Chungnam Economic Promotion Agency Recruiting Participants for Middle-aged and Senior Startup Support

Applications Open Until the 31st
Practical Entrepreneurship Training and More Provided

Chungnam Economic Promotion Agency announced on the 6th that it is recruiting participants for its entrepreneurship support program targeting the middle-aged population.

This program is open to Chungnam residents born between 1961 and 1985 who possess knowledge-based or technology-based startup ideas. Both current entrepreneurs and prospective entrepreneurs are eligible to apply.

Applications are open until the 31st, and after a screening process, a final selection of 20 participants will be made.

Selected entrepreneurs will receive a comprehensive support package for startup success, including ▲30 hours of practical entrepreneurship education and networking ▲five expert consultations ▲business commercialization funding (up to 11 million KRW) ▲an overseas training program linked to an export consultation meeting in Indonesia (scheduled for November).

Director Kim Chanbae stated, "According to Statistics Korea, the average retirement age for the middle-aged is 49.4 years, leading to a growing demand for entrepreneurship for economic stability and self-fulfillment. We will actively support the middle-aged, who possess abundant experience and expertise, so they can take on new challenges and continue their economic activities."

Meanwhile, through this program last year, 19 entrepreneurs received a total of 160 million KRW in support funds, which enabled them to receive consulting and participate in overseas training. As a result, they achieved 3.48 billion KRW in sales and $24,400 in export performance.