Recruitment of Participating Companies for the 'Global Startup Founding and Commercialization Support Project'
Recruitment for the '2025 Global Startup Commercialization Support Project' begins
Up to 60 million KRW in commercialization funds and support for investment attraction
Part of inbound activation policy... Over 10 to 1 competition ratio last year
The Ministry of SMEs and Startups announced on the 18th that it is recruiting participating companies for the '2025 Global Startup Commercialization Support Project.' The Global Startup Commercialization Support Project aims to promote domestic startups by foreign entrepreneurs with technological capabilities and overseas startups, with all procedures from the recruitment announcement to application, reception, and selection evaluation conducted in English.
If selected for this project, companies will receive commercialization funds (up to 60 million KRW) required for business model advancement and localization, along with linked programs such as investment attraction and collaboration with large and medium-sized enterprises operated at the Global Startup Center.
Since last year, the Ministry of SMEs and Startups has been actively promoting inbound startup policies (domestic startups by foreign entrepreneurs), including the opening of the Global Startup Center, a support space for foreign entrepreneurs, and the establishment of the Startup Korea special visa. The Global Startup Commercialization Support Project is also part of the inbound activation policy; when it was piloted last year, 102 companies applied for 10 available spots, showing a competition rate exceeding 10 to 1.
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Jo Kyung-won, Director of Startup Policy at the Ministry of SMEs and Startups, said, “We will promote the globalization of the startup ecosystem so that our startup ecosystem can take a step forward based on global diversity,” adding, “We hope that through this support project, innovative global startup companies will flow into the Korean startup ecosystem and have a foundation to grow domestically.”
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