Gyeonggi-do Province recruits 10 companies for the first round of “Investment exchange” to lay the foundation for attracting investments for start-ups until the 30th of this month.
The upcoming investment exchange will be held to look for start-up investors through exchange between top start-ups in Pangyo Techno Valley and investors. It supports a total of 40 start-ups and recruits ten start-ups for the first round.
Participants will be provided with follow-up support including IR(promotion activities to attract investments) consulting, investment consultation through matching investors in each field, investment seminars and connecting with financial organizations.
Any start-up in the fields of IT(Information Technology), BT(Biotechnology), NT(Nano technology), CT(Cultural technology) with cutting-edge technology located in Pangyo Techno Valley that were founded less than 7 years ago as of recruitment date can take part in the event.
Star-ups that want to participate in the event can apply online until the 30th of this month. They can download an application form from the Gyeonggi Start-up platform website. Professional investors and organizations will review the documents to select 10 businesses and send acceptance notification individually by early May.
For further details of “Investment Exchange,” please make inquiries to Startup Accelerating Department TF team at Gyeonggido Business and Science Accelerator.
An official from Gyeonggi-do Province said, “The Investment Exchange is expected to improve the chances of attracting investments for promising start-ups. We would support the start-up ecosystem through providing various programs to support the growth of start-ups in Pangyo Techno Valley.”
Pangyo Technovalley is an innovation hub for global companies comparable to the Silicon Valley in the US, Zhongguancun in China, and STATION F in France. It is an Asia tech hub with 1,259 IT, BT, CT, and NT companies that possess innovative products and technologies. Located just south of the metropolitan area, it provides the best environment for Korean companies to do business with great transportation access and infrastructure.
Various high-tech companies are located in Pangyo Technovalley, and it is occupied by 64,000 full-time employees, many in their 20-30s. In terms of industry, the companies are engaged in information technology, contents technology, biotechnology, and nanotechnology.
With the support of innovative companies with global capabilities such as Kakao, Naver, AhnLab, Krafton, NCSoft, Nexon, and Hancom, companies in Pangyo Technovalley recorded 107 trillion won in sales last year. Investment and infrastructure growth in Pangyo is expected to continue, with the Metaverse hub entering Pangyo this year.