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[SITUATION] · [QUIET] · [BUSINESS]
2 clusters · 4 sources · 25 days · First seen · Last updated
South Korean startup support initiatives
Overview
South Korea is implementing various initiatives to support early-stage technology and climate entrepreneurs. Initial efforts included the Asan Nanum Foundation’s 15th Chung Ju-yung Startup Competition, which targeted categories such as Global software, Climate Tech, and Newcomers. Additionally, the Gyeonggi Innovation Center and the Band Foundation launched the ‘2026 NextValue Ground’ program to recruit companies in sectors like AI, AgriTech, and semiconductors, offering investments of up to 200 million won.
Support efforts have since expanded to include regional programs and festivals. The Ministry of SMEs and Startups initiated the ‘Everyone’s Startup’ project, conducting regional auditions across 17 cities and provinces to provide commercialization funds and mentorship. Concurrently, the Busan Creative Economy Innovation Center hosted the ‘BOUNCE 2026’ festival, facilitating investor meetups and exhibition opportunities for companies specializing in diverse technologies, such as eco-friendly materials and healthcare solutions.
Entities
Busan Creative Economy Innovation Center · Krafton · Band Foundation · Asan Nanum Foundation · Gyeonggi Innovation Center
Timeline
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[BUSINESS] 3 sourcesSouth Korea expands startup support through regional auditions and festivals
South Korean government agencies and regional centers are hosting auditions and festivals to support startups with funding, mentorship, and investor networking opportunities.
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[BUSINESS] 2 sourcesSouth Korean startup initiatives launch support for tech and climate entrepreneurs
South Korean organizations are launching new support programs for startups, including the Chung Ju-yung Startup Competition and the NextValue Ground investment initiative for tech sectors like AI and climate-te
Sources
biz.heraldcorp.com · platum.kr · startuprecipe.co.kr · venturesquare.net