The Gangwon Creative Economy Innovation Center (CEO Hae-Jeong Lee, hereinafter referred to as the Gangwon Innovation Center) announced that it is recruiting companies to participate in the 2026 Local Venture Business Fostering Project, which will connect the region's unique value to business, until February 8th.
This project, supported by the Gangwon Special Self-Governing Province (Governor Kim Jin-tae) and organized by the Gangwon Innovation Center, aims to discover local venture companies that create economic value by combining the region's natural and cultural characteristics with innovative ideas, and to develop them into representative regional companies through customized support.
This year, a total of 20 companies will be selected: six in the startup phase, eight in the established phase, and six in the growth phase. The support system has been refined based on each company's growth stage. Companies in the established phase (those in operation for one to three years) will receive up to 50 million won in commercialization funds, while those in the startup phase (preliminary or less than one year) and the growth phase (those in operation for three to seven years) will receive up to 40 million won.
In addition to financial support, selected companies will receive specialized training in business, finance, and taxation, as well as networking and promotional marketing opportunities, all part of the Gangwon Innovation Center's capacity-building program.
Applications for the business are accepted until February 8th, and further details can be found on the Gangwon Creative Economy Innovation Center website.
Meanwhile, the local venture business incubation project, operated with support from the Gangwon Special Self-Governing Province, has supported approximately 120 companies over the past five years, starting in 2021, and has contributed to the revitalization of the local economy and job creation, generating approximately KRW 38 billion in cumulative sales and creating approximately 230 new jobs.
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