Daesang Holdings, Recruiting Companies for Open Innovation Program Participation

Discovering Promising Startups in the Green and Red Bio Sectors

Daesang Holdings is taking the lead in discovering promising startups that will play an active role in the future growth industries of green bio and red bio.

On the 12th, Daesang Holdings announced that it is recruiting promising startups to participate in an open innovation program in collaboration with the Seoul Startup Hub Seongsu and Changdong Centers, operated by the Seoul Business Agency (SBA), a support organization for small and medium-sized enterprises in Seoul.

Daesang Holdings, which has participated in numerous investment-linked startup incubation programs in core business areas such as food tech and bio, is expanding its scope to the green bio and red bio fields through this open innovation program, further strengthening collaboration with promising startups. Through this, the company plans to enhance the competitiveness of its existing businesses and accelerate the discovery of new growth engines by exploring new business opportunities.

Startups participating in this program will receive various benefits. First, there will be opportunities for technology verification (PoC) collaboration based on the technology and know-how possessed by Daesang Group. In addition, companies that sign an NDA (Non-Disclosure Agreement) with Daesang Holdings will be supported with up to 10 million KRW per company for commercialization funds. Other benefits include ▲ access to coworking spaces, office spaces, and studios at Seoul Startup Hub Seongsu and Changdong ▲ opportunities to participate in demo days for attracting investment funds, among other rich benefits.

The application period is until the 2nd of next month, and any company operating in the green bio (materials/bio related to agriculture, livestock, and fisheries, new technologies/platforms) or red bio (materials/bio related to healthcare and silver care, new technologies/platforms) fields and wishing to collaborate with Daesang Group can apply.

To participate, applicants must submit an application form along with company introduction materials or IR and other relevant documents online through the Seoul Startup Plus website. The screening process will consist of a first round of document review and a second round of presentations. The presentation evaluation will be conducted by a panel of judges composed of executives and employees from Daesang Holdings and Daesang Group’s related business departments at Seoul Startup Hub Seongsu.

A representative of Daesang Holdings stated, “We will actively support the discovery of promising startups in the green bio and red bio fields to increase their chances of success,” adding, “Since this is also an opportunity for startups to upgrade to the next level, we hope many startups with outstanding ideas and technological capabilities will show great interest and participate.”

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