"Ideas into Business" Korea Forest Service Hosts Youth Startup Competition
[Asia Economy (Daejeon) Reporter Jeong Il-woong] The Korea Forest Service is hosting the "3rd Youth Startup Competition in the Forestry Sector" targeting young people.
According to the Korea Forest Service on the 10th, anyone in their 20s and 30s who are interested in startups in the forestry sector, prospective entrepreneurs, or startups established within the last 5 years (after January 28, 2017) can participate.
Applications are open until the 13th of next month. After screening, the Korea Forest Service will select the final participants and support them through a professional startup incubation process including business location advancement, business model verification, business expansion strategy derivation, and investment technology enhancement to help realize practical commercialization.
The evaluation will be conducted by forestry experts and a citizen evaluation panel, assessing each team's presentation. Through this, the Korea Forest Service plans to select five outstanding teams (1 grand prize, 2 excellence awards, and 2 encouragement awards).
Winning teams will receive prize money and certificates, and will have the opportunity to advance to the finals of the "Challenge! K-Startup 2022 Ministry Integrated Startup Competition." Additionally, customized business support such as focused growth support for excellent teams will be provided.
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Cho Seong-dong, head of the Forestry Job Startup Team at the Korea Forest Service, said, "The competition aims to help young people's innovative ideas be realized as businesses," adding, "Through this competition, the Korea Forest Service will increase youth participation and interest in the forestry sector and revitalize industries related to forestry."
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