Gwangju Techno Park (Director Kim Young-jip) announced on the sixth that it has recently began recruiting startups for young prospective entrepreneurs within the region.

We’re in search of two start-ups to maneuver into the occupancy space of ‘i-Plex Gwangju’ through mail and door-to-door applications until the 14th. Goal is an organization that’s headquartered in Gwangju and operates inside 3 years of its establishment within the 4th industry, material management, etc., that are among the many 40 strategic fields.

Specifically, the age of the representative was set between 15 and 39 years old. In Korea, because the variety of young entrepreneurship cases has recently increased, the edge has been lowered to make it easier for them to access.

I-Plex Gwangju generally receives rent of 500,000 won monthly for a 20-pyeong apartment and 830,000 won monthly for a 40-pyong apartment, and the deposit is 50% of the annual rent. Nevertheless, the startups to be chosen this time are exempted from deposit and rent.

Chosen corporations can use it for six months from the date of signing the move-in contract. Additional occupancy opportunities are granted in units of six months through the occupancy extension deliberation process. Residency is allowed for as much as two years, but a further one-year extension is feasible whether it is recognized that there may be high potential for global commercialization, similar to exports and overseas expansion.

As well as, I-Plex Gwangju has a 3D printer facility, ‘Biz Studio’, so it is feasible to make prototypes. Convenience facilities include an investment counseling room, meeting rooms, a youth cafe, and a cafeteria.

An official from Gwangju Technopark said, “For the successful start of resident startups, we are going to strengthen their competitiveness through various incubation programs similar to specialized education similar to investment attraction, financial management, and participation in exhibitions, in addition to customized tutoring that matches entrepreneurship experts.”

Reporter Hojeong Na hojeong9983@aitimes.com