Ministry of SMEs and Startups Announces 'Integrated Notice for Women Entrepreneurs Development Project' for Female Founders

The government supports the growth of women entrepreneurs and women-owned businesses.

On the 7th, the Ministry of SMEs and Startups announced the '2024 Integrated Announcement for Women Business Promotion Projects,' consisting of a total of 10 projects including women entrepreneurship, market expansion for women-owned businesses, and workforce support for women-owned businesses.

This year, to promote the global expansion of women startup companies, the budget for women business promotion projects will be supported with a record-high amount of 10.49 billion KRW, including the establishment of a new global accelerating project.

Through this year's projects, the government will provide startup spaces to women (pre-)entrepreneurs via 18 women startup incubation centers nationwide. It will also support consulting necessary for business management and provide initial commercialization funds along with government awards through the 'Women Startup Competition.'

Furthermore, to secure sales channels for women-owned businesses' products, support will be provided to help them enter online platforms and home shopping channels. Electronic bidding education and bidding information services will be conducted to enable entry into the public procurement market.

The government will also operate the 'Women Business Professional Workforce Matching Platform' that connects women-owned businesses with professional personnel. Additionally, the 'Women Business Management Difficulty Support Center' will be supported to allow women-owned businesses facing management difficulties to consult with experts.

Shin Jae-kyung, Director of the Corporate Environment Policy Division at the Ministry of SMEs and Startups, stated, “The role of women-owned businesses is important for a new leap forward in our economy,” and added, “We hope that the women business promotion projects will greatly help the growth of women-owned businesses.”

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