Mercedes-Benz Korea and Seoul City Sign Win-Win Agreement to Support Promising Startup Growth

[Asia Economy Reporter Su-yeon Woo] Mercedes-Benz Korea announced on the 10th that it signed a win-win cooperation agreement with Seoul Metropolitan Government to promote the growth of next-generation promising startups.

At the signing ceremony held in the Mayor's Office at Seoul City Hall on the same day, a total of six startup support organizations and companies, including Mercedes-Benz Korea, and Park Won-soon, Mayor of Seoul, attended and pledged organic cooperation to develop Seoul's startup ecosystem to a global level.

Through this agreement, Seoul Metropolitan Government will expand support policies necessary for startup growth, including workforce expansion and increased investment, to turn the 'post-COVID' era into an opportunity for startup growth. Startup support organizations and companies such as Mercedes-Benz Korea will actively support promotion and company selection so that individual startups can fully benefit from Seoul's support policies, while accelerating the establishment of inter-company networks that can lead to mutual growth.

Earlier, Mercedes-Benz Korea signed a business agreement with Seoul Startup Hub in October last year to foster promising domestic startups and has been collaborating on startup hackathon projects, building global large corporation networks, supporting startup technology branding growth, and assisting promising domestic startups in overseas expansion.

In December last year, Mercedes-Benz Korea successfully held the 'Connected Car Startup Hackathon,' a connected service development competition in Seoul. The final winning team, 'Schoolbus,' received the Minister of SMEs and Startups Award along with 200 million KRW in commercialization funds. In addition to Schoolbus, other promising domestic startups such as The Swing and Cochlear AI were invited to the 'Startup Autobahn' held at Daimler's headquarters in Germany, where they were given separate pitching opportunities. Furthermore, they gained opportunities to potentially be introduced into Mercedes-Benz services in the future.

Mercedes-Benz Korea plans to strengthen cooperation with promising domestic startups by hosting the 'Startup Autobahn,' Daimler Group's startup collaboration platform, for the first time in Korea this year. Startup Autobahn is a large-scale European startup nurturing platform that provides promising startups with corporate and investor networking, investment and support, commercialization opportunities, and office space.

This content was produced with the assistance of AI translation services.