Lotte Ventures Continues Founder Shin Kyuk-ho's Legacy... Accelerates Support for Domestic Startups

2023 L-CAMP JAPAN 1st Cohort Successfully Completed

Lotte Ventures announced on the 13th that it conducted the local program for the '2023 L-CAMP JAPAN 1st Cohort' to support Korean startups wishing to enter the Japanese market.

Lotte Ventures, together with Japan's Lotte Group and the Busan Creative Economy Innovation Center, held the program in Tokyo over three days from the 11th to the 13th. L-CAMP JAPAN is the first project where Lotte entities from both Korea and Japan collaborate to nurture startups. From the selection stage to the local program, Japan's Lotte Group and Japanese venture capital participated together to find startups with potential to succeed in the local market.

Since July, through document and face-to-face evaluations, 11 startups were selected, including 'RebornGoods' (total solution for Nth-hand product distribution), 'Newbility' (indoor/outdoor autonomous delivery robots), 'S2W' (AI-based cybersecurity data intelligence development), 'LightBrothers' (used bicycle trading platform), and 'ProxyHealthcare' (oral care products utilizing microcurrent).

On the afternoon of the 12th, at Tokyo Culture Culture in Tokyo, Japan, Kenichi Tamatsuka, CEO of Lotte Holdings Japan, along with representatives from leading Japanese VCs such as Incubator Fund and Paksha Capital, engaged in a discussion during the '2023 L-Camp Japan 1st Cohort'.
[Photo by Lotte Holdings]

A systematic program based on local business capabilities and networks was also conducted. The core was an investment and collaboration briefing session for First CVC representatives, who have a network of over 250 Corporate Venture Capitals (CVCs) in Japan. Additionally, startup pitching sessions were held for five Japanese Lotte companies (Lotte Ventures Japan, Lotte Holdings, Lotte City Hotel, Chiba Lotte Marines, and Lotte Co., Ltd.), along with one-on-one business meetings. Sharing sessions on 'The Japanese Startup Market Ecosystem and Essential Factors for Startup Success' were conducted by Genichi Tamatsuka, CEO of Lotte Holdings Japan; Masahiko Honma, CEO of Incubate Fund; and Katsuya Uenoyama, CEO of Paksha Capital.

Lotte Ventures plans to continue operating various programs to support domestic startups' overseas market entry, inheriting the global pioneering spirit of first-generation global entrepreneur and founder Shin Kyuk-ho. This includes support for securing venture capital investments and collaborations, as well as business commercialization connections with Japanese Lotte affiliates.

Jeon Young-min, CEO of Lotte Ventures, said, "Our country's startups possess high business capabilities and technologies that can compete in the global market," adding, "We will build support infrastructure that helps expand the market size so that our young entrepreneurs can freely pursue their future dreams."

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