Gangwon-do, 'Local Venture Company Development'... 30 Companies Selected

Developing Business Models Combining Youth Ideas

Gangwon Provincial Government

[Asia Economy Reporter Ra Young-cheol] Gangwon Province is promoting the 'Local Venture Business Development Project,' a business model that combines innovative ideas from local youth.

According to the province on the 21st, it established the 'Gangwon Local Venture Business Development 5-Year Basic Plan' last February and enacted the 'Gangwon-do Local Venture Business Development and Support Ordinance' (March 2021) to create a framework for supporting local venture businesses.

The province plans to maximize the growth of local venture businesses this year based on the region's unique potential values such as natural environment, resources, and cultural heritage.

It will select 30 local venture businesses and provide Dream Team support to resolve their difficulties, as well as commercialization funds according to their growth stages.

The program will also operate to discover many excellent local venture businesses and provide startup support funds so that many companies can benefit from investment opportunities.

The province expects that continuous and systematic support for local venture businesses will create favorable conditions for youth entrepreneurship, generate quality youth jobs within the province, and contribute to regional economic development.

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