The Second Round of the Mother Fund Investment Project Records a Competition Rate of 3.6 to 1
The Role of the Mother Fund as a Catalyst in the Startup Ecosystem: Ongoing Progress
[Asia Economy Reporter Kim Cheol-hyun] Korea Venture Investment (CEO Lee Young-min) announced on the 2nd that, as a result of the 2nd round of the 2021 Mother Fund investment project, 147 funds applied to invest approximately 1.5081 trillion KRW in the Mother Fund.
This investment project is expected to quickly supply liquidity to the venture market as it was promoted immediately following the 1st round of investment projects to ensure that the venture ecosystem does not lose its growth momentum due to COVID-19.
In areas under the jurisdiction of the Ministry of SMEs and Startups, including the Smart Korea Fund, a core part of the Korean New Deal policy, as well as startup early-stage, women-owned business, social venture funds, and M&A funds to support vulnerable sectors, approximately 832.5 billion KRW was requested compared to the initial investment plan of 219.5 billion KRW, recording a competition rate of 3.8 to 1.
Funds investing in various fields such as cultural content and film industry-related funds, immersive content funds, public technology commercialization funds, land and transportation innovation, and IP crowdfunding requested about 675.6 billion KRW compared to the initial investment plan of 197.2 billion KRW, recording a competition rate of 3.4 to 1.
Hot Picks Today
"Buy on Black Monday"... Japan's Nomura Forecasts 590,000 for Samsung, 4 Million for SK hynix
- "Plunged During the War, Now Surging Again"... The Real Reason Behind the 6% One-Day Silver Market Rally [Weekend Money]
- "Not Everyone Can Afford This: Inside the World of the True Top 0.1% [Luxury World]"
- "We're Now Earning 10 Million Won a Month"... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- Experts Are Already Watching Closely..."Target Stock Price 970,000 Won" Now Only the Uptrend Remains [Weekend Money]
In this 2nd round of investment projects, the Mother Fund plans to invest 416.7 billion KRW from the application demand and match private funds to create funds worth approximately 756.1 billion KRW. Lee Young-min, CEO of Korea Venture Investment, said, "The growth of venture companies has a high effect on job creation and economic growth rate contribution," adding, "We will continue to expand our role as a primer for the venture ecosystem so that the growth of venture companies can lead to national economic growth."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
