The Business Foundation Support Group of Kyungil University (Director Gwang Gu Lee) stated that the ���admission ceremony for Tenant-style business support provider of industrialization��� was held at 10 a.m. on the 28th in the third floor conference room in the academic cooperation building.

Kyungil University was selected as an academy style entrepreneurship leading university. Thus, the university recruited applicants for business foundation and chose 47 subjects and held the ceremony. This project has had a high profile as 121 subjects applied right after the support group announced the notice on March 22nd. Finally, 47 subjects (production parts: 40, knowledge service parts 7) were selected through document assessment, presentation assessment, and in-depth interviews, therefore they are eligible to move into the business foundation support group building of KIU.

The BFSG of KIU provides up to 50million won as business startup funds including 51 rooms and office fixtures for the 47 selectees each. In addition to that, the space is equipped with a laser cutting machine, a CNC milling machine, a 3D printer and also provides more than 100 hours of mentoring by assigning an advisor and education programs for business foundation so that anybody may take the program more than 150 hours.

Besides that, they will cooperate with the HRD Center for auto parts and RIC auto parts test center of KIU and the equipment support is expected to take place from the designing phase to prototyping phase step-by-step.

Gwang Gu Lee, the Director of Business Foundation Support Group said, ���Since Kyungil University has been selected for the best Business Incubator Center for 10 consecutive years, all business founders can be Korea���s next Mark Zuckerberg through the best support system. Also, we will make Kyungil University the cradle of Venture Companies, similar to Silicon Valley.