HiteJinro Hosts Startup Contest in Agriculture and Fisheries Sector with Public Institutions

[Asia Economy Reporter Song Seung-yoon] HiteJinro announced on the 26th that it will jointly recruit startups in the agriculture and fisheries sectors to participate in a nature-based investment-linked program with the Korea Agricultural Technology Promotion Agency and the Marine and Fisheries Science and Technology Promotion Agency.

The nature-based program is a public-private collaborative open innovation program that discovers and nurtures promising startups with innovative technologies and development strategies for the agriculture and fisheries value chain, leading to final investment. This recruitment is open to agriculture and fisheries startups established within the last six years from the start date of the business and will run until the 27th of next month. Through first-round document screening and second-round presentation evaluations, 10 startups in the agri-food and fisheries sectors will be finally selected. Applications can be submitted on the 'Nature-Based Investment-Linked Program' website.

Selected startups will receive benefits including management capability enhancement training, IR lectures and consulting, presentation training for investment, investor meetings, and demo days, participating in the program for about five months. Outstanding companies will be supported with a total investment of approximately 1 billion KRW (about 100 million KRW per company) and will also be given the opportunity to participate in the TIPS program.

A HiteJinro official stated, "We plan to actively discover and support innovative startups by leveraging the capabilities held by public institutions with infrastructure in the relevant fields," adding, "Through this open innovation program, we aim to foster the growth of startups in future food sectors."

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