Korean Women Venture Association, Recruiting Female Prospective Entrepreneurs... Up to 100 Million KRW Business Funding Support

[Asia Economy Reporter Kim Bo-kyung] The Korea Women’s Venture Association is recruiting applicants until the 17th to participate in the '2022 Preliminary Startup Package (Women-Specialized Field) Project,' which provides up to 100 million KRW in commercialization funds.

The Preliminary Startup Package is a program that supports prospective entrepreneurs challenging startups based on innovative technologies with commercialization funds, education, mentoring, and more. Since 2018, the association has been the lead organization for women-specialized fields, discovering and nurturing female prospective entrepreneurs to lead them to successful startups.

This year, approximately 100 candidates with technology-based and women-friendly promising ideas will be selected from the digital innovation technology field, life care field, and general fields, and will be supported with commercialization funds, mentoring, and specialized programs.

Selected entrepreneurs will receive an average of 50 million KRW (up to 100 million KRW) in commercialization funds necessary for prototype production, intellectual property acquisition, marketing, etc., as well as 40 hours of basic education required for startup and management, and one-on-one matching with experts in the startup field to support overall startup preparation.

The association also offers customized startup planning and networking programs for female prospective entrepreneurs to help items in the technology development and prototype stages generate market demand.

Starting with Biz-Up education, which plans product and service advancement, the program provides step-by-step support through networking programs with senior CEOs by technology and industry, business collaboration consultations with senior women venture companies, and investment attraction briefings linked to the Women Venture Fund to help establish successful startups.

Kim Bun-hee, president of the Korea Women’s Venture Association, said, "We will actively support prospective entrepreneurs who will grow into future women venture companies by utilizing the business know-how accumulated by the association and the infrastructure such as senior women venture companies to help them establish successful startups." Detailed information about the project can be found at the online project briefing on the 10th and on the association’s website.

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