Youth Startup Promotion Project 'Cheongnyeon Builder Audition'

Total Prize Money 20 Million KRW, Web Innovation Idea Contest Closes October 4
Famous Startup CEO Mentors to Meet Participants Directly

An audition to select young builders who will lead web innovation in South Korea will be held in Seoul. The application deadline is October 4.

The non-profit organization SDG Youth announced that it is accepting web service business plans for selecting young builders until October 4, ahead of the finale event of the "2023 Young Builder Audition" to be held on November 2 at Hankuk University of Foreign Studies in Seoul. Young builders refer to young IT pioneers who have the creativity to devise innovative web (app) services leading the Web 2.0 and 3.0 era and the capability to implement them.

The "2023 Young Builder Audition," a youth entrepreneurship encouragement project hosted and organized by SDG Youth, is supported by the Seoul Metropolitan Council, Dongdaemun-gu, and Hankuk University of Foreign Studies. Global leading companies in the Web 3.0 field such as Near Korea and incubator Next Age also participate as sponsors. Assembly Insider, a specialized media for the council, participates as a media partner. SDG Youth is a non-profit organization under the Ministry of Foreign Affairs and is a youth-centered international NGO working to achieve the United Nations Sustainable Development Goals (SDGs).

Teams wishing to participate in the Young Builder Audition must submit a business plan containing innovative ideas. The application theme is services based on Web 2.0 and 3.0 that are practical and innovative technologies, open to anyone.

The application categories are divided into the public sector and general service sector. If applicants choose the public sector and submit ideas that align with the public interest, they can receive additional points in the document screening. Anyone can participate by forming a team of 2 to 5 members. However, at least one team member must be 39 years old or younger. University startup teams, entrepreneurship clubs, and seed-stage startups are expected to mainly participate.

The total prize money is 20 million KRW, which is the highest level among web service contests. Five project teams that pass the document screening will be given priority investment screening rights from mentor companies and employment opportunities. These five project teams will compete for awards through a final presentation on November 2 on the stage at Hankuk University of Foreign Studies Seoul Campus.

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