Korea Startup Promotion Agency Hosts IR and Networking Event for Re-Challenge Startup Companies
Reinvestment Attraction for Restartup Companies, Collaboration and Linkage with Large and Public Enterprises
[Asia Economy Reporter Kim Cheol-hyun] The Korea Institute of Startup & Entrepreneurship Development (President Kim Kwang-hyun, hereinafter referred to as Kised) announced on the 17th that it will hold the "3rd Re-challenge Startup IR and Networking" on the 23rd, connecting re-challenge startup companies with investors, large corporations, and public enterprises for collaboration. This event, held online and non-face-to-face to respond to the post-COVID-19 era, is planned to be held a total of four times from the first session in May to November this year, and has shown high interest with 338 teams applying so far.
The professional investment attraction team participating in the 3rd event consists of large corporations, public enterprises, and venture capital (VC), and after carefully reviewing the applications, 15 companies were selected to present on the day. Large corporations and public enterprises such as Lotte, Samsung, Asiana IDT, LG Display, Iljin Group, Hana Financial TI, Hanwha, and Korea Water Resources Corporation are participating as the investment attraction team, actively discovering innovative business items from re-challenge startups and planning to create synergy through cooperation in various related fields.
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At this event, the Kised President's Award and prize money will be awarded to the top 5 excellent pitching companies selected by the investment attraction team, and all participating companies will be continuously supported with follow-up meetings and matching opportunities with the investment attraction team. Kim Kwang-hyun, President of Kised, said, "Various achievements such as investment attraction, supply contracts, and follow-up connections have been made in the 1st and 2nd events, so investment and cooperation in the potential of re-challenge companies are expected in this event as well," adding, "As the large corporations and public enterprises participating as the investment attraction team hope to discover items in various future industry fields, I hope the strengths and core technologies of the re-challenge startups presenting IR pitches will be well evaluated."
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