"Revitalizing Local Angel Investment"... Recruiting Local Governments to Operate Bases

Applications Accepted Until the 4th of Next Month
New Hub Construction Plan for This Year

The Ministry of SMEs and Startups announced on the 19th that it will recruit local governments to operate the 'Regional Angel Investment Hub' from the 20th of this month until the 4th of next month.

Minister Oh Young-joo of the Ministry of SMEs and Startups is sharing opinions with small business owners who attended the 'Small Business Cluster On-site Meeting' held on the 15th at the Seoul Metropolitan Small Business Specialized Support Center in Yeongdeungpo-gu, Seoul. Photo by Kang Jin-hyung aymsdream@

The Regional Angel Investment Hub is a specialized institution aimed at alleviating the concentration of angel investments in the metropolitan area and creating a regional-level startup-investment ecosystem. It utilizes the infrastructure and capabilities of private sectors such as regional investors and experts, as well as public sectors including local governments and Creative Economy Innovation Centers, to establish and promote startup-investment activation plans tailored to regional characteristics. The metropolitan areas where Angel Investment Hubs are established conduct various programs to expand regional angel investments, such as startup company presentations (IR), angel investment briefings, and angel investment forums.

The Regional Angel Investment Hub has been operating in three non-metropolitan metropolitan areas, starting with the Chungcheong region and Honam region in 2021, and opening in the Southeast region last year. This year, a new hub will be established in one of the non-metropolitan metropolitan areas excluding the Chungcheong, Honam, and Southeast regions.

To select the new hub, the Ministry of SMEs and Startups will evaluate factors such as the growth potential of angel investment, operational plans to promote angel investment, and the proposal of optimal office space for organic cooperation among local governments, and will select the local government with the highest score.

Applicants must submit an application letter (electronic document) and application documents (PDF version) via email or submit the original by mail (in person) within the application deadline. Detailed recruitment plans and other information can be found on the Ministry of SMEs and Startups website.

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