[Asia Economy Reporter Kim Cheol-hyun] Asan Nanum Foundation (Chairman Han Jeong-hwa) announced on the 9th that it is recruiting participants for the global team startup program "Asan Sanghoe" to support young people who are excluded from startup opportunities.
Asan Sanghoe is a program newly introduced by Asan Nanum Foundation last year, aiming to spread Asan's entrepreneurial spirit to young people who have had no opportunity to cultivate entrepreneurship and to help them become independent and grow through startups. Asan Sanghoe is largely divided into startup incubating and accelerating phases. From April to August, a total of four months will be the incubating period, and after holding a showcase presenting each team's business model in the final stage, the selected teams will officially start the startup accelerating process from September.
Those who enter the accelerating phase through startup incubating will be provided with 3 million KRW in business funds. Only teams who complete all processes will receive up to 50 million KRW in matching subsidies from Asan Nanum Foundation when attracting investment. They can also enjoy various benefits provided by Maru180, the startup support center operated by Asan Nanum Foundation.
The recruitment target is 30 young people including North Korean defectors, foreigners, and Korean youth, and applications can be submitted on the Asan Nanum Foundation website until April 3. The participants who will finally join the program will be announced on the 14th of next month. Han Jeong-hwa, chairman of Asan Nanum Foundation, said, "Asan Sanghoe is a global team startup program started for North Korean defectors and domestic and international youth who will lead the business of a unified Korea," adding, "We hope that many people who were excluded from startup opportunities can prepare for a world they will create together through Asan Sanghoe."
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