Shinbo Launches 'Startup Nest 9th Cohort' Accelerating Program

Stepwise Support from Accelerating to Financial Assistance to Growth Support: Fostering Future Unicorn Companies

[Asia Economy Reporter Kwangho Lee] The Korea Credit Guarantee Fund announced on the 16th that it has selected 120 companies for the 9th Startup Nest and will begin full-scale accelerating.

Startup Nest is a startup nurturing platform that provides step-by-step support of accelerating → financial support → growth support in collaboration with private accelerators, based on the Korea Credit Guarantee Fund's accumulated experience in supporting startups.

For this 9th Startup Nest, 738 companies applied, showing a high competition rate of 6.2 to 1. Through a two-stage in-depth evaluation, 120 promising startups within three years of establishment engaged in fields related to the 4th Industrial Revolution were finally selected.

The selected companies will receive a customized accelerating program for four months from 10 private accelerators participating as partners.

After the accelerating process, non-financial services such as investment attraction support through the Korea Credit Guarantee Fund's investment attraction platform YouConnect Demo Day, financial support including guarantees and investments, and support for overseas expansion and startup spaces will be provided.

A Korea Credit Guarantee Fund official said, "Startup Nest has discovered a total of 660 promising startups up to the 8th term, supporting KRW 183.7 billion in credit guarantees and KRW 13.5 billion in direct investments, establishing itself as a leading domestic startup nurturing platform. We will do our best to help the companies selected for this 9th term grow into future unicorn companies."

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