Page 4 - G20 Newsletter_Vol17

SMEs are currently facing due to the coronavirus outbreak. It jointly launched the “University-Corporate Partnership
will support innovative companies during and after the crisis, Campaign”, the particular action of Mass Entrepreneurship
to ensure that Europe can develop and stay at the helm of and Innovation Demonstration Bases on entrepreneurship
global technological developments and accelerate its economic and empl o yment. Tw o types of National Mas s
recovery. Entrepreneurship and Innovation Demonstration Bases and
a number of jobs are created, a number of entrepreneurial
The South Korean government announced a push on May
employment mentors are provided, a number of needs on
14th for a government-private sector fund to help start-ups in
entrepreneurship and innovation are launched, a number
South Korea moving toward the goal of becoming global giants,
of outstanding entrepreneurial projects are shown, a
which represents Moon’s resolve to promote the country’s
number of entrepreneurship and employment services
digital economy in preparation for the post-coronavirus era.
brands are built, a number of achievements displays are
The joint fund named “the Smart Republic of Korea Fund,”
organized, etc., based on enterprises and universities.
and the government will seek with the private sector to invest
It is essential to create a good entrepreneurship and
in new industries. The government will mobilize all available
employment environment for high education graduates by
resources to revive “the flame of innovative growth”. Since its
strengthening the docking of resources, improving service
launch, Moon’s administration has endeavored to make South
level, and building cooperation platform.
Korea play a leading role in the global start-up ecosystem. The
drive has produced some accomplishments, including a hike in The Government of Canada has committed $15 million
the number of unicorns based in the nation. 21 South Koreans in new capital to support women entrepreneurs to amid
on the Forbes list of “30 Under 30 Asia.” which features 300 the ongoing economic crisis brought on by COVID-19.
innovators and entrepreneurs across Asia, all under the age of The $15 million comes in the form of additional capital
30, updating each year. for Women Entrepreneurship Strategy (WES) Ecosystem
Fund organizations. The funding will go directly to select
organizations that are currently WES Ecosystem Fund
Provide the inclusive entrepreneurship support
recipients. The new investment is meant to help women
entrepreneurs across the country navigate the current
China’s National Development and Reform Commission,
climate.
State-owned Assets Supervision and Administration
Commission, Ministry of Education, and Ministry of The idea is to offer targeted support to organizations that
Human Resources and Social Security on May 8th, 2020 are dedicated to supporting women business owners. The

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