Kibo Technology Guarantee Fund Announces Recruitment for Participating Companies in the 9th Kibo Venture Camp
Focused Nurturing of Startups Leading the 4th Industrial Revolution
[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Chairman Jung Yoon-mo, hereinafter referred to as Kibo) announced that it will recruit participating companies for the 9th 'Kibo Venture Camp' from the 29th of this month until the 22nd of next month to foster innovative startup companies leading the 4th Industrial Revolution.
The Kibo Venture Camp is a program that focuses on nurturing innovative startups into star venture companies through collaboration with private accelerators, based on Kibo's accumulated experience in supporting technology startups. The recruitment target is innovative startups or prospective entrepreneurs within three years of establishment as of the announcement date. Approximately 50 companies will be selected through the first document screening and the second presentation evaluation.
In addition to the general track, separate recruitment will be conducted for regional balance and social venture tracks to support non-metropolitan companies and companies creating social value. Selected companies in the Kibo Venture Camp will receive various programs including ▲ consulting for establishing customized growth strategies ▲ mentoring linked with experts in various fields such as successful entrepreneurs ▲ opportunities for investment attraction and networking with venture capitalists, all of which are provided free of charge.
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In particular, graduated companies will be systematically supported until successful startup establishment by providing a package of financial services such as guarantees and investments, research and development (R&D) support, and non-financial services such as technology transfer. Director Baek Kyung-ho of Kibo said, "Among the participating companies in the 9th Kibo Venture Camp, the top 25% of companies can receive guarantees of up to 1.5 billion KRW depending on their growth stage. Kibo will continue to do its best to help excellent participating companies in the Kibo Venture Camp grow into unicorn companies through active support policies."
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