Find XO: The Ministry of SMEs and Startups Uses KRW 3.46 Trillion for Investment Instead of Screening (venturesquare.net)
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- The Ministry of SMEs and Startups is launching the "Everyone's Startup" project to discover 5,000 innovative entrepreneurs.
- Since 70% of the budget is allocated to non-metropolitan areas, teams preparing businesses locally should review the support criteria carefully.
- However, changing your location or product direction just to gain an advantage in selection may actually distance you from your customers.
- While the grant should be used to test hypotheses, the answers to the business should not be sought solely in the screening criteria.