Ministry of SMEs and Startups Holds Second "Everyone's Startup" Campus Tour at Korea University

Sharing Experiences with First-Round Challengers and Lead Mentors

The Ministry of SMEs and Startups held the second “Everyone's Startup Campus Tour” at Korea University on September 10, where officials met with university students and young aspiring entrepreneurs to listen to their opinions on policy support.

Noh Yongseok, First Vice Minister of the Ministry of SMEs and Startups (fourth from the left), is taking a commemorative photo with participants at the "2nd Everyone's Startup Campus Tour On-site Meeting" held on the 10th at Korea University in Seongbuk-gu, Seoul. Ministry of SMEs and Startups

This campus tour was organized to promote the contents and participation opportunities of the second round of “Everyone's Startup” support, so that outstanding ideas can be realized as actual startups, and to share the experiences of participants from the first round with future entrepreneurs.

The Ministry of SMEs and Startups provided an overview of the main support areas and upcoming schedule for the second round, while Korea University, as the mentoring institution, presented operational outcomes from the first round and plans for the second round of incubation.

During the talk concert, mentors and first-round participants met with students and shared their motives for joining “Everyone’s Startup,” as well as their experiences of trial and error and how they overcame challenges during the process of refining their ideas. Based on their real-world experiences using mentorships, startup funding, and artificial intelligence (AI) solutions, they provided practical advice to young people preparing for their own startups.

Korea University, in order to help students ease their academic burden and take on entrepreneurial challenges, extended the basic startup leave of absence period from two years to three years starting this year, and reformed the system to allow further extensions in one-year increments.

No Yongseok, First Vice Minister of the Ministry of SMEs and Startups, stated, “Universities are the most important starting point, where new ideas, technologies, and talent come together and connect to entrepreneurship. I hope that the trial and error as well as the real-life experiences shared by today’s pioneering entrepreneurs will inspire students who are considering entrepreneurship to think, ‘I, too, can take on this challenge.’”

“Everyone’s Startup” is a startup platform that supports anyone with ideas and ambition to take on entrepreneurship. The second round will select 10,000 participants, which is double the number from the first round. Applications for the second round of the “Everyone’s Startup” project will be accepted until 4:00 p.m. on September 17.

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