Home : Business Support : Venture Start-Up Support
 
 
For creating new high added value industries and strengthening competitivness by cultivating and developing venture firms.
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
Qualifications
- Enterprises that are categorized as delinquent clients by financial institutes.
Application
- All year (selection of recipients occurs once a month)
Limit of Support (per firm)
- Up to 500 Million KRW
Terms and Conditions
- Interest rate: annual interest 3.0% (floating rate)
- Period: 5 years (3-year installment payment after 2-year grace period)
Venture Firm Start-Up Fund Application
Application Period and Place
- All year; Enterprise Support Sivision of the provincial office
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.
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