Venture Business Association and Public Procurement Service Join Hands for Startup and Venture Business Consulting

Preliminary Customized Consulting for Entry into the Procurement Market
Support for Procurement Market Introduction Education and Promotion Including Innovative Products and Venture Nara

[Asia Economy Reporter Kim Heeyoon] The Korea Venture Business Association is supporting startup and venture companies' entry into the procurement market.

On the 23rd, the Korea Venture Business Association announced that it signed a business agreement with the Public Procurement Service and will promote a preliminary consulting project for market entry.

Through this business agreement, the Korea Venture Business Association will provide a service that reviews the essential documents for entry in a customized manner in advance for member companies wishing to join Venture Nara.

Additionally, it will educate and promote methods for startup and venture companies to enter the procurement market, such as innovative products and Venture Nara.

Venture Nara is a shopping mall exclusively for startup and venture companies established by the Public Procurement Service in 2016. It was created to support initial sales channels and promote entry into the public procurement market for startups and ventures that face difficulties entering the public procurement market despite having excellent technology and quality.

On this day, Kim Jungwoo, Administrator of the Public Procurement Service, personally awarded the Administrator’s Commendation to a committee member of the Korea Venture Business Association who actively participated in discovering innovative products as an innovation product scout.

The Korea Venture Business Association and the Public Procurement Service signed a business agreement in June to expand the discovery of innovative products. They achieved the business performance of recommending 22 new innovative products.

Administrator Kim said, "I hope that through this opportunity, more startup and venture companies can enter the procurement market," adding, "We will develop this project so that more excellent cases can grow into larger markets such as multiple supplier contracts and excellent procurement products through entry via Venture Nara."

Kang Samgwon, Chairman of the Korea Venture Business Association, said, "The preliminary consulting project for entering the procurement market will greatly help startups and venture companies struggling to enter the public procurement market and develop sales channels," and added, "Based on the results of this project, we will continue to establish a growth foundation so that companies with technologically advanced products can expand their sales channels to the private and overseas markets."

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