Hoban Group Sponsors '2021 Local Startup Challenge' with Ministry of SMEs and Startups

2021 Local Startup Challenge Poster. (Provided by Hoban Construction)

[Asia Economy Reporter Kim Hyemin] Hoban Group announced on the 18th that it will sponsor over 1 billion KRW for the '2021 Local Startup Challenge.'

The Local Startup Challenge is a program designed to discover and nurture promising regional startups and to spread the culture of entrepreneurship. This contest is hosted by private broadcasters nationwide and sponsored by Hoban Group, the Ministry of SMEs and Startups, and Plan H Ventures. The Korea Communications and Broadcasting Promotion Agency, NS Home Shopping, and the Korea Early Stage Investment Institutions Association support the production.

The contest will be produced as a 9-episode special program and broadcast through private broadcasters nationwide, including KBC Gwangju Broadcasting. Hoban Group will sponsor over 1 billion KRW covering overall costs and prize money. The Hoban Park auditorium located in Seocho-gu, Seoul, will also be provided as the final judging venue. Plan H Ventures, an accelerator corporation of Hoban Construction, along with the Korea Early Stage Investment Institutions Association and startup support organizations nationwide, will be responsible for judging and mentoring.

The contest targets startups related to the seven major fields of the Ministry of SMEs and Startups' Local Creator Support Project: ▲regional value ▲local food ▲region-based manufacturing ▲region-specialized tourism ▲hub brand ▲digital cultural experience ▲nature-friendly activities, as well as 4th industrial startups that combine regional resource characteristics. Applications can be submitted on the contest website until the 11th of next month.

Kim Sejun, Head of the Shared Growth Office at Hoban Group, said, "We decided to sponsor because we sympathize with the purpose of this event, which is regional balanced development and shared growth. Beyond simple business funding support, we will also devise various measures to provide practical help for promising startups to grow."

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