How to apply for Youth Entrepreneurship Support Fund
Are you hesitant to start a business because you have technology and business potential, but lack of funds?
The Youth Entrepreneurship Support Fund is for self-employed persons under the age of 39, prospective entrepreneurs, and companies that have been in business for less than 3 years.
It is a start-up support fund that anyone can receive 100 million won a year at a fixed rate of 2 percent, which is a low interest rate.
I will explain the 2023 Youth Entrepreneurship Support Fund and how to apply 
simply and easily.
Youth Entrepreneurship Support Fund
Youth Entrepreneurship Support Fund
1. What is Youth Entrepreneurship Support Fund (Entrepreneurship Support Fund)?
Youth Entrepreneurship Support Fund is a system in which anyone under the age of 39 can receive funding at a low interest rate in order to vitalize the start-up of small and medium-sized venture companies with excellent technology and business potential but lack of funds.
Youth Entrepreneurship Support Fund
2. Qualifications for applying for Youth Entrepreneurship Support Fund
Target: SMEs or prospective entrepreneurs whose representative is under the age of 39 and has been in business for less than 3 years
Support limit: up to 100 million won per company (within 200 million won for manufacturing and regionally specialized industries)
Loan period: (facility funds) within 10 years (grace period: within 4 years for collateral, within 3 years for credit) / (operating funds) within 6 years (grace period: within 3 years)
Loan interest rate: 2.5% fixed rate
※ Use of Funds: Production facilities and testing equipment introduction, funds required for informatization promotion and service provision, funds required for process installation and stability evaluation, funds required for installation of distribution and logistics facilities, funds required for construction of business sites, land purchase costs, funds required for lease deposit, business sites Secured funds, start-up costs, product production costs, and corporate management funds, etc.
3. Youth start-up support fund application deadline and application method
(1) Application period:
Online application for Youth Entrepreneurship Support Fund is accepted on a first-come, first-served basis, so you must apply as soon as possible to receive the support.
< March funding application period > April To be announced later
Regional Headquarters in Seoul and other regions: 2023. 3. 20 (Mon) 10 am-3. 21(Tue) 5pm
Gyeonggi and Incheon Material Regional Headquarters: 2023. 3. 22 (Wed) 10 am-3. 23(Thu) 5pm
If you apply for the support fund in March, the fund will be executed in early May after the eligibility determination and review committee evaluation in April.
(2) How to apply:
Since the Youth Entrepreneurship Support Fund is accepted on a first-come, first-served basis, you must access the website of the Small and Medium Venture Business Promotion Corporation and apply online. You can self-assess during the application process, so you can see if you are eligible.
👉 The Youth Entrepreneurship Support Fund is conducted by the Small and Medium Venture Business Promotion Corporation and is accepted on a first-come, first-served basis, so you must access and apply quickly.
Youth Entrepreneurship Support Fund
Access the website of the Small and Medium Venture Business Corporation (https://www.kosmes.or.kr)
If you have a business number, you can sign up as a corporate member, and in the case of a prospective entrepreneur without a business number, you can sign up as an individual member.
Youth Entrepreneurship Support Fund
Youth Entrepreneurship Support Fund
Youth Entrepreneurship Support Fund
Those who want more detailed information can inquire about the application process and method for the Youth Startup Support Fund through the Policy Fund Information Call Center (1811-3655). .