10 Universities Including Konkuk and Yonsei Selected as Specialized Startup Leading Universities
Ministry of Science and ICT and Two Other Ministries Announce Selection Results
Support Budget of 1.8 Billion KRW Annually for Two Years to Encourage Unemployed Startup Creation
[Asia Economy Reporter Kim Bong-su] The Ministry of Science and ICT announced on the 12th that 10 universities, including Konkuk University, Yonsei University, and Hanyang University, have been selected as this year's 'Specialized Startup Leading Universities' and will receive a total of 1.8 billion KRW, with 900 million KRW annually until next year.
The selected universities will act as leaders in spreading startup culture within their campuses and promoting lab-based startups founded on excellent technologies. In the metropolitan area, Konkuk University, Yonsei University, Korea Polytechnic University, Hanyang University, and Hanyang University ERICA campus were chosen, while in non-metropolitan areas, Kangwon National University, Daegu Gyeongbuk Institute of Science and Technology, Ulsan National Institute of Science and Technology, Jeonbuk National University, and Hannam University were selected.
This project comprehensively supports universities with outstanding lab startup capabilities and research achievements, from discovering startup items to company establishment and follow-up support. Over the past three years, 15 universities have been selected and supported, achieving results such as improvements in startup-friendly academic and personnel systems, spreading startup culture within universities, and the creation of 116 companies (74%) through support of 157 technologies.
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Kwon Seok-min, Director of Science and Technology Job Innovation at the Ministry of Science and ICT, stated, “As about 10% of four-year universities nationwide will be active as ‘Specialized Lab Startup Leading Universities,’ we will support the spread of an atmosphere where anyone at universities can challenge themselves to start a business.”
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