Seongbuk-gu 'Cheongnyeon Gonggan Gil:Eum' Cultural Arts Startup Capacity Building Program Operation

Business model review, tax accounting capacity building training, IR (Investor Relations) pitching and 1:1 consulting for VCs (Venture Capitalists), followed by follow-up coaching and entrepreneur networking participation

[Asia Economy Reporter Jongil Park] Seongbuk-gu (Mayor Lee Seung-ro) is operating the 'Youth Startup Scale-up! Program' at the youth space 'Giri-eum'.

This program was designed to strengthen the capabilities and promote sustainable growth of early-stage entrepreneurs in the cultural and artistic fields (including shopping malls and platforms) with 2 to 5 years of experience.

The 'Youth Startup Scale-up! Program,' which runs for three months starting in April, consists of common education and workshops to review business models, tax and accounting capacity-building education, IR (Investor Relations) pitching targeting VCs (Venture Capitalists), and one-on-one consulting, followed by follow-up coaching and participation in entrepreneur networking.

This program is conducted in collaboration with 'Underdogs,' a specialized startup education institution for social innovation companies and social ventures, providing lectures and consulting to help young entrepreneurs review their business models to generate stable profits and added value.

Seongbuk-gu purchased the existing Maekyangjip on Samyang-ro last October and remodeled it to create the youth space 'Gil:Eum' (31 Samyang-ro), which was temporarily opened.

This space is utilized as a youth startup street and regional cultural hub where small business owners, youth, and local residents in the Samyang-ro area can coexist and develop together.

A Seongbuk-gu official stated, “We expect that the youth space 'Gil:Eum' will serve as a catalyst for youth startups and regional cultural revitalization. In addition to the startup package, we plan to operate the Giri-eum mentor group composed of experts in various fields such as HR and labor, tax and accounting, marketing, distribution, and patents to provide ongoing consulting for young entrepreneurs.”

Applications for the startup program, as well as information on cultural, community programs, and venue rental, can be found on the Youth Space Giri-eum blog.

The official added, “Young people are facing many difficulties amid the prolonged economic downturn caused by COVID-19, and we will strive to create an environment conducive to youth entrepreneurship.”

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