Colombia: Youth Startup Academy

Summary

The Youth Startup Academy Colombia project, financed by the Korea SMEs and Startups Agency (KOSME), aims to incubate 800 young entrepreneurs in vulnerable regions of Colombia and to support 100 high impact technology based startups in Bogota and Medellin by 2026. To fulfil this goal, the project will adapt and implement the Korean Youth Startup Academy programme, the most successful Korean startup incubation and acceleration programme. The project will partner with various local institutions, including iNNpulsa, the government agency mandated to coordinate all startup entrepreneurship activities in Colombia. Throughout the project term(March 2024~December 2026), the project will run 4 intakes of entrepreneurs, and will provide training, mentoring and consulting services. For the implementation, the project will partner with the Government of Colombia (i.e. Ministry of Trade, Industry, and Tourism), the Korean Government (Ministry of SME and Startups, KOSME) and various agents in the Korean and Colombian startup ecosystem.