Gyeonggi-do Invites Preliminary and Early-Stage Pet Industry Entrepreneurs... Up to 20 Million KRW Support

Gyeonggi Province and Gyeonggawon Recruiting Participants Until April 7
Support for Commercialization Funds Including Prototype Production and Intellectual Property Acquisition
20 Companies to Be Selected... Capacity Building Support by Startup Stage

Gyeonggi Province and the Gyeonggi Economic Science Promotion Agency (hereinafter referred to as Gyeonggawon) announced on the 17th that they are recruiting participating companies for the "Pet Industry Startup Discovery and Startup Support Project" to foster the pet-related industry.

Poster for Recruiting Companies Participating in the "Pet Industry Startup Discovery and Entrepreneurship Support Project." Provided by Gyeonggi Province

This project aims to nurture entrepreneurs with creative ideas and excellent technologies related to pets, thereby strengthening the competitiveness of the pet industry.

The recruitment period is from March 17 to April 7, and the target applicants are prospective entrepreneurs planning to start a business in Gyeonggi Province or early-stage entrepreneurs within three years of establishment. Ten companies each will be selected from prospective and early-stage entrepreneurs, and those selected for support will receive ▲ commercialization funds of 12 million KRW for prospective entrepreneurs and 20 million KRW for early-stage entrepreneurs.

The recruitment fields include ▲ premium pet food ▲ health and care products ▲ grooming and fashion items ▲ furniture ▲ ICT combined products related to the pet industry. Pet shops or simple retail and wholesale businesses, distribution businesses, and other small business startups are excluded.

Gyeonggi Province provides not only financial support but also acceleration programs tailored to each startup stage to help entrepreneurs successfully commercialize their businesses. Customized support such as self-diagnosis and consulting for startup companies, commercialization diagnosis, and selection of excellent companies through IR (Investor Relations) demo days is provided, with additional commercialization support funds awarded. Basic education and networking to support collaboration among companies are also offered.

Gyeonggawon plans to provide follow-up support such as customized consulting and opportunities to participate in demo days for startups that have completed the application process.

Byun Hee-jung, head of the Pet Division of Gyeonggi Province, said, "The pet industry is an important field that realizes the value of coexistence and animal welfare beyond simple pet culture," adding, "This year as well, we will discover and nurture innovative startups through this project and create a Gyeonggi Province where pets and people live happily together."

Applications can be submitted online by checking the announcement on the Gyeonggi Startup Platform and applying by 3 p.m. on April 7.

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