The National Institute for Korean Medicine Development (President Jeong Changhyeon) will host the "2023 University Student Korean Medicine Startup Idea Contest" from September 22 to 23 at the Best Western Plus Hotel in Jeonju, Jeollabuk-do. The event aims to increase interest in Korean medicine among younger generations and utilize their creative ideas for industrialization.
The contest theme is startup ideas that can contribute to the development of the Korean medicine industry, such as herbal preparations combining Korean medicine theories with advanced science and technology, Korean medical devices, and new convergence technologies in Korean medicine. Applications are accepted even if there is no prototype.
Any university or graduate student nationwide with an interest in entrepreneurship and creative, innovative business ideas related to Korean medicine can participate individually or as a team (2 to 5 members). During the contest, participants will have opportunities for special lectures and mentoring on business model development, business plan writing, and effective presentation techniques.
University or graduate students wishing to participate must submit their application documents via email by September 17. Accommodation and meals at the hotel will be provided to participants, and after evaluation, a total of 7 million won (with 3 million won for the grand prize team) will be awarded to four outstanding teams.
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