Gyeonggawon Supports 40 Preliminary and Early-Stage Startup Companies with Up to 30 Million KRW Each

The Gyeonggi-do Economic Science Promotion Agency is launching support for technology startups targeting prospective and early-stage entrepreneurs with innovative technology startup items.

On the 20th, the agency announced that by the 3rd of next month, it will select 40 companies, including 10 prospective startups and 30 early-stage startups with innovative ideas and technologies, to support their successful market entry by providing commercialization funds and startup capacity-building programs.

The support targets prospective entrepreneurs without business registration and early-stage startups within three years of establishment in the province. In particular, to revitalize startups in the northern Gyeonggi region, more than 10 companies located in northern Gyeonggi will be given priority selection.

Selected companies will receive commercialization funds necessary for prototype production, intellectual property application and registration, marketing, and more. Prospective entrepreneurs can receive up to 15 million KRW, and early-stage startups can receive up to 30 million KRW.

Gyeonggi-do Preliminary Early-Stage Technology Startup Support Participant Recruitment Poster

Additionally, they will receive capacity-building programs such as company diagnosis and consulting linked with professional accelerators, startup education, IR demo days, and investment consultation meetings.

The recruitment fields include all technology sectors applicable to prospective and early-stage startups, such as information and communication, electrical and electronics, mechanical materials, bio-medical, energy resources, chemistry, and craft design.

Lim Jong-bin, head of the Startup Division at the Gyeonggi-do Economic Science Promotion Agency, stated, "Through this project, we will support startups with innovative technologies and ideas to establish a foundation for growth and development," adding, "We will especially prepare concrete support measures to overcome the difficulties in the early stages of startups and lead to tangible results."

Meanwhile, a total of 35 companies received support through this project last year.

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