Jo Juhyun, Vice Minister of SMEs and Startups, Visits Daejeon Cheongchangsa... "Will Increase Support for Youth Startups"

[Image source=Yonhap News]

[Asia Economy Reporter Kim Bo-kyung] Cho Ju-hyun, Vice Minister of the Ministry of SMEs and Startups (photo), visited the 'Daejeon Youth Startup Academy (Cheongchangsa)' located in Yuseong-gu, Daejeon on the 8th and held a meeting with young entrepreneurs and private operators.

The meeting was held as part of follow-up measures to the new government's youth policy promotion plan recently announced, to explain the Ministry of SMEs and Startups' plans for creating a youth startup ecosystem and to listen to the difficulties faced by young entrepreneurs.

At Cheongchangsa, outstanding entrepreneurs with promising startup ideas and innovative technologies are discovered and supported through a package covering all stages before startup, including provision of residence space, education and coaching, and commercialization funds.

The Daejeon Cheongchangsa is a private-led youth startup academy piloted this year by the Ministry of SMEs and Startups, reflecting the opinions of young people. Private operators directly select young entrepreneurs and take full responsibility for operations from education and coaching to direct investment and investment attraction processes.

The young participants at the meeting suggested the need for support for SoBuJang startups, and the utilization of startup-developed products by the state, and unanimously agreed on the need to expand youth startup support projects like Cheongchangsa.

Vice Minister Cho Ju-hyun stated, "We will continue to increase support for youth startups by expanding startup-centered universities and private-led Cheongchangsa, and newly introducing support projects for first-time youth startups so that young entrepreneurs can realize their dreams and hopes."

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