Seven Teams Selected in 1st Youth Start-up Support Program
Dongseo University students have been sweeping selections for government start-up support projects in recent months, with three teams in the field of preliminary start-ups and four teams in the field of early start-ups being selected for the First Youth Start-up Support Program in 2021.
The First Youth Start-up Support Program was prepared with the purpose of helping young entrepreneurs with potential to gain practical experience of the start-up process and to develop their capabilities. The program provides commercialization funding support up to a total of 20 million won, as well as giving young entrepreneurs networking opportunities and possibilities to be mentored by seniors as they overcome difficulties and hurdles. Also as a further motivation and reward, participants who stand out for their skills and entrepreneurship during the program will receive the benefit of being automatically allowed to participate in the program again in 2022.
In addition to and as a partial reflection of DSU’s success in this program, the number of student entrepreneurs at DSU is steadily increasing. In 2020, 17 student entrepreneurs were produced, recording grades far exceeding the national average. Under the university’s slogan of ’Easy Start Up,’ with the aim of continually revitalizing the region’s start-up culture, DSU runs many various customized support start-up programs every year, including club activities, hackathon contests, and the hosting of laboratory startup festivals.
Jeong Deo-woon, Director of the DSU Business Start-up Project, said, “Through this selection of start-up teams, DSU has completed verification of a complete full-cycle start-up support platform that enables young entrepreneurs to nurture their initial ideas, receive their necessary education, and ultimately launch successful startups.” They further added, “In order to further develop our support platform, we will continue to support promising young entrepreneurs so that they can develop into successful entrepreneurs, as well as striving for DSU to serve its ongoing role as a base for revitalizing local entrepreneurship and supporting growth.”
In addition to these successes in the start-up field, DSU has been selected for the 2020-2022 period for the Initial Startup Package Support Project run by the Ministry of SMEs and Start-ups (MSS), the Maker Space Establishment and Operation Project also run by MSS, and the Laboratory Startup Leading University Project run jointly by the Ministry of Education and the Ministry of Science and ICT, and has completed a full-cycle start-up support platform that connects the results of start-up education to actual start-ups. Furthermore, in 2021 it has been selected for even more various start-up support projects still, the most notable of which is the BI Operation Support Project, a new start-up incubation-related project providing the best service for nurturing young entrepreneurs.