The Ministry of SMEs and Startups announced on August 19 that it will begin accepting applications for the second round of the 'Everyone's Startup Project' from August 20 to September 17.
The Everyone's Startup initiative is a platform designed to foster entrepreneurial talent by allowing anyone with an idea to pursue a startup, supported by government investment. The first round attracted over 63,000 applicants, from which 5,000 were selected.
The second round will double the number of participants to 10,000, with 8,000 spots in the general and technology tracks and 2,000 in the local track. The eligibility for existing entrepreneurs has been expanded from three years to seven years, allowing for re-entrepreneurship. Those who were unsuccessful in the first round will receive preferential treatment.
In line with the project's goals, more than 80% of the total participants will be prospective entrepreneurs, and over 70% will be from non-metropolitan areas.
Starting on August 21, information sessions for the second round will be held sequentially in 17 regions. These sessions will outline the government's project direction and showcase the achievements of key incubators, including The Invention Lab and Korea University. Specialized support plans from each incubator will also be revealed to prospective participants.
Joo Kyung-won, Director of Startup Policy at the Ministry of SMEs and Startups, stated, "The second round of the Everyone's Startup Project has been designed to broaden the doors to entrepreneurship while strengthening the support system based on feedback from the field. We hope to see citizens who are not afraid of failure boldly challenge themselves and share their ideas with the world."
* This article has been translated by AI.
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