120 Startups Graduated from 'Cheongnyeon Changup Sagwanhakgyo' Secure 9 Billion KRW in Investment

Linkage of Projects between Jungjingong and Korea Venture Investment

Kim Hak-do, President of the Small and Medium Business Corporation (sixth from the left in the back row), is attending a meeting held at the Ansan Youth Startup Academy in Gyeonggi Province and taking a commemorative photo with startup representatives.

[Asia Economy Reporter Kim Daeseop] The Small and Medium Business Corporation (SBC) announced on the 30th that through linked investments with Korea Venture Investment's startup support projects, 120 companies that graduated from the Youth Startup Academy have attracted investments totaling 8.99 billion KRW to date.

SBC and Korea Venture Investment are actively cooperating on linked investments targeting promising startups with no prior investment history. They have been continuously investing in startups that graduated from SBC's Youth Startup Academy.

The method involves SBC selecting and recommending startups with excellent growth potential among Youth Startup Academy graduates, and Korea Venture Investment matching the commercialization funds supported by SBC to make common stock new share investments up to 100 million KRW.

Kim Hakdo, Chairman of SBC, stated, "We are collaborating with related organizations in various ways to support startups with high growth potential but weak fundraising capabilities to overcome crises and achieve innovative growth." He added, "We will continue follow-up support including linked investments in startup support projects to actively back outstanding companies that graduated from the Youth Startup Academy so they regain vitality and grow into global unicorn companies."

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