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Acceleration in Knowledge & Technology Youth Startup Support Project and Startup Development Project

2018.02.12    18

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Acceleration in Knowledge & Technology Youth Startup Support Project and Startup Development Project
Customized Support for Startup Development Stages

Ulsan Metropolitan City pushes forward with the ‘Knowledge & Technology Youth Startup Support Project’ to support startup founders and those preparing for startups based on superior knowledge and technology. The city also promotes the ‘Startup Develop Project’ to discover promising startups and help them grow as leaders of local small and medium-sized companies.
A total of 520 million KRW (220 million for the Knowledge & Technology Youth Startup Support Project and 300 million for the Startup Development Project) is invested in the projects, which are supported by Ulsan and overseen by the Ulsan Technopark Business Support Group.
Startup founders who have been in business for less than one year as of the application due date and those planning to start a business can apply for the Knowledge & Technology Youth Startup Support Project. Applicants should be Ulsan citizens between the ages of 18 and 39, and their businesses should be based in Ulsan. After an in-depth interview based on applications, a total of 16 businesses will be selected as the 8th group of new enterprises of the Knowledge & Technology Startup Center. Ulsan will provide offices, startup consulting, and PR support for selected businesses. They will also be able to participate in various events and seminars held by Ulsan Technopark.
The Startup Development Project is for promising enterprises which have been in business for seven years. A total of seven businesses will be selected after an application review process, presentation, and on-site survey. Selected businesses can receive various business support according to the business support road map and their development stages. Ulsan will provide a business management diagnosis service for the selected businesses, help establish business plans, and support them in customized business promotion (up to 30 million KRW per business).
Applicants should submit their applications and required documents via the U Biz Platform ( before February 23. Visit the website of Ulsan Technopark or call Ulsan Technopark Business Support Group (☎ +82-52-219-8585) for further information.
The projects are expected to develop small and medium-sized businesses which can revitalize the local economy and provide successful business models for Ulsan youth startup support policies by discovering and offering early support for promising startups.
The Knowledge & Technology Youth Startup Support Project which began eight years ago has supported 117 startups so far. In addition, 19 startups supported by the Startup Development Project launched in 2015 have been strengthening the foundation for high-speed growth by stabilizing their management, increasing sales, and employing more people.
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