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Today, we will take an in-depth look at the Startup Leap Package (Startup Scale-Up Program).
The Startup Leap Package is a government-funded initiative designed to help scale-up phase startups with promising technology-based products innovate their business models and advance their products and services.

Eligible applicants are startups that have been in business for more than three years but less than seven years, currently navigating the scale-up phase. For reference, based on the 2023 guidelines, companies that previously participated in the Early-Stage Startup Package, the Re-チャレンジ (Re-Challenge) Success Package, or the Startup-Focused University program can apply through a "Fast Track" option if they meet the eligibility requirements. In addition to commercialization funding, the program provides tailored support for scaling enterprises, including attracting follow-on investments and expanding into global markets. It also leverages the infrastructure of major corporations to support joint commercialization, investment opportunities, marketing, training, and consulting.

The agreement period is within 10 months from the start date, and approximately 394 companies are selected in total.

Eligibility (Based on 2023 Guidelines)

• (Scale-Up Stage Enterprises) Representatives of small and medium enterprises under Article 2, Paragraph 1 of the Framework Act on Small and Medium Enterprises, and representatives of start-up enterprises under Articles 2, Paragraph 2 and 3 of the Support for Small and Medium Enterprise Startups Act, whose businesses have been operating for more than 3 years and less than 7 years as of the announcement date.

• (Fast Track Enterprises) Companies that have participated in the respective year's Early-Stage Startup Package, Re-Challenge Success Package, or Startup-Focused University (early-stage startup) programs and meet the qualification requirements.

Application Categories (Based on 2023 Guidelines)

• (Track 1: General Projects) All sectors, including manufacturing and services. Approximately 294 companies in total.

• (Track 2: Collaborative Projects) ① 5G, ② Eco-friendly, ③ Finance, ④ Deep Tech, ⑤ Digital Transformation, ⑥ Smart Yard, and ⑦ Digital Services sectors. Approximately 100 companies in total.

• Startup Leap Package Host Institutions (Status of the 13 Host Organizations)

Support Details (Based on 2023 Guidelines)

• Agreement Period: Within 10 months from the start of the agreement

• Support Scope

  • Commercialization Funding: Up to KRW 300 million (Average of KRW 120 million)

  • Startup Support Programs: Attracting follow-on investments and global market expansion

  • Corporate Collaboration Programs: Leveraging major corporations' business infrastructure

Evaluation and Selection (Based on 2023 Guidelines)

• Evaluation Process: Final selection made through a 2-step evaluation process (Document Review → Presentation)

• Eligibility Review → Document Evaluation → Presentation Evaluation → Final Selection

As explained, the Startup Leap Package is an excellent opportunity not just for early-stage startups, but also for established businesses operating for over three years. Utilizing this program effectively can significantly drive your business growth.

We will return with more useful resources and professional guides in our next post.

Thank you.