540,000 Flock to 'Startup for All'... Fast-Track Review Introduced

537,000 Visitors, 9,000 Applications

The Ministry of SMEs and Startups has decided to introduce an "expedited review" process, allowing top mentor institutions with high application demand to begin assessments early, as the number of applicants for the "Startup for Everyone Project" has surged.

According to the ministry on April 17, as of 8 a.m. on this day, the Startup for Everyone Project website had recorded 537,000 visits, with 9,100 applications submitted. More than 9,000 ideas are currently in progress. The ministry believes that nationwide interest is growing.

Accordingly, to prevent delays in reviewing applications, the ministry will launch an expedited review process in which top mentor institutions with high application demand will begin evaluations in advance. The list of institutions that will conduct the reviews is scheduled to be announced on April 24.

In addition, to ensure fairness, official startup support programs such as startup activity funding and artificial intelligence (AI) solutions, outside of each institution's own programs, will be provided at the same time after 5,000 startup talents have been selected. These will be offered simultaneously at that point.

To enable the public to follow the application status for Startup for Everyone, a new "Idea Submission Status Page" has been created on the platform. Various statistics, including cumulative visitors, ideas being submitted, the top 10 institutions by number of idea submissions, and submission status by age group, will be provided hourly.

The ministry stated, "We will continue to develop more support measures to ensure that the Startup for Everyone Project truly serves aspiring entrepreneurs."

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