Gangnam-gu Recruiting Companies for 'Startup Investment Activation Project' Participation

Postal and in-person applications accepted until June 4... 25 companies selected for phased support including investment attraction and overseas expansion until November

[Asia Economy Reporter Park Jong-il] Gangnam-gu (District Mayor Jeong Soon-gyun) is recruiting companies to participate in the '2021 Gangnam-gu Startup Investment Activation Project,' which supports startup investment attraction and global market entry within the region, until June 4.

Conducted jointly with the Korea Venture Business Association, this project assists startups throughout the entire process from discovery to settlement. Over the past three years, it has supported 71 companies, resulting in 756 jobs created and a cumulative investment of 29.7 billion KRW.

The district will provide step-by-step support to the startups recruited this time, including ▲ selecting 25 companies through professional VC (venture capital) evaluation and investment auditions (June) ▲ IR consulting and material production for investment attraction strategy establishment (July) ▲ hosting demo days (showcases) to verify marketability and improvements, and providing testbed support for entry into the U.S. market (August) ▲ holding domestic investment attraction briefings (October to November).

In particular, five companies with outstanding competitiveness among the participants will receive support for content production, local marketing, and promotions to create 'global crowdfunding.'

Even after the project ends, quarterly surveys will be conducted, and companies with excellent performance will be linked to a second round of crowdfunding.

Applications can be submitted by mail or in person to the Korea Venture Business Association. For more details, please refer to the website.

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