Investment Attraction Competition for Small Business Owners to Be Held

'Small Business Showcase Day' Held

[Asia Economy Reporter Kim Cheol-hyun] The Ministry of SMEs and Startups (Minister Lee Young, hereinafter referred to as the Ministry) announced on the 31st that it will discover promising small business owners with potential nationwide by hosting the 'Small Business Showcase Day' (hereinafter referred to as Showcase Day) together with the Small Enterprise and Market Service (Chairman Jo Bong-hwan, hereinafter SEMS) and the Small Business Hope Foundation (Chairman Min Hong-gi, hereinafter Hope Foundation).

Showcase Day is an investment pitching competition aimed at nurturing entrepreneurial small business owners by providing product promotion and investment attraction opportunities to small business owners with excellent products or innovative ideas. This event consists of preliminary (document evaluation), main round (presentation evaluation), and final league stages, and teams advancing to the final will be offered a four-stage growth package program lasting about two months.

During the final league, events such as presentations for investment attraction, product exhibitions, live commerce, and networking with investors will be held simultaneously. Outstanding teams will also receive benefits including a total prize of approximately 30 million KRW and opportunities to participate in support projects by SEMS and the Hope Foundation. Notably, this year Naver and Y&Archer will participate in Showcase Day to conduct investment consultations for excellent companies.

Park Chi-hyung, Director of Small Business Policy at the Ministry, said, "The value of creative products and services unique to small business owners has been overshadowed by COVID-19," adding, "We will discover small business owners' ideas and provide investment attraction opportunities to instill pride that they can become unicorn companies."

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