"Anyone Can Start a Business"... Busan National University Recruiting Participants for "Everyone's Startup Project"
Up to 1 Billion Won in Support
A Nationwide Startup Program Open to All
Busan National University (President Choi Jae-won) has been selected as an operating institution for the Ministry of SMEs and Startups' "Everyone's Startup Project" and will begin recruiting aspiring entrepreneurs from across the country.
The "Everyone's Startup Project" is a new program launched this year and overseen by the Ministry of SMEs and Startups. It aims to support anyone with a creative idea in taking on the challenge of starting a business and to reduce the burden of failure.
A total of 118 institutions, including universities such as Busan National University and private investment firms, are participating nationwide to provide support through the entire process, from idea discovery to commercialization and investment linkage. Through a tournament-style evaluation, one final winner is selected after progressing through the TOP 100 and TOP 10 stages, and a total prize and investment fund of 1 billion won will be awarded.
The Busan National University Startup Support Group held an on-campus information session on the 3rd to explain the purpose of the project and how to participate. On the 16th, they organized a campus tour event, offering entrepreneurial aptitude assessments and SNS participation programs to boost student engagement.
Applications can be submitted online through the "Everyone's Startup Platform" until 4:00 p.m. on May 15.
Selected challengers will receive 2 million won in startup activity funds and AI vouchers. Further support at each stage includes prototype production funding (up to 10 million won) and the following year's commercialization funds (up to 100 million won), depending on their progress. The final winner will receive an additional prize of 500 million won and an investment of 500 million won.
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The Busan National University Startup Support Group stated, "Through this project, we aim to support the growth of aspiring entrepreneurs and contribute to the revitalization of the local startup ecosystem."
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