
Selection of around 15 teams... Up to 100 million won in commercialization funds
AI-generated summary
The Ministry of Agriculture, Food and Rural Affairs will hold a rural startup competition in 2027 to discover excellent startup companies utilizing rural resources.
The Ministry of Agriculture, Food and Rural Affairs announced on the 12th that it will be recruiting participants for the '2027 Rural Startup Contest' from the 13th to the 10th of next month to discover excellent startup companies utilizing rural resources.
In this competition, around 15 teams will be selected and a total of 135 million won in prize money will be awarded, and up to 100 million won in commercialization funds will be provided in connection with local governments.
Participants are entrepreneurs or would-be entrepreneurs who are based in rural areas and run businesses using local tangible and intangible resources. Start-up companies must have less than 7 years of experience.
Applications for participation can be made on the Rural Entrepreneurship Contest website until 6 p.m. on the 10th of next month. The final winning team is selected through written, on-site, and presentation screening.
Winning companies will also be provided with the opportunity to participate in 'Rural Startup Leap+', a product development and sales channel development support program in conjunction with Hyundai Department Store Group and World Vision.
In addition, we will provide free use of prototype production equipment at the Korea Food Industry Cluster Promotion Agency's Youth Food Entrepreneurship Center for one year.

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