Seoul 50 Plus Foundation Recruiting Participants for Jump Up 5060, a Startup Project for the New Middle-Aged

[Asia Economy Reporter Lim Cheol-young] The Seoul 50 Plus Foundation announced on the 28th that it is recruiting new participants for the customized startup support project for the middle-aged, ‘Jump Up 5060,’ which has been promoted in collaboration with LH (Korea Land and Housing Corporation) since 2019.

‘Jump Up 5060’ is a project specialized in supporting startups that focus on regional revitalization and the realization of community values. Participants are provided with a one-stop service for nurturing entrepreneurs in related fields. Since its launch in 2019, the ‘Jump Up 5060’ project has been conducted in 1st and 2nd phases, nurturing a total of 69 entrepreneurs. Among them, 23 teams that received commercialization funds have succeeded in starting businesses and commercializing their ideas, demonstrating high performance and satisfaction.

Participants in the ‘Jump Up 5060’ project are offered a systematic startup support program from entrepreneurship education to commercialization support, helping them engage in continuous and stable economic activities in new markets. The entire process, including entrepreneurship education, field training, dedicated close mentoring, advanced consulting, and commercialization fund support, is provided free of charge. Additionally, some support is given for necessary expenses such as education fees and practice allowances when participating in offline education.

Any middle-aged person (aged 50 to 64) who wishes to start a business in related fields can apply. Detailed information and participation applications are available from the 28th on the ‘Jump Up 5060’ website.

Nam Kyung-ah, Head of the Job Business Division at the Seoul 50 Plus Foundation, said, “It is encouraging to confirm that the successful startup cases produced through Jump Up 5060 have the potential to become new entrepreneurial role models for the middle-aged in the future.” She added, “The foundation will continue to prepare various startup support programs tailored to the characteristics of the middle-aged through active cooperation with institutions possessing expertise.”