Daejeon Youth Startup Academy Recruiting Entrants Until the 24th... Up to 100 Million KRW Support

Ministry of SMEs and Startups to Pilot Private-Led Cheongchangsa This Year
Operating Company Bluepoint Partners Provides Education and Investment Support

[Asia Economy Reporter Kim Bo-kyung] The Daejeon Youth Startup Academy, newly reorganized as a 'private sector-led youth startup academy,' is recruiting 40 students until the 24th.

The private sector-led youth startup academy is a core element of the Ministry of SMEs and Startups' operational reform plan called 'Youth Startup Academy 2.0.'

In this new form of startup academy, private operators equipped with investment resources and startup commercialization support capabilities directly select outstanding young entrepreneurs and take full responsibility from education and coaching to investment attraction processes.

The program is being piloted for the first time at the Daejeon Youth Startup Academy, with Bluepoint Partners selected as the operator.

Bluepoint Partners, an accelerator based in Daejeon, has experience nurturing startups in various fields such as information and communication technology (ICT) and bio-healthcare, and possesses a top-level domestic network of industry experts.

Currently, it manages investment assets worth 92.5 billion KRW (main account: 27 billion KRW, fund: 65.5 billion KRW) to support preliminary and early-stage startups.

At the Daejeon Youth Startup Academy, in addition to the existing startup commercialization support funds (up to 100 million KRW), office space, and facility infrastructure, Bluepoint Partners will separately operate programs to strengthen investment capabilities, including education and coaching, step-by-step investment IR consultations, and investment support.

Graduates can expect private investment attraction immediately upon completion, and for some companies, the operator plans to directly invest seed money.

Applicants must be young entrepreneurs under 39 years old, representatives of startups within three years of establishment, and have business locations outside the metropolitan area to be eligible.

Applicants who applied for the 12th Youth Startup Academy cohort, which closed on the 4th, and are young entrepreneurs from non-metropolitan areas can also apply again, and if accepted to both, they may choose one preferred region to enroll.

Youth entrepreneurs wishing to enroll in the Daejeon Youth Startup Academy can apply online through the K-Startup website by 4 p.m. on the 24th. For detailed inquiries, contact the Daejeon Youth Startup Academy or Bluepoint Partners.

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