Gangnam-gu Supports Domestic and International IR and Testbed for Startups

Support for Domestic and International Investment Briefings and US Testbed for a Total of 45 Companies... Recruiting Participating Companies Until the 19th -

Gangnam-gu (District Mayor Jo Seong-myeong) is recruiting companies to participate in the ‘2024 Gangnam-gu Global Startup IR* Activation Support Project (hereinafter IR Support Project)’ and the ‘Startup Overseas Testbed Challenge in USA 4th Edition (Testbed Support Project)’ until the 19th to discover excellent startups in the region and assist their overseas expansion.

First, the IR Support Project targets venture and startup companies within Gangnam-gu that have been established for less than 7 years. Thirty-five companies will be selected to receive support such as ▲IR consulting and material production support through an accelerating program ▲domestic and international investment attraction presentations ▲global open innovation. Especially this year, to activate startup IR, investment attraction presentations will be held in the United States and Southeast Asia, and open innovation with global companies will be conducted, providing companies with opportunities necessary to grow on the global stage. For application and more detailed information, please refer to the announcement on the Korea Venture Business Association website or contact by phone.

The Testbed Support Project involves 10 large and medium-sized U.S. companies such as Walmart and FedEx. The district will select 10 domestic startups under 10 years old with technologies in ▲enterprise operation automation and data management ▲supply chain management ▲personnel management and operation ▲consumer analysis ▲Sustainability Tech ▲AI and Vision Tech ▲E-commerce Tech ▲Retail Tech, and support solution testing, overseas expansion legal consulting such as NDA and MOU, overseas VC round tables, and demo days. Through this, it plans to introduce the technologies possessed by domestic companies and provide business opportunities. More detailed information can be found on the InnovBranch website or on KakaoTalk Plus Friend ‘KITA Startup Branch.’

Meanwhile, since 2018, the district has been continuously operating the IR Support Project and Testbed Support Project in cooperation with the Korea Venture Business Association, Korea International Trade Association, and others to help the growth of startups in the region through professional and effective support measures. In addition, in October 2022, the ‘Gangnam Employment and Startup Hub Center’ was opened, providing affordable office space to 23 companies, and funds have been raised in three rounds to invest mainly in early startups or technology innovation and management innovation-type small and venture companies.

Jo Seong-myeong, Mayor of Gangnam-gu, said, “Gangnam-gu is the mecca of startups, with 50% (11 out of 22) of Korea’s unicorn companies gathered around Yeoksam-ro Startup Street, designated as a venture business promotion district. We will continue to provide active support to help local startups expand overseas and establish a foundation for sustainable growth.”

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