Gyeonggawon to Hold Briefing Session on Crowdfunding Support Project

[Asia Economy (Suwon) = Reporter Lee Young-gyu] The Gyeonggi-do Economic Science Promotion Agency will hold online briefings on the 25th and 29th of this month to support crowdfunding for startup companies in the province.

This briefing aims to address the questions of local companies encountering global crowdfunding (reward-based) and securities crowdfunding (investment-based) for the first time by introducing the characteristics of each funding type and sharing suitable products, services, and success stories for each platform.

Since last year, the agency has been promoting the "Crowdfunding-linked Startup Support Project" to help local startups secure private investment funds and effectively enter the market.

This year's crowdfunding-linked startup support project will support a total of 50 companies: 10 companies under the securities (investment) type offering equity to investors as a reward for funding, 30 companies under the reward type providing products, and 10 companies under the global (reward) type.

The selected companies will receive support for costs such as intermediary fees for registering on crowdfunding platforms, video and funding page production expenses, and advertising costs.

Last year, the agency supported 36 companies by conducting funding worth 1.855 billion KRW from 1,062 investors.

Yoo Seung-kyung, head of the agency, stated, "The crowdfunding method, which gathers funds from an unspecified number of small investors, will be effective for companies with excellent startup items seeking funding and market entry," adding, "We will continue to create opportunities for local companies to meet future investors."

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