Seoul City Provides Resources for 'Startup Team Organization and Business Registration Certificate Issuance' with Expertise

One-Stop Service for Team Building, Mentoring, and Investment Attraction

[Asia Economy Reporter Kiho Sung] Seoul City announced on the 12th that it will support the entire technology startup process for promising young entrepreneurs, from ‘business item discovery and verification - startup team organization - business registration.’ This will be managed at the ‘Global Startup Talent Hub’ located in Yongsan.

The biggest difference from currently operating startup support facilities is the ‘team building support’ function. It is a method of creating ‘startup companies’ by connecting talents suitable for finance, technology development, and sales channels, centered on prospective entrepreneurs who have innovative ideas but find it difficult to realize them as startups, or by recruiting talents who can supplement the lacking strategies of existing startup companies.

Seoul City especially expects that the ‘team building program’ tailored to promising startup items will create a systematic and professional startup culture, moving away from the traditional acquaintance-based startups.

The ‘Global Startup Talent Hub’ incorporates Seoul City’s accumulated startup know-how to provide customized programs for ‘early-stage entrepreneurs’ so that young entrepreneurs can establish themselves stably within the domestic startup ecosystem. All processes of the customized program plan to maximize the use of private sector capabilities to objectively ensure that companies succeed in settling in the market.

Basically, it offers a one-stop startup service including startup team formation, business item discovery and verification, mentoring and professional education, investment attraction support, and business registration. Since each team progresses at different stages, the core of the project is to flexibly support team-specific growth strategies through individual consulting.

The geographical advantage of ‘Yongsan,’ where the ‘Global Startup Talent Hub’ is located, is also maximized. Since the ‘Employment Academy Yongsan Campus’ is located on the 3rd floor of the same building, it can provide startup opportunities to young people among the Employment Academy trainees who wish to start a business. Also, being located in the center of Seoul makes it convenient for university students in Seoul to access, raising expectations for participation from university students interested in startups.

Seoul City announced that it will accept applications for participants in the team building program, who will be the first batch of students at the ‘Global Startup Talent Hub,’ from the 14th to 18:00 on the 28th through the Seoul Startup Plus platform.

A total of 100 people will be selected as the first batch of students. The team building process will officially begin in April, forming 30 teams that will gradually go through the process of growing into startup companies. The basic team building process will continue until November this year, after which 10 teams are expected to complete ‘business registration’ following a review process.

As a follow-up support project, promising startups selected through the team building program that wish to enter overseas markets can participate in the center’s global accelerating program to be nurtured as global startups. Additionally, in connection with the Seoul Startup Fund, matching support is also possible by recommending promising startups within the Global Startup Talent Hub to fund managers.

Song Hojae, Director of Economic and Job Planning at Seoul City, said, “To revitalize the domestic startup ecosystem, it is important to discover and nurture early startups with innovative ideas,” and added, “We will spare no support to ensure that this project can solve problems such as securing investment and forming startup teams, which have been a great burden for young entrepreneurs, and become an opportunity to invigorate Seoul’s startup ecosystem.”

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