Google Play Partners with Ministry of SMEs to Support Startup Growth

[Asia Economy Reporter Buaeri] Google Play is helping startups grow in collaboration with the Ministry of SMEs and Startups and the Korea Institute of Startup & Entrepreneurship Development.

According to Google Korea on the 19th, Google Play will hold an online demo day for the Changgu program on the 20th at 'Comeup 2020,' a global startup festival.

The Changgu demo day is a program that supports the advancement of content and overseas market entry for domestic app and game developers. It was established to support developers' long-term growth and self-sustainability.

Ten outstanding developers selected through individual evaluations will be introduced to eight domestic and international venture capital (VC) firms and publishers, providing opportunities for follow-up investment attraction.

Among the 60 companies that participated last year, 13 succeeded in attracting investment, and 26 companies began to show visible results by newly entering overseas markets such as the United States, Europe, and China.

The event will be attended by Park Young-sun, Minister of SMEs and Startups, and Scott Vermont, Head of Google Asia Pacific.

Minister Park said, "We created the 'Smart Korea Fund' to revitalize investment in venture and startup companies, and we are operating the 'K-Unicorn Project' to help them grow into global unicorn companies," adding, "I hope the Changgu program will also play a leading role as a 'Global Corporate Collaboration Program.'"

Mr. Vermont expressed his thoughts, saying, "Google Play is pleased to contribute to the journey of widely promoting Korea's excellent technology and services in apps and games within smartphones, which are only 1cm in size, to the global market."

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