Gyeonggawon Supports Technology Startup Rechallenge Companies... Applications Open Until April 3

The Gyeonggi-do Economic Science Promotion Agency is recruiting participating companies for the ‘2025 Gyeonggi-do Technology Startup Rechallenge Support Project,’ which provides re-challenge opportunities to startups that have experienced business failure, until the 3rd of next month.

This support project aims to create an environment where re-challenge is possible after failure by selecting and supporting a total of 10 companies targeting ‘pre-restartup companies’ and ‘early restartup companies.’

Pre-restartup companies are those that have closed their business before the announcement date and are eligible for re-startup under the ‘Small and Medium Enterprise Startup Support Act.’ Early restartup companies are startups within 3 years of re-establishment in the province that have experienced business closure.

Selected companies will receive up to 30 million KRW in commercialization support funds (prototype production, marketing, intellectual property application, etc.) and startup capability enhancement programs (consulting, education, pitching contests, etc.).

Gyeonggi-do Economic Science Promotion Agency is recruiting participating companies for the '2025 Gyeonggi-do Technology Startup Rechallenge Support Project' until the 3rd of next month. Photo by Gyeonggi-do Economic Science Promotion Agency

Gyeonggi-do Economic Science Promotion Agency prioritizes selecting young re-entrepreneurs under the age of 39 to revitalize youth startups, planning to select at least 30% of the total recruits as young entrepreneurs.

The recruitment fields cover all technology sectors including ▲Information & Communication ▲Electricity & Electronics ▲Mechanical & Materials ▲Bio & Medical (Life & Food) ▲Energy & Resources ▲Chemistry (Chemical Engineering & Textiles) ▲Crafts & Design.

Lim Jong-bin, Head of the Startup Division at the Gyeonggi-do Economic Science Promotion Agency, stated, "Business failure is not the end but an opportunity to grow into a stronger company. We will spare no support for the successful comeback of re-entrepreneurs, and we hope this project will serve as a catalyst to further activate the startup ecosystem in the province."

Meanwhile, last year, the agency supported 15 companies, achieving results such as 12 new jobs, an increase in sales of 1.9 billion KRW, securing 17 intellectual property rights, and attracting 870 million KRW in external funding.

This content was produced with the assistance of AI translation services.