KSD Opens Applications for 4th Cohort of ‘K-Camp Busan’ Participants

Korea Securities Depository CI

[Asia Economy Reporter Minji Lee] The Korea Securities Depository announced on the 21st that it will conduct the 4th session of the innovation and startup support program ‘K-Camp Busan’ in the Busan, Ulsan, and Gyeongnam regions to revitalize the local economy and support job creation.

This camp is a capital market-type innovation and startup support program provided by the Korea Securities Depository to revitalize the regional startup ecosystem centered on non-capital areas such as Busan, Daejeon, Gwangju, Daegu, Gangwon, and Jeju. It offers customized mentoring for each company, networking, and investment attraction support.

The Innovation Enterprise Support Department of the Korea Securities Depository selected the professional accelerator ‘Cols Dynamics’ as a partner company to operate the 4th session of the ‘K-Camp Busan’ program. It plans to publicly recruit participating companies until July 8, targeting innovative and startup companies with less than six years of business experience located in Busan, Ulsan, and Gyeongnam (venture companies, Inno-Biz, Main-Biz, social enterprises, etc. are eligible regardless of business experience).

The company selection process will proceed in two stages: document screening and face-to-face evaluation. Ten companies will be selected based on evaluations focusing on technology, marketability, and team capabilities. The final selected participating companies will receive various specialized accelerating programs for six months, including customized one-on-one mentoring, networking, securities-type crowdfunding education and implementation support, and investment attraction support.

Among the final selected companies, the top companies will receive a direct investment of 300 million KRW from the organizer Cols Dynamics, and excellent companies will receive follow-up investments of over 500 million KRW through venture capital.

Meanwhile, during the program operation period from the 1st to the 3rd session, 40 participating companies achieved a total investment attraction of 10.8 billion KRW and created 86 jobs.

The Innovation Enterprise Support Department of the Korea Securities Depository stated, “Through the 4th session program, we will do our best to help promising innovative and startup companies in the Busan, Ulsan, and Gyeongnam regions grow further and to revitalize the regional startup ecosystem. We hope for much interest and participation from innovative and startup companies in the region.”

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