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Nowon-gu, Seoul (Mayor Oh Seung-rok) announced that it will promote the '2024 Nowon-gu Campus Town Development Project' to revitalize youth entrepreneurship.

The 'Campus Town Development Project' is a program that fosters a cooperative relationship between universities and local communities to provide job and startup opportunities for young people, thereby revitalizing youth culture and promoting the mutual development of universities and nearby areas.

It was prepared in response to concerns that the decline in university freshman enrollment rates is weakening the talent development base, which could lead to reduced corporate investment in the long term and negatively impact the local economy.

This year, the Nowon-gu Campus Town Development Project will focus on ▲ nurturing startup companies ▲ revitalizing the local economy and enhancing urban competitiveness in collaboration with Kwangwoon University, Samyook University, and Seoul Women’s University.

First, Kwangwoon University will nurture technology startup companies specializing in fields such as robotics, energy, ICT, and bio. It aims to discover a total of 40 companies, including 8 prospective startups, and provide startup spaces based on performance and scale after screening. Separate from government startup support projects, the project will also support startup activities unique to the Nowon-gu Campus Town, such as brand development, prototype production, intellectual property application and registration, and marketing capacity enhancement for resident startup companies.

To establish a sustainable campus town ecosystem, Samyook University and Seoul Women’s University, which have built an organic cooperation system, will focus on creating added value for the local community centered around the 'Gyeongchun Line Forest Trail,' a representative cultural content of the area.

In particular, they plan to strengthen the regular operation of flea markets (Chuchu Market) to help local merchants promote their products and increase sales, while supporting the market to function as a continuous communication platform between young entrepreneurs and local residents.

Additionally, a consulting program called ▲Local+Care will be operated to strengthen the design capabilities of entrepreneurs and help young people secure competitiveness, and practical training related to the 6th industry (agricultural convergence industry) such as ▲Urban Farmer School and ▲Green Design Academy will be conducted to cultivate experts in related fields.

Meanwhile, the district operates a youth participation budget to guarantee the practical participation and rights of young people in district administration, and is promoting youth policies covering various fields such as housing, culture, and welfare, along with expanding job policies for young people who make up about 27% of the total population.

Oh Seung-rok, Mayor of Nowon-gu, said, “We are preparing various programs to nurture startup companies in promising fields in line with rapidly changing startup trends. We will continue to do our best to induce young people to settle in the region and contribute to revitalizing the local economy through cooperation among universities, companies, and local governments.”

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