KOTRA Hosts 'Innogate 2021'... "Seeking Collaboration Between Domestic Startups and Overseas Companies"

(Data provided by KOTRA)

[Asia Economy Reporter Jeong Hyunjin] KOTRA announced on the 2nd that it will hold 'Innogate 2021' online for five days starting from the 6th, bringing together global companies, venture capital (VC), corporate venture capital (CVC), accelerators, buyers from 15 countries around the world, and domestic startups in one place.

This event will feature 120 overseas companies participating to review the new technologies, new products, and business models of 203 domestic startups and discuss potential collaboration opportunities. KOTRA will also operate six special zones for promising overseas expansion sectors: △Overseas Investment Attraction (Korea Venture Investment) △Fintech (Seoul Fintech Lab) △Artificial Intelligence (AI Yangjae Hub) △Bio & Healthcare (Hongneung Small Giant R&D Special Zone) △Intelligent Water Management (Korea Water Resources Corporation) △Social Brands (Social Enterprise Research Institute).

A global corporate open innovation demo day and one-on-one consultation sessions will also be held. Global companies such as Boeing, a U.S. aircraft manufacturer; Philips, a Dutch medical device company; Enagas, a Spanish energy specialist; Prosegur, a Spanish multinational security company; a major U.S. telecommunications operator; and a leading Canadian automotive parts company will conduct one-on-one business consultations with domestic startups. SoftBank Telecom America plans to discover startups suitable for collaboration by watching technology pitches from domestic startups.

At the Startup Global Strategy Forum, attendees can hear from 15 domestic and international experts about the global outlook of the startup industry, know-how on cooperation with global companies through open innovation, and advice for attracting overseas investment. Speakers include heads of startup cooperation departments from global companies such as Cisco India, Vertex Holdings, Golden Gate Ventures, QT, overseas investors, domestic startup executives collaborating with global companies, and officials from state-owned investment companies.

Yoo Jung-yeol, President of KOTRA, said, "This consultation session is an opportunity where startups can meet global companies and influential investors who are usually difficult to encounter," adding, "We will actively support the successful global market entry of domestic innovative technology startups by using Innogate as a platform."

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