The Women's Entrepreneurship Competition is the only female (potential) entrepreneurship competition in Korea that aims to discover female entrepreneurs with excellent ideas and business items and to promote female technology entrepreneurship. This year marks the 26th anniversary.
A total of 1,131 teams participated in this competition, which selected 40 final winners (competition rate 28:1), and in line with the purpose of the competition to promote technology startups, 79.5% of the participants were female (or potential) entrepreneurs in technology startup fields such as biohealth and education services.
The grand prize (Minister of SMEs and Startups Award, prize money of 20 million won) went to CEO Sojin Jeong of BeyondDX, who developed a lung cancer diagnosis technology based on a combination algorithm using multiple blood markers.
The grand prize winners were ▲CEO Min-kyung Cho of Singing Beetle, who developed a high-efficiency K-POP global idol training platform, and ▲Hee-jin Lim (pre-startup), who developed a global AI-generated content marketplace.
The Excellence Awards went to ▲ CEO Yoon Eui-jin of LJM Company, who developed an AI-based redevelopment and reconstruction association operation management (DX) SaaS system, ▲ CEO Shin Jeong-eun of Boynosys, who developed a dementia prevention AI healthcare service, and ▲ Choi Jo-young (preparatory startup) who developed an AI-based medical device performance report review and licensing document preparation automation solution.
The winners of the competition will receive follow-up programs such as commercialization support and investment attraction linkage along with awards, and the top 26 teams among the winners will also be given the benefit of advancing to the Challenge! K-Startup integrated finals scheduled to be held in September of this year.
Vice Minister Kim Seong-seop said, “The Women’s Entrepreneurship Competition, now in its 26th year, has become a hotbed for discovering and nurturing technology-based female entrepreneurs,” and added, “The Ministry of SMEs and Startups will actively support female-owned businesses to grow and thrive by pursuing customized policies for each cycle from startup to scale-up and global expansion.”
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