Korea Securities Depository-Daegu Center for Creative Economy & Innovation, Startup IR Support Agreement

[Asia Economy Reporter Oh Ju-yeon] The Daegu branch of the Korea Securities Depository and the Daegu Center for Creative Economy and Innovation announced on the 23rd that they have signed a "Support Agreement for the Activation of Securities-type Crowdfunding Usage."

This agreement was made to support the crowdfunding IR (investor relations) of promising local startups, activate crowdfunding in the Daegu and Gyeongbuk regions, and strengthen the IR capabilities of startups.

Under the "Support Project for the Activation of Securities-type Crowdfunding Usage," the Daegu Center for Creative Economy and Innovation is responsible for recruitment announcements, application reception, selection of target companies, and conducting training, while the Korea Securities Depository supports the costs incurred until the commencement of securities-type crowdfunding for the selected companies.

Through this project, since 2021, every first half of the year, training on business model enhancement strategies, IR presentation material preparation methods, speech techniques, and funding strategies is provided, followed by IR presentations, from which 5 to 10 outstanding companies will be selected.

Outstanding companies will receive support of 6 to 8 million KRW per company for 1:1 consulting fees, funding post design and production costs, and registration fees for the crowdfunding intermediary company's online platform. Companies selected in the first half of next year must register on the crowdfunding intermediary company's platform by November 2022.

The Daegu branch of the Korea Securities Depository plans to create a boom for activating crowdfunding in the Daegu and Gyeongbuk regions through this agreement project, strengthen the securities-type crowdfunding IR capabilities of local startups, and support local startups to succeed in follow-up fundraising such as crowdfunding and venture investment, thereby driving the growth of local startup companies.

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