Asan Nanum Foundation Calls for Startup Pitches

The Asan Nanum Foundation, a non-profit, seeks innovative entrepreneurs. Applications are open for budding startups and entrepreneurs.

By Sunil Sonkar 2 Min Read
2 Min Read
Asan Nanum Foundation Calls for Startup Pitches

Non-profit organization Asan Nanum Foundation is seeking fresh entrepreneurial talent who are equipped with some innovative ideas. It announced Monday that budding startups and entrepreneurs are invited to submit applications.

, a non-profit organization established in 2011 to honor Hyundai founder Chung Ju-yung, is on the lookout for fresh entrepreneurial talent with innovative ideas.

Based in Seoul, South Korea, and founded in 2011 to honor Hyundai founder Chung Ju-yung, the foundation aims to launch their businesses for this year’s Chung Ju-yung Startup Competition. The startups which are around for less than two years are invited to take part in the competition and the deadline for applying is April 22.


The foundation has plans to initially select 30 teams and thereafter narrow it down to 12 in the final round after evaluating the businesses as well as their ideas over a six-month period.

The foundation is learned to be providing office space, seed funding and mentorship as well. The 12 finalists will get the opportunity to pitch their business ideas at a startup demo day in November. The total awarded financial support will be 240 million ($180,000) to the winners.

The foundation will come up with the first list of 30 teams in May 2025 and the 12 finalists will be revealed in September.

The Chung Ju-yung Startup Competition is an annual event and basically aims to support budding entrepreneurs as well as identify future leaders.

Chung Ju-yung was born in 1915. He was renowned for his forward-thinking approach, which transformed Hyundai into a major player in Korea. He is known for his willingness to take risks. He invested in cutting-edge technologies and explored new markets, despite facing skepticism and challenges.

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