Invest directly in small business startup items

A small business owner with a competitive start-up idea has been prepared to invest in the general public.

The Small Venture Business Division will hold a 'Crowd Funding Small Business Start-up Competition' from the 6th to the 22nd of next month.

Crowdfunding means funding from the crowd.

The ministry said it was the first time that a small business owner with creative ideas and ordinary investors with capital had joined to sponsor a small business start-up.

From the end of August, a total of 646 items were requested from the participants, and 47 items were confirmed through document screenings and mock contests to participate in final practice funding.

The 47 items range from idea products to enhance the convenience of living, to health-related products, to disaster and safety products.

The medium-term department supported specialist mentoring, production of publicity materials, and transfer of know-how in order to optimize the items for crowdfunding.

If you are interested in investing in a small business, you can access the online platform and invest in the item of interest. (December 6 to 25) and the second (January 3 to 22 of next year).

The medium-term government plans to select the top 10 teams by evaluating the business performance and professionalism among the small-business participants who have achieved their investment targets. They will receive a total of KRW 40 million in prize money and be listed, and they will be able to receive mid-term business support next year.

"Through this conference, we have built a framework for financing that meets PinTech beyond the traditional small business policy funding system." "We hope that a lot of people will participate in establishing a small business startup with excellent items," he said.