Gwangju TP Holds Meeting to Promote Investment Activation for Local Companies

Gwangju Technopark held a meeting on the 20th in the main building's medium conference room to promote investment attraction for local companies.

This meeting was organized to listen to the difficulties and suggestions regarding venture capital (VC) investment attraction from six local companies that succeeded in attracting investment through Gwangju Technopark's VC investment attraction support project, and to discuss ways to revitalize venture investment within the region.

The company representatives and related personnel attending the meeting shared the challenges they faced during previous VC investment attraction activities and proposed various opinions, including suggestions for supporting venture investment for local companies.

Gwangju Technopark continuously discovers promising investment companies every year and supports investment linkage to provide practical VC investment attraction opportunities for local companies struggling with funding.

In particular, last year, through a fund established by Gwangju Technopark, 12 local companies succeeded in attracting a total investment of 24.6 billion KRW, including follow-up investments from related investors.

Through the investment attraction support project, 24 companies received a total investment of 44.7 billion KRW, continuing the investment achievements of beneficiary companies through Gwangju Technopark.

At the investment attraction briefing session (IR) held in March under the auspices of Gwangju Technopark, three out of nine participating companies received a total investment of 9.5 billion KRW from VCs and related investors who attended the IR, and additional investment reviews totaling 7 billion KRW for two other participating companies are being actively pursued, indicating further investment achievements expected from the companies that participated in the March IR event.

Despite the nationwide 11.9% decrease in venture investment last year amid a startup investment winter, as announced by the Ministry of SMEs and Startups in the venture investment trend report earlier this year, achieving such investment results in the region is a remarkable accomplishment.

Kim Young-jip, the president, stated, "We will continue to make greater efforts so that more local companies can receive funding support through the investment funds established by Gwangju City and Gwangju Technopark."

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