CMK CampusPreneur launched Support for turning local community issues into businesses
Hyundai Chung Mong Koo Foundation has launched a program to nurture aspiring university entrepreneurs who will solve local community problems through innovative businesses.
The foundation said on the 18th that it held the first CMK CampusPreneur boot camp from the 12th to the 14th at the Global Biz Center in Pangyo Techno Valley II, Gyeonggi Province. The event brought together 20 aspiring university entrepreneurs and 38 team members selected from five regions nationwide.
CMK CampusPreneur is a program the foundation introduced this year as part of the Hyundai Chung Mong Koo Entrepreneurship initiative. It aims to train aspiring founders so that university students can identify local community problems and solve them through business approaches.
The boot camp focused on turning early ideas into viable business models. Participants experienced the startup process through lectures on entrepreneurship, business model refinement, brand communication, product-market fit analysis, competitor analysis, key performance indicator setting, and investor relations pitching.
Current founders also took part, including Kim Hyo-yi, CEO of Inersia; Jin Hae-su, CEO of Join & Join; Shin Won-hyeop, CEO of InvaLab; Hayeon Kim, CEO of Nanum Vitamin; and Seo Dae-gyu, CEO of Big Mobility. They shared their startup experiences and provided mentoring in their respective fields.
On the final day, 20 teams presented the business models they had developed during the boot camp in an IR pitching session.
The grand prize went to Reblock. SafeOps and Ieumpyo won the top prizes, while Bom-i and O/EN received excellence awards. The winning teams will each receive 1 million won in project funding and a follow-up acceleration program.
Kim Min-chan, leader of the Reblock team, said, “Through the workshops and mentoring, we were able to turn vague ideas into concrete business models and clarify our future direction for execution.”
A foundation official said, “We will continue to support young people so they can take on social challenges based on entrepreneurship and grow into impact entrepreneurs who create real change.”
This article has been translated by GripLabs Mingo AI.
