Gyeonggi-do to Host Investment Exchange Meeting for Startups in Pangyo
[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province and the Gyeonggi Economic Science Promotion Agency will hold the 'Pangyo Startup Investment Exchange Meeting' to support investment attraction for promising startups located in Pangyo Techno Valley 1 and 2.
A total of 20 companies will be supported, and the first round will recruit 10 participating companies by the 29th of next month.
The Pangyo Startup Investment Exchange Meeting aims to support investment attraction for promising startups through investment consultations and exchanges between promising startups in Pangyo Techno Valley 1 and 2 and investors. A total of 20 companies will be supported, with 10 companies in the first round and 10 companies in the second round.
Participating companies in the investment exchange meeting will receive follow-up support such as ▲BM (Business Model) advancement consulting ▲IR (Investment Relations) consulting ▲investment consultations through matching with investors by sector ▲attendance at investment seminars ▲linkage with funding institutions.
The support target is startups located in Pangyo Techno Valley as of the announcement date, possessing advanced industries or innovative technologies such as IT (Information and Communication Technology), BT (Biotechnology), NT (Nanotechnology), and CT (Cultural Technology).
The province will select the final companies in August through a first round of document evaluation and a second round of presentation evaluation.
The application period is from the 29th of this month to the 29th of next month, and applications can be submitted through the Pangyo Techno Valley website.
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Park Jong-il, Director of the Future Industry Division of the province, said, "This was prepared to help the growth of startups by supporting the discovery of new investment channels for startups residing in Pangyo Techno Valley 1 and 2, in a situation where investment attraction conditions for startups are difficult due to COVID-19, etc." He added, "We plan to revitalize Pangyo's industrial ecosystem through various business supports that enable promising startups in Pangyo Techno Valley 1 and 2 to grow."
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