Daegu City Supports Startups with Up to 100 Million KRW... "Promoting Startup Activation for Promising Items"

Selected 42 Companies Within 3 Years of Startup, Providing an Average Support of 70 Million KRW

On the afternoon of the 24th, spring flowers were in full bloom near Ayanggyo Bridge in Dong-gu, Daegu, attracting attention. [Image source=Yonhap News]

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongwook Park] Daegu City announced on the 25th that it has secured 4 billion KRW in government funding this year and will continue the project for the second consecutive year through the early startup package institution evaluation based on last year's support performance with the Daegu Center for Creative Economy and Innovation Foundation and Kyungpook National University.

The early startup package support project is a program that supports prototype production, intellectual property acquisition, and marketing costs for companies within three years of establishment that possess promising startup items and advanced technology.

The Daegu Center for Creative Economy and Innovation and Kyungpook National University have played a significant role as regional hub startup support institutions by supporting the technology commercialization of 44 companies last year, achieving sales of 14.4 billion KRW, 150 new jobs, and attracting 2.9 billion KRW in investment as of the end of last year.

This year, the two institutions will invest a total of 4.4 billion KRW, including 400 million KRW from the city budget, to support 42 early startup companies with an average of 70 million KRW per company and up to 100 million KRW. In addition, they plan to continue leading regional startup revitalization by operating continuous follow-up support programs such as customized consulting.

In particular, for this year's project, the Daegu Center for Creative Economy and Innovation plans to focus on selecting promising startup companies in the region's strategic industries 5+1 (Energy, Future Vehicles, Water, Medical, Robotics + Smart City) sectors.

Kim Tae-woon, Director of the Job Investment Bureau of Daegu City, stated, "We will spare no support, including policy cooperation with the supervising institutions, to discover and support excellent technology startup companies with outstanding infrastructure, professional personnel, and various specialized programs so that Daegu City can fulfill its role as the startup hub of the Daegu-Gyeongbuk area."

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