Gyeonggawon Supports Up to 20 Million KRW for Pet Startup Businesses

[Asia Economy (Suwon) = Reporter Lee Young-gyu] The Gyeonggi-do Economic Science Promotion Agency will provide up to 20 million KRW to pet-related startup founders.

On the 13th, the agency announced that it will promote the 'Pet Industry Startup Support' project to revitalize the pet industry and recruit promising prospective and early-stage startup founders.

The Pet Industry Startup Support project is designed to nurture prospective and early-stage entrepreneurs who aim to commercialize ideas and creative technologies related to the pet industry. Since the project began in 2017, a total of 102 startup founders have been supported. This year, 12 founders will be supported in total.

If selected as beneficiaries, the agency will provide commercialization support funds of up to 20 million KRW for prototype production, intellectual property acquisition, testing and certification fees, and more. Additionally, support benefits such as startup spaces, promotional marketing, and entrepreneurship capacity-building education will be offered.

The recruitment fields include pet industry-related items such as ▲premium pet food ▲health and care products ▲beauty and fashion items ▲furniture ▲traditional ICT (Information and Communication Technology) combined products. However, pet shops, simple retail and wholesale businesses, and distribution businesses by small business owners are excluded from support.

Applicants must be prospective entrepreneurs or early-stage startup founders within three years as of the announcement date, residing in the province. Applications can be submitted online by checking the announcement on the Gyeonggi Startup Platform (www.gsp.or.kr) by the 23rd of this month.

An official from the province stated, "We will actively support laying the foundation for successful startups in the pet industry sector and help them lead to commercialization. Since pets are friends and family living alongside people, we will discover startup founders with excellent startup ideas and technologies and develop them into a future industry."

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