University of Seoul's Startup Support Foundation participates in entrepreneurship project

The University of Seoul's Startup Support Foundation has been selected for the second phase of the government's 'Startup for All Project' funded by the Ministry of SMEs and Startups, which will recruit 10,000 entrepreneurs. The foundation will mentor 8,000 prospective entrepreneurs in general and technology tracks, providing 2 million won ($1,448) in startup support funding and customized AI solutions worth up to 1 million won for two months. Applications are open through Sept. 17.

The University of Seoul’s Startup Support Foundation will help foster innovative entrepreneurs by taking part in the government’s large-scale entrepreneurship support program, according to the university. The university said the foundation has been selected for the second phase of the “Startup for All Project” funded by the Ministry of SMEs and Startups. The project is designed to support aspiring entrepreneurs with innovative ideas in pursuing their startup ambitions. A total of 10,000 entrepreneurs will be recruited for the second phase of the project, twice the number recruited for the first phase. The university noted that it will serve as a mentoring institution for the general and technology startup tracks, in which 8,000 prospective entrepreneurs will be selected. Selected entrepreneurs will receive government-backed benefits, including 2 million won $1,448 in startup support funding and customized artificial intelligence AI solutions worth up to 1 million won for two months, as well as mentoring from experts. The application period runs through Sept. 17. Eligible applic