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Startup Foundation Support Fund

At a Glance

Financials

Budget

₩1,000,000M

Scale

Max. per recipient

Avg. per recipient

Benchmarks

Budget

₩1,000,000M

882% above average

Introduction

To activate startup of early-stage small and venture businesses with excellent technology and business feasibility but difficulty in raising funds from private financial institutions, and to promote job creation

Program Description

Loan support for facility funds such as business premises purchase and machinery equipment installation, as well as working capital including raw materials and labor costs

Eligibility Criteria

Prospective and early-stage entrepreneurs under the "Small and Medium Business Startup Support Act" Article 2; Small and medium enterprises with less than 7 years of business history (Small and medium enterprises in the new industry startup sector with less than 10 years from business commencement date)

Characteristics

Startup Foundation Support Fund Detailed Loan Terms

Classification	Loan Terms
Loan Limit	Up to 6 billion won per year (Working capital up to 500 million won per year)
Loan Period	(Facility Funds) Up to 10 years, (Working Capital) Up to 5 years
Loan Interest Rate	Policy Fund Base Rate (Variable) - 0.3%p
Loan Method	Direct Loan, Indirect Loan, Growth Sharing Type, Investment-Conditioned Financing