[Wadiz x Government Support Program] #1. How to Launch Your First Funding Campaign with Support from the Government or Public Institutions
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<WADIZ x Government Support Programs>
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Don’t forget to check this out!
- Start your venture on wadiz through government support programs. There are various benefits available.
- We’ve compiled a list of government agencies collaborating with wadiz and handy tips for searching for government support programs.
- We’ll show you how to prepare your Story with expert help—at no cost.
Through a collaboration between wadiz and government agencies,
we’re connecting with more makers
Driven by the vision to “create a world where anyone can take on a challenge,” wadiz has joined forces with government agencies. By operating and connecting various support programs that help domestic startups take on new challenges, expanding the startup ecosystem and infrastructure. At wadiz,
- By collaborating with government and public agencies, we connect makers with support programs
- match startups in need with professional services,
- and systematically provide standardized, high-quality professional services.
Yoo Cho-eum, Team Leader of the wadiz Partner Business Team @ wadiz Pangyo Headquarters
By participating in these support programs,
you can enjoy these benefits
First, you can assess your potential for market success.
When most organizations select companies for support programs, “feasibility,” “product innovation,” “market appeal,” and “attractiveness” . From the perspective of startup market experts, this involves predicting in advance whether a maker’s product is likely to succeed once it actually enters the market. Therefore, the selection process for these support programs can serve as an excellent opportunity to conduct an initial validation of your product’s market potential.
Second, you can receive expert assistance at no cost.
For makers who have just started their businesses, “hurdles” such as content creation and promotion/marketing can feel like a heavy burden. Many may want to seek help but end up giving up altogether because they don’t know where to turn or what the appropriate costs might be. One of the biggest advantages of running a wadiz project through a support program is “funding for crowdfunding preparation costs.” In other words, The maker can successfully run their project with expert assistance—including content creation, marketing, and advertising—to successfully run your project.
You can receive story creation support from wadiz experts, and if advertising and marketing are included in the support package, you’ll have access to optimized wadiz advertising services. In addition to the budget provided by the organization, makers can also receive the funds raised through the project, enabling them to carry out their business more effectively. We primarily collaborate with the following organizations:
| Startup Support Organizations | Seoul Industrial Promotion Agency, Small and Medium Business Distribution Center, Hope Foundation for Small and Medium Business Owners, Korea Youth Entrepreneurship Foundation, Seoul Metropolitan Government Social Economy Support Center, Chungnam Innovation and Creation Support Center, etc. |
| Public Institutions | Jeju Tourism Organization, Korea Sports Promotion Foundation, and other public institutions with clear missions; Social Solidarity Bank; Manufacturing Trade Center under the Korea Industrial Complex Corporation, etc. |
The Korea Sports Promotion Foundation’s “K-Sports Maker” Special Exhibition
Opportunities for collaboration are open to any organization preparing to support aspiring entrepreneurs or wishing to partner with wadiz. The collaboration process proceeds as follows.
- We tailor additional services—such as content creation, marketing, advertising, and consulting—to fit each agency’s budget and negotiate the details accordingly.
- For projects with relatively large budgets, we provide integrated services covering areas such as recruiting and selecting target companies, marketing, and crowdfunding training.
- If an organization provides us with a list of companies it wishes to support, the wadiz Partner Business Team conducts an orientation (OT) for those companies.
- For projects that are confirmed to proceed, <WADIZ Official Partners> will produce the content.
Here’s how to search for support programs
1. Check each organization’s announcements or support programs on a quarterly basis.
Depending on the details of the support program, please select a crowdfunding support program that allows you to choose a wadiz Partner service from among content production companies.
2. Search for linked programs on the wadiz website.
- Wadiz Announcements: Wadiz collaborates with organizations to support content creation. You can find information about these support programs in the Wadiz Announcements section.
- Wadiz School: Wadiz School also hosts information sessions on support programs. You can learn more details about the support programs and ask questions in real time.
Team Leader Yoo Cho-eum of wadiz and Assistant Manager Kim Bo-gyeom of the SME Distribution Center hosting a special briefing on the “Sponge” program
If you’re interested in the support program
but aren’t sure how to get started,
- First, inspect the samples of the products you plan to offer as Rewards. You must have samples available or be able to secure them within two months of being selected to be eligible for selection in the support program.
- Products or services with clear differentiators may have an advantage in the selection process. Since specific selection criteria vary slightly by program, it’s best to prepare your application according to the nature of the program you’re interested in.
- If you need a quote to apply for a support program, or if it’s unclear whether you can use the program funds, please contact the Partner Business Team (partner-biz@wadiz.kr). We’ll help you find a way to prepare your project using the support funds. Generally, the process can proceed if an advance payment (approximately 50% of the service fee) is possible; please note that the amount and usage criteria may vary depending on the program.
it’s okay if you’ve applied for a support program but weren’t selected, or if you missed out on a program you wanted to join. Since various support programs are offered every year, don’t give up after just one attempt—keep trying. Even if you didn’t have a favorable outcome in one program, you can still be selected for another. If you prepare thoroughly and take proactive steps, a great opportunity that’s just right for you as a maker will surely come along.
- Have you been selected for a government support program and are preparing a wadiz project?Apply for the wadiz content partner service at
<WADIZ x Government Support Programs> Series
- How to Launch Your First Funding Campaign with Government/Public Institution Support
- Ask Us Anything About Government/Public Institution Support Programs
Text & Photos by Lee Hye-jin; Edited by Lee Eun-ah