Venture Business Association Announces Recruitment for Participants in the Social Venture Category of the Preliminary Startup Package

[Asia Economy Reporter Kim Cheol-hyun] The Korea Venture Business Association (Chairman Kang Sam-gwon) announced on the 31st that it will recruit prospective entrepreneurs to participate in the social venture sector of the Preliminary Startup Package project until the 19th of next month. The Preliminary Startup Package is designed to support smooth initial commercialization for prospective entrepreneurs, providing commercialization funds (up to 100 million KRW), startup education, mentoring, and other programs.

The association, as the lead organization for the social venture sector of the Preliminary Startup Package under the Ministry of SMEs and Startups, plans to select and support a total of 100 prospective entrepreneurs this year, following last year. Last year, 100 prospective entrepreneurs were selected and supported with commercialization funds, startup support programs, and exchanges with social impact experts.

Prospective entrepreneurs wishing to participate in the project can select the Korea Venture Business Association as the lead organization on the K-Startup website and submit their business plans online. Final selection is based on criteria such as the applicant's motivation for developing the startup item, commercialization strategy, social value, performance creation strategy, and the capabilities of the representative and team members. Selected prospective entrepreneurs must implement their startup at least two months before the contract end date and meet the social venture identification criteria within three months after the startup date.

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