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.

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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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