction consultations, sales channel support services, and training will be provided.

Applications are open until the 5th of next month. Detailed information can be found and applications submitted through the recruitment announcement posted on the Korea Women Venture Association website. Kim Bun-hee, President of the Korea Women Venture Association, said, "Good opportunities and environments must be prepared so that female talents can knock on the door of the startup market," adding, "We will continue to support so that excellent technology startup ideas held by women lead to startups and their potential can be fully realized."

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