Background

• Accelerating youth outmigration requires the creation of quality jobs through startup ecosystem development.
• Expansion of youth agribusiness startups and smart farming initiatives is underway.

Objectives

• To foster settlement-oriented talents by expanding university-based entrepreneurship ecosystems.
• To increase startup sustainability through linkage with provincial venture investment.

Key Initiatives

Cultivation of Entrepreneurial Talent through the Development and Operation of Entrepreneurship Education Programs

• Development and operation of entrepreneurship education programs, along with institutional improvements to promote start-ups

  * Examples: Operation of entrepreneurship-friendly academic systems, including leave of absence for start-ups, recognition of start-up activities as substitute academic credits, early graduation, and support for start-up scholarships

• Promotion of technology-based start-ups within universities and expansion of an entrepreneurship and job-creation culture

· Promotion of technology commercialization through collaboration with Jeonbuk State–based start-up companies and research and innovation institutions

· Expansion of entrepreneurship culture through start-up and job-creation competitions, start-up incentives, and related programs

Establishment of Entrepreneurship Infrastructure and Creation of a Shared Start-up Environment

• Improvement of existing on-campus start-up incubation facilities and establishment of co-working and joint start-up spaces
• Support for growth-stage incubation spaces after graduation from start-up and incubation centers, linked with the Ministry of Land, Infrastructure and Transport’s Campus Innovation Park Program
• Provision of support linked to Jeonbuk State start-up and venture funds
• Support for consulting, technology diagnostics, marketing, and other services required for start-ups, in linkage with programs operated by the Jeonbuk State Institute for Economic & Trade Promotion and the Center for Creative Economy & Innovation

Annual Implementation Plan (Example)