Gyeonggi-do to Begin its Targeted Startup Program ‘G-Start’

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Gyeonggi-do(Governor: Nam Kyung-pil) revealed that it will start the G-START program at the Gyeonggi Culture Creation Hub located in Pangyo. The province plans to manage the program with its accumulated management experiences and develop multiple startup assistant programs.

‘G-START’ is a 5-step customized program that takes into account the life cycle of startups. It includes the necessary elements for startup from preliminary stages to growth stages. The five stages include A: basic capacities, B: practical capacities, C: initial investments, D: funding support, and E: overseas advancement. G-START A and G-START B, which are among the first in the G-START series, are designed to help aspiring entrepreneurs  and early founders learn the competencies including marketing, funding, and commercialization strategies and help business growth.

The first ‘G-START A’ program is divided into ‘pre-founder course’ for participants with business items and ‘entrepreneurial interest course’ for college students who are interested in starting a business. The ‘Pre-Founder Course’ is a three-week capacity building program that will take place from September 14th. The program will provide training on the know-how and marketing necessary for early-stage startups. The ‘Entrepreneurial Interest Course’ lasts for two weeks and will help participants improve the overall understanding of startups. The ‘G-START A’ program will recruit 25 participants in the ‘Pre-Founder’ course and 30 participants in the ‘Establishment Interest’ program until mid-September.

The ‘G-START B’ program is an 8 week intensive training program for early stage startups. Effective entrepreneurs, accelerators, and investors in the Korean startup industry will participate as instructors to share their insights in the initial know-how in the startup business, provide one-on-one business development consulting to diagnose business items, suggest improvements and establish future business direction. In addition, participating entrepreneurs  will be able to receive add-on points when applying for a Pangyo Culture Cultural Creation Hub Space, and receive follow-up accelerator supports through a linkage program of the executing agency. The G-START B program will start recruiting its first and second teams on September 13th, operate a total of 4 riders by January next year and support 20 promising initial start-ups (5 teams per each rider). The target participants are MVP (Minimum Viable Product)-owned company based in Gyeonggi-do and aspiring entrepreneurs  living in the Gyeonggi province.

 

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Jiwon is a tech writer, software engineer, data analyst, and a fan of any new tech invention. He is currently studying Computer Science and Statistics at Johns Hopkins researching Natural Language Processing. He believes that tech is the new superpower of our time, and he wants to do anything to further its development. You can reach Jiwon at jiwon.shin@techforkorea.com

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