“Supporting 300 start-ups with KRW 45 billion” Government fostering non-face-to-face start-ups

Provided by the Ministry of SMEs and Startups

The government will select 300 non-face-to-face start-up companies and provide up to 150 million won in commercialization funds per company. The Ministry of SMEs and Startups announced on the 26th that it would promote a ‘2022 non-face-to-face startup nurturing project’.

The project will be carried out in collaboration with 12 government ministries, including the Ministry of Trade, Industry and Energy, centering on the Ministry of SMEs and Startups. After each ministry evaluates and selects start-ups by reflecting the policy directions in their respective fields, the activities are conducted in the form of providing specialized programs for each field. The Ministry of SMEs and Startups will invest 45 billion won in total budget to provide up to 150 million won in business funds per company.

The target of the support is 300 start-up startups and startups with less than 7 years of experience. The Ministry of SMEs and Startups and the Ministry of Health and Welfare announced that they plan to select innovative start-ups by actively considering new industry trends related to non-face-to-face such as metaverse (3D virtual space), which has been in the spotlight recently.

Those wishing to participate in the project can apply online through the K-Startup website (www.k-startup.go.kr) from 2:00 pm on the 9th of next month to 6:00 pm on the 25th of the following month. After the application/receipt, the final support company is selected through the evaluation of documents and presentations by the host organization for each specific field.

The business briefing session will be held online through the YouTube channel of the Korea Startup Promotion Agency on the 8th of next month. For more information, please contact the K-Startup website or call the integrated call center (1357). Noh Yong-seok, director of start-up promotion policy at the Ministry of SMEs and Startups, said, “The non-face-to-face sector is a field that leads the transition to the digital economy by applying various advanced technologies. said


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