Jungjingong Supports Promising Startups Venturing into the US Market

Recruiting 10 Promising Startups in Marine, Bio, and Digital Health Sectors Until the 15th of Next Month

[Asia Economy Reporter Kim Cheol-hyun] The Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) announced on the 29th that it is recruiting companies to participate in the 'K-Startup Center (hereinafter KSC) Seattle Specialized Program,' which helps excellent domestic startups enter the North American market.

This specialized program is operated in collaboration with local specialized institutions possessing expertise in Seattle's promising industries such as marine, bio, and digital health sectors. It plans to provide customized and focused support from local business commercialization to investment attraction, including product localization, regulatory certification, customer discovery, and sales contracts.

The program duration is 3 months for the marine sector and 6 months for the bio and digital health sectors. In particular, the marine sector specialized program will be conducted as a multinational cohort program involving startups from five countries: Korea, Singapore, Finland, Norway, and Chile.

Specifically, support includes ▲product localization diagnosis and entry strategy establishment ▲technical and management consulting by sector-specific expert mentor groups ▲design and product improvement ▲pilot testing and market validation ▲support for acquiring technical standards and certifications ▲buyer and investor matching and showcases.

A total of 10 companies will be recruited, five each for the marine and bio/digital health sectors. Eligible companies are startups less than seven years old with investment attraction achievements or export records within the last two years.

SBC operates KSCs in seven countries including the United States, India, Singapore, Sweden, Finland, Israel, and France in cooperation with the Korea Institute of Startup & Entrepreneurship Development. Especially, the KSCs in Seattle, USA; Singapore; Stockholm, Sweden; and Paris, France provide office spaces such as independent rooms and shared offices located in local startup clusters.

Kim Moon-hwan, Head of Global Growth Division at SBC, said, "We expect this specialized program, conducted based on collaboration with leading local specialized institutions, to be a great opportunity for promising domestic startups to establish a foothold in the U.S. market," adding, "We look forward to the active participation of prepared innovative companies."

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