The Seoul Metropolitan Government (SMG) is accepting applications for resident businesses with the upcoming July opening of Seoul Media Lab, a media start-up support facility currently under construction. Start-ups and future entrepreneurs with creative ideas in media can apply, and resident businesses will be able to move into the newly built facility as well as receive training, public relations and consulting support.
It is expected that Seoul Media Lab will act as a catalyst for creating jobs in addition to developing a start-up ecosystem in the field of media as an essential industry in the post-coronavirus era with the advent of “untact” culture.
With operation by the Community Media Foundation, which is equipped with expertise in the field of media, ten businesses will be selected through both an open call for resident business applications and the Media Start-up Contest, offering various programs and the opportunity to move into the new facility.
The open call for resident business applications applies to all areas of start-ups that utilize media, including those that produce media content (documents, voice, videos, images, etc.) as well as broadcasting media/ICT network providers or service providers. Applicant businesses must be young start-ups that have been established within the past three years, or public start-ups or future start-ups of social syndicates or cooperatives.
The Media Start-up Contest is a competition that discovers and fosters businesses with innovative technologies and new business ideas in media along with businesses that develop products, content and services for groups with little contact with media. Five final teams will be selected and presented with certificates and prize money as well as the right to move in to Seoul Media Lab.
The SMG will offer residential space to ten final businesses for a maximum of two years in addition to offering customized training, public relations and consulting services. A networking program for exchange with other resident businesses and institutions that support start-ups will also be provided to help commercialize resident businesses’ ideas.
Applicants can sign up for both the open call for resident business applications and the Media Start-up Contest, and online applications will open from Mon, May 25 to Fri, May 29. The final selected winners following the first document evaluation stage and the second interview stage will be notified individually. All resident agreements will be signed by late June with all resident businesses scheduled to move in by July.
Seoul Media Lab, expected to be complete construction in June, is located at Seoul-Seongbuk Media Culture Plaza with two underground floors and four ground floors (total area of 9,836.37 m2), and will begin operation in July with the Media Base Facility and Living & Culture Facility.