GH to Establish 20 Billion KRW Innovation Startup Fund... Fund Manager to Be Selected Next Month

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Housing and Urban Corporation (GH) is establishing the 'GH Innovation Startup Fund' to support advanced venture companies (startups) in the smart city sector within the province. GH is recruiting general partners (management companies) until the 2nd of next month for this purpose.

On the 12th, GH announced that it plans to actively support the growth of the smart city industry by creating the GH Innovation Startup Fund with a scale of 20 billion KRW.

GH will invest more than 200% of the investment amount (2 billion KRW) into startup companies in the smart city sector within the province.

GH will select the general partners responsible for the formation and operation of the fund by the end of next month.

Applications can be submitted with proposals and related documents to GH Corporation's New Business Planning Department from the 30th of this month to the 2nd of next month.

For details regarding recruitment, please refer to the GH website.

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