Gyeonggawon Invites Startups to Participate in Entrepreneurship Competition... Until the 22nd of Next Month

Promotional Poster for the Startup Competition by Gyeonggi-do Economic Science Promotion Agency

[Asia Economy (Suwon) = Reporter Lee Young-gyu] The Gyeonggi-do Economic Science Promotion Agency is holding a startup competition for prospective and early-stage entrepreneurs with excellent commercialization projects.

The agency announced on the 23rd that it will hold a startup competition targeting prospective entrepreneurs with creative ideas and companies within three years of establishment that have innovative commercialization items, and is accepting applications until the 22nd of next month.

Through the first and second preliminary rounds and the final presentation evaluation, the competition will operate separate leagues for prospective entrepreneurs and startup founders until the final competition held in October. A total of 10 winning teams will be selected and awarded a total prize of 115 million KRW.

In addition to the prize money, the final winning teams will receive various benefits related to startup support projects hosted by Gyeonggi-do, such as additional points and special guarantee benefits when moving into the Gyeonggi Venture Startup Support Center.

The 30 teams advancing beyond the finals will be provided with opportunities to attract investment through three months of mentoring, demo days, and other accelerating support.

Kang Sung-cheon, director of the agency, said, "Through the transformed startup competition, we expect startups with innovative ideas to compete fairly and build a startup ecosystem where they can grow further," adding, "The agency will continue to do its best to realize Gyeonggi-do as the capital of opportunity."

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