Kakao Enterprise announced that it will launch the ‘Win-Win Boost Up Project – Re:born’ to support the growth of re-challenge startups. Kakao Enterprise has signed a business agreement (MOU) worth 14 billion won with the Korea Institute of Startup and Entrepreneurship Development and plans to actively support startups dreaming of taking a leap forward with excellent ideas over a four-year period starting in 2023.
The Win-Win Boost Up Project is Kakao Enterprise’s representative startup support program. Following the ‘KDB Kakao Enterprise, together with the Korea Institute of Startup and Entrepreneurship Development, realizes the value of coexistence and establishes new partnerships between participating companies to create a healthy digital ecosystem that grows together.
Any tech-based company that requires cloud technology among re-startups can apply for this project. Applications for participation will be open for about a month starting from the end of October, and after document evaluation and in-depth interviews by Kakao Enterprise experts, a total of 10 companies will be selected for the first phase of the win-win boost-up project – Re:born.
Kakao Enterprise provides ‘Kakao i Cloud’ credits worth up to KRW 100 million to the first group of companies and supports the paid version of ‘Kakao Work’, a comprehensive work platform, free of charge for 12 months to ensure stable cloud-based business. Helps you live as a In addition, the first companies will be given up to 200 million won in re-commercialization funds from the Ministry of SMEs and Startups.
The two companies will join hands to provide not only financial benefits such as digital assets and commercialization funds, but also a business environment for commercialization such as infrastructure and education that can substantially help startups grow. We plan to continue to provide all-round support, including corporate PR and marketing support, as well as direct investment and linkage with government-supported projects.
Kim Yong-moon, director of the Korea Institute for Startup and Entrepreneurship Development, said, “With the business agreement with Kakao Enterprise as an opportunity, we will work harder to create a re-startup ecosystem through public-private collaboration.”
Baek Sang-yeop, CEO of Kakao Enterprise, said, “Kakao Enterprise has supported capable domestic startups through various programs,” and added, “The win-win boost-up project-Re:born provides a challenge to companies dreaming of restarting their businesses even in difficult environments to realize their dreams.” It is very meaningful to be able to provide a stepping stone. “We will continue to work to ensure that this support turns into practical results.”
Meanwhile, detailed information about the win-win boost-up project – Re:born can be found on Kakao Enterprise’s official website and K-Startup website from the end of October.
Source: Pangyo Techno Valley Official Newsroom
→ Go to ‘Asian Innovation Hub Pangyo Techno Valley 2022’ news