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| For creating new high added value
industries and strengthening competitivness by cultivating
and developing venture firms. |
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Targets |
| - Those who are preparing for start-up
after being confirmed as a venture firm, or venture firms with
superior technical competency and business prospectives that
are 3 years old or less after start-up |
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Qualifications |
| - Enterprises that are categorized as
delinquent clients by financial institutes. |
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Application |
| - All year (selection of recipients
occurs once a month) |
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Limit
of Support (per firm) |
| - Up to 500 Million KRW |
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Terms
and Conditions |
- Interest rate: annual interest 3.0%
(floating rate)
- Period: 5 years (3-year installment payment after 2-year grace
period) |
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Venture
Firm Start-Up Fund Application |
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Application
Period and Place |
| - All year; Enterprise Support Sivision
of the provincial office |
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Documents |
| Fund application form (same form as
Start-Up and Competitiveness Fund Application Form), business
registration certificate, attested copy of business register
(only for corporation), copy of factory registration certificate,
certificate of venture firm, financial statements for the past
two years (only for existing firms; confirmed by certified public
accountants and licensed tax accountants), facility specification/catalogue/drawings,
certificate of local tax payment, other documents related to
the application form. |
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Evaluation
and Selection (selection and notification occur once a month
on average) |
| - Selection of firms with 50 points
or higher in the evaluation on the basis of evaluation standards
of relevant ordinances (Appendix 4) and final confirmation through
discussions with loan commission |
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