Incheon TP Supports Software Convergence Companies' Entry into the US Market

[Asia Economy Reporter Park Hyesook] Incheon Technopark (Incheon TP), together with Incheon City, is conducting the 'Scale-up Incheon, Global Localization Challenge Support Project' to help promising export companies enter the U.S. market.

This project is a program designed to assist companies struggling to pioneer overseas markets in successfully entering and establishing themselves in the U.S.

The support target is Incheon-based software (SW) convergence companies that have finished products and services distributable in the U.S. market.

Incheon TP will select six companies and provide up to 45 million KRW per company by collaborating with The Vault, a global accelerator company in San Francisco, U.S., to assist with market analysis, local expert mentoring, U.S. consumer response surveys, buyer and distributor meetings, and crowdfunding.

Through investor relations (IR) sessions targeting Silicon Valley angel and venture investors and accelerators, investment attraction from local experts will also be supported. The Vault will help outstanding companies secure initial investments of around 20,000 USD.

After the project, Incheon TP plans to provide follow-up support such as office space in San Francisco, network expansion, and securing distribution channels to help companies maintain stable local business activities.

Applications for support can be submitted through the SW Convergence Cluster Songdo Center website (www.biplex.or.kr) by the 20th of next month.

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