FuturePlay-SBA to Support Collaboration and Mutual Growth Between Large Corporations and Startups

Joint Launch of 'Future Guild' Program for Discovering, Investing in, and Supporting Growth of Innovative Tech Startups

Ryu Jung-hee, CEO of FuturePlay (right), is posing for a commemorative photo after signing a business agreement to promote a collaboration project for discovering and nurturing excellent startup companies with the Seoul Business Agency.

[Asia Economy Reporter Kim Cheol-hyun] Accelerator FuturePlay (CEO Ryu Jung-hee) announced on the 15th that it has signed a Memorandum of Understanding (MOU) with the Seoul Business Agency (SBA), a Seoul city organization supporting promising startups, to discover and nurture future promising startups.

Through this agreement, the two organizations will jointly host the 'Future Guild' program to discover, invest in, and support the growth of innovative technology startups. This program serves as a collaboration platform between large corporations and startups, aiming to discover and nurture outstanding startups together with corporate partners from various industries. The program is scheduled to run for a total of seven months, during which startups with technologies matching the proposed themes will be selected to develop and validate business models with corporate partners.

FuturePlay and the Seoul Business Agency have chosen 'Metaverse' as the theme for the first season of Future Guild. Starting with this, they plan to select various themes each season, including future industries with high potential and growth prospects, as well as ESG (Environmental, Social, and Governance) fields.

Ryu Jung-hee, CEO of FuturePlay, said, "As new business keywords emerge and the number of startups collaborating for these increases, it is becoming increasingly difficult to conduct open innovation on an individual company basis." He added, "To address this issue, we launched the Future Guild program, which selects only the most essential themes and allows large corporations and startups interested in those themes to interact and find opportunities for collaboration or investment."

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