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2014『The Vitalization Business for Global Business Establishments for the Young』
Announcement for recruitment of (prep) Entrepreneurs on technology foundation program for foreigners
The recruitment of (prep) entrepreneurs on technology foundation program for foreigners under 2014 『The Vitalization Business for Global Business Establishments for the Young』is hereby announced to support the successful startup of businesses by identifying foreign (prep) startup entrepreneurs with promise.
1. Overview
□ Support
◦ Support for participating in the technology foundation program for foreigners of 2015 The VItalization Business for Global Business Establishments for the Young, certificate of award, and startup education are provided.
□ Organizer and Sponsor
◦ (Organizer) KISED, Global Startup Immigration Center
◦ (Sponsor) Small and Medium Business Administration, Ministry of Justice
□ Prize Award : Approximately five startup teams will be awarded.
* The final number of winners may vary depending on the decision of the evaluating committee.
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Award |
Number of Winning teams |
Support for the Winners |
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Grand Prize |
1 |
① Given priority assignment for the “technology foundation program for foreigners” of 2015 The Vitalization Business for Global Business Establizhments for the Young
② Additional prize(tablet PC, etc)
③ Support start-up education in collaboration with the Global Start-up Immigration Center
④ OASIS Program Credits for the issuance of a startup visa. |
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Gold |
1 |
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Silve |
1 |
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Bronze |
2 |
Support clauses ①, ② and ③ above |
* [Note] Credit system for a startup visa of the Ministry of Justice (⑤Invention and startup competition(OASIS-6) : 25 points)
* [Attachment 1.] Those who understand “2014 technology foundation program for foreigners” and are able to perform the relevant matters when they participate in the “2015 technology foundation program for foreigners”
2. Application and Eligibility for Support
□ Application Period and Method
◦ (Application Period) From Oct. 15, 2014 (Wed) ~ until 16:00, Nov. 13, 2014 (Thur)
* Application submitted by email within the application period will be eligible for consideration.
◦ (Application Method) Submit by email to (global@kised.or.kr)
- Documents to be submitted : ① application forms(including a written agreement for the use and provision of personal information, evidence (a copy of identification card, alien registration card, residence card, visa, etc.), business registration certificate (fact certificate in the case of a preparatory startup entrepreneur) ② business plan
□ Qualifications of an applicant: Overseas Koreans staying in or out of KOrea or foreigners who are preparatory startup entrepreneurs and who created a startup in Korea on or after Jan 1, 2014 (including the team members)
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Target |
Qualification of a Representative |
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Overseas Koreans |
☞ (Overseas Koreans) Korean nationals holding foreign permanent residence or living in a foreign country and residing there permanently.
☞ (Overseas Korean of foreign citizenship) Those who hold Korean citizenship or their direct descendants holding foreign citizenships. |
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Foreigners |
☞ Those who hold Bachelor’s degree or higher |
3. Procedures for Evaluation and Selection
□ Procedures for Evaluation and Selection of (Prep) Startup Entrepreneurs
◦ Phase 1 (Document Evaluation): Evaluate preparation of the startup teams and their business in terms of their appropriateness and excellence (Documents may be either in Korean or English)
- Extra points : Organizing a team with local Koreans to attract employment (2 points)
* Preparatory startup entrepreneurs must be local Koreans.
◦ Phase 2 (Mentoring Camp): 1:1 mentoring service is porvided to those who pass the document evaluation in terms of personality, will, capability, and business plan (Mentoring services are available in either Korean or English)
◦ Phase 3 (Presentation Evaluation): Evaluate the presentation of the technology and business of the startup based on the business plans disclosed during the mentoring camp.
- Evaluation Method : 20 minutes per team is given for presenting the
business plan (10min.) and for question and answers (7min.) (Presentations
may be given in Korean or English)
- Extra points : Extra points are given to teams giving presentations in
Korean, in recognition of the fact that speaking and understanding Korean
is important for a startup in Korea.(2points)
◦ Final Selection: Approximately 5 teams will be awarded according to their scores.
GIST Business Incubator will help any GIST student who would like to apply for this program with application and writing a business plan. Contact 062-715-2595
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