– Preliminary, early, mid-term, and re-challenge startups customized support for each growth stage, five-track business announcement
– Digital New Deal, social venture sector support segmentation… Discovering innovative startups that will lead digital transformation
– Establish an opportunity for mutual growth by establishing a close cooperation system with the private sector such as large corporations and accelerators
The Ministry of Culture, Sports and Tourism (Minister Hwang Hee) and the Korea Creative Content Agency (CEO Cho Hyun-rae, hereafter referred to as Konjinwon) announced the ‘2022 Content Startup Support Project’ to nurture prospective founders and content start-ups who will lead innovation through the convergence of technology and content. It was announced on the 14th that it was recruiting participating companies (teams).
This year’s contents startup support project is worth 10 billion won in 5 projects and consists of ▲ idea convergence factory ▲ initial startup nurturing program ▲ startup leap program ▲ startup re-challenge program ▲ contents accelerating support project. In particular, the company plans to focus on discovering and nurturing content innovation startups that will lead the digital transformation by subdividing support into the digital new deal and social venture sectors and strengthening the linkage between support businesses.
The ‘Idea Convergence Factory’ is a total of 1 billion won, and supports the ideas of prospective founders to lead to start-ups through prototype development and initial commercialization. For this project, a total of 70 teams were selected in two areas of ▲Idea Commercialization Lab and ▲Preliminary Startup Lab, and a production activity cost of 5 million won per task, close mentoring, investment IR training, networking, and PR support programs to expand commercialization channels, etc. were provided. do.
In particular, ‘Contents Initial Startup Commercialization Support’ is worth a total of 3.3 billion won, and supports the nurturing of early start-ups within three years of founding. To select digital new deal-specialized startups ▲ To discover preliminary social venture startups that create digital new deal fields and social values ▲There are two tracks in the social venture sector.
In the Digital New Deal sector, up to 80 million won in commercialization funds are provided by selecting startups that prepare for digital transformation in the content sector or create a new market through the combination of content and new technology. In the social venture sector, up to 62.5 million won is supported by selecting venture companies that grow by solving social problems with innovative means.
The ‘Startup Leap Program’ provides support for a total of 2.9 billion won for mid-term startups within 3 to 7 years of their founding, which are in the leap phase. By creating innovative business Start-ups that will lead the digital transformation era are selected and supported up to KRW 150 million. In addition, we plan to strengthen indirect support for performance creation by supporting projects to advance into the global market for excellent projects and supporting related businesses within Congene One, such as the contents finance system.
The ‘Startup Rechallenge Program’ is a total of 900 million won and supports up to 70 million won for re-startup startups within 3 years. add strength
In addition to financial support, startups selected for the initial startup commercialization support, startup leap forward, and re-challenge programs receive customized support according to the growth stage and business characteristics such as consulting, mentoring, IR, biz matching, and PR marketing through the ‘content startup scale-up program’ can receive
The ‘Content Acceleration Support Project’ supports three private accelerators to build a startup ecosystem and revitalize startups. Selected accelerators receive up to 270 million won for startup nurturing and accelerator competency reinforcement costs, and 10 content start-ups for each accelerator are selected to conduct nurturing projects such as mentoring and investment attraction.
In addition, the ‘Contents Open Innovation (Confinity)’ project to discover excellent startups in collaboration with large companies and to build a self-sustaining startup ecosystem will be carried out with a total of 1 billion won. This year, we will discover and nurture start-ups that present technologies and innovative business models for various collaborations with large companies such as metaverse, NFT, IP, and utilization of idle space. .
Conjinone led the remarkable expansion of sales and investment attraction of supporting companies through customized support projects for each stage of content startups. The sales of 97 supported companies in 2017 increased from 10.5 billion won to a total of 79.2 billion won in 2021 from 123 companies, a sevenfold increase.
Also, in recognition of its contribution to job creation in the field of contents last year, Conjinone was awarded the ‘2021 Republic of Korea Job Merit Award’ hosted by the Presidential Commission on Jobs. Conjinone’s support for startups and job creation is evaluated as a meaningful achievement through continuous and close support despite the difficulties caused by COVID-19.
“Content startups are promising players who can open new markets and create innovation in the era of digital transformation,” said Cho Hyun-rae, president of Conjinwon. .
More detailed information and how to apply can be found through the notice posted on the Conjinwon website ( www.kocca.kr ) and e-Nara Help ( www.gosims.go.kr) . Companies wishing to apply for the project can apply through e-Narado by 11 a.m. on March 18 (Friday) with the qualifications and application documents.
