Gibo Venture Camp Discovers 434 Companies... 'First Mover in Innovative Startups'

Comprehensive Support for Early Startup Companies Including Guarantee, Investment, Technology Transfer, Consulting, and Education

[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Chairman Jung Yoon-mo, hereinafter referred to as Kibo) announced on the 14th that it has discovered 434 companies since introducing the 'Kibo Venture Camp' in 2017 to support early-stage startups with innovative technologies.

The Kibo Venture Camp is an accelerating program that focuses on nurturing and supporting nascent ventures. For participating companies who wish to join, networking days are held to connect them with private accelerators and venture capitalists, which is evaluated to drive successful startups and contribute to creating good jobs.

Since first introducing the Kibo Venture Camp in 2017, Kibo has discovered a total of 434 companies, provided guarantees worth 56.2 billion KRW to 230 of these companies, directly invested 3.4 billion KRW in 15 companies, and mediated technology transfers for 19 companies, thus offering comprehensive two-track support both financial and non-financial.

Kim Se-won, CEO of WorksMate, which operates the non-face-to-face construction workforce brokerage platform 'Gada,' said, "Based on our understanding of the construction labor market, we succeeded in launching the platform, but faced difficulties securing funds necessary for business expansion. Through the Kibo Venture Camp, we were able to receive accelerating education as well as raise commercialization funds, which was a great help."

Kim Young-gap, Director of Kibo, said, "Kibo is continuously striving to expand preferential support systems for companies participating in the Kibo Venture Camp to foster early-stage startups with excellent technologies," adding, "Through this, we will actively support Kibo Venture Camp participants to grow into star venture companies leading the establishment of a smart Korea."

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