Ministry of SMEs Supports Collaboration for 'Jiyeokgachi Entrepreneurs'... Up to 100 Million KRW Funding

Selected Collaborative Projects Proposed and Discovered Directly by Regional Value Entrepreneurs
12 Projects Across 6 Regions Including the Capital Area... Up to 100 Million KRW Support

[Asia Economy Reporter Kwak Minjae] The Ministry of SMEs and Startups announced on the 2nd that it is recruiting 'collaborative projects among local value entrepreneurs' to strengthen the capabilities of local value entrepreneurs and revitalize the region-based innovative startup ecosystem.

Local value entrepreneurs (local creators) are startups that create business value by combining innovative ideas and technologies based on the natural and cultural characteristics of the region. Since 2020, the Ministry of SMEs and Startups has established the 'Region-based Local Creator Activation Support Project' to discover and nurture local value entrepreneurs in order to expand startup opportunities for local youth and revitalize the regional economy.

The Ministry will select about 12 collaborative projects planned by local value entrepreneurs in six regions?Gangwon, the Seoul metropolitan area, Chungcheong, Honam, Yeongnam, and Jeju?and support them with up to 100 million KRW.

Detailed information on collaboration support among local value entrepreneurs by region can be found on the Ministry of SMEs and Startups website, the K-Startup website, and the Corporate Madang platform. Local value entrepreneur teams wishing to participate can apply online through the K-Startup website by 4 p.m. on the 31st.

Separately, the 'collaborative projects between leading companies and local value entrepreneurs' will select local value entrepreneurs to participate in leading companies' collaborative projects in each of the six regions in June.

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