Supporting successful (pre-) rechallenge startups by providing comprehensive assistance including education, mentoring, and commercialization fund to pre- or early-stage re-entrepreneurs with past failure experiences and excellent business ideas. It also aims to improve public perception of re-challenging entrepreneurship.
Prospective re-entrepreneurs or rechallenge startup founders within seven years of re-establishment
KRW 16.629 billion / Approximately 201 participants
Max. KRW 100 million in funding for business operations, rechallenge startup education and mentoring programs
① (Prospective) re-entrepreneurs` application
② Eligibility screening
③ Integrity management assessment
④ Document screening and presentation evaluation
⑤ Selection and agreement signing
① Commercialization fund
② Re-startup education and mentoring
③ Modules for rechallenge startups
① Commercialization (early-stage startups, scale-ups
② Fund for rechallenge startups (via Korea SMEs and Startups Agency)
③ Preferential guarantees (SGI, Korea Technology Finance Corporation)
Scheduled for February 2025
Online application and submission through K-Startup website (www.k-startup.go.kr)
Application form, business plan, certificate of business closure, and other relevant attachments