Seoul is opening a residential coworking space for young entrepreneurs and is accepting applications for it until June 30th.
The entrepreneurial space can accommodate up to 20 people from 8 different companies. Any startups in the contents, technology, and social ventures are eligible to apply. However, the entrepreneurs must be residents of Seoul in their 20s.
In the first round of the application process, the judges will consider the business model, the technological sophistication, and the widespread application of the services/products. After the preliminary application process, the filtered applicants then will be selected through a period of education process and an in-person assessment.
The entrepreneurs will only be required to pay the maintenance cost, without paying the rent. The duration of stay lasts up to 2 years.
The services provided by the government will include networking events, educational events, mentoring, and internships.
For more information about the details of the application process, visit their homepage and the K-startup page.
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