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A total of 350 applicants were selected up to this year... Various benefits, including up to 300 million won in market development funds.
The Ministry of SMEs and Startups announced on the 26th that it has selected 50 ‘baby unicorn’ companies with a high potential to grow into global unicorns.
The Baby Unicorn Development Project is part of the "Global Unicorn Project," which seeks to discover innovative companies whose corporate value has been verified by the investment market and foster their growth into globally competitive unicorn companies.
The program began in 2020 and has selected a total of 350 companies up to this year. This year, 217 companies applied, and 50 were ultimately selected, resulting in a competition ratio of 4.3:1.