Creating innovative startup clusters where entrepreneurs can freely communicate, interact, and grow with investors, universities/research institutions, VCs, and other stakeholders
Metropolitan and provincial local governments
* Mandatory consortium formation with registered startup accelerators (AC) such as regional Creative Economy Innovation Centers within the jurisdiction
Total national budget of KRW 12.6 billion (1st Year: Design costs, KRW 500 million; 2nd Year: Development costs, KRW 12.1 billion)
* Equal or bigger amount of matching fund, KRW 12.1 billion won (local government funds) must be allocated.
Startup Park design and development costs
Apply through e-Korea Grant System website (www.gosims.go.kr) during the application period