Korea University Selected as Best Institution for 'Early Startup Package'

Korea University announced on the 19th that it was selected as the best institution in the '2022 Early Startup Package Project.'

Korea University campus view. [Photo by Korea University]

The 'Early Startup Package Project,' overseen by the Ministry of SMEs and Startups and organized by the Korea Institute of Startup & Entrepreneurship Development, supports startups within three years of establishment to enter the market and grow. This year, a total of 595 companies were selected to receive up to 100 million KRW, with an average of around 70 million KRW in commercialization funds, along with programs aimed at entering target markets.

Since being first selected as the lead institution in 2019, Korea University has discovered 87 startups over four years until 2022, achieving sales of 44 billion KRW, employment of 475 people, and attracting approximately 19 billion KRW in investments.

Cheon Hong-gu, head of Korea University's Crimson Startup Support Group, said, "We plan to continue discovering excellent deep-tech startups and provide tailored support to help them grow," adding, "We will design various support programs based on Korea University's outstanding startup infrastructure."

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