Korea Startup Forum Signs Business Agreement with Finnish, Malaysian, and Indian VCs

Exchange with Global VCs at Busan Slushed
Supporting Mutual Market Entry and Networking Activities
"Connecting Domestic and Global Startup Ecosystems"

The Korea Startup Forum is establishing partnerships with three countries, including Finland, to globalize the startup ecosystem.

Hansangwoo, Chairman of Korea Start-Up Forum, and Alice Hodzic, Investment Manager at Wave Ventures, are signing a business agreement and taking a commemorative photo.
[Photo by Kospo]

The Korea Startup Forum announced on the 11th that it has signed business agreements with global venture capitals based in Finland, Malaysia, and India. At 'Busan Slushd 2024,' held at BEXCO in Busan on the 25th of last month, Wave Ventures (Finland), Digital District and Arcade Ventures (Malaysia), and Lucam Capital (India) participated. On that day, Kospo signed memorandums of understanding with overseas organizations and pledged cooperation to revitalize the global startup ecosystem.

Under this agreement, Kospo and the VCs will build partnerships for the startup ecosystem and create opportunities for business expansion. They plan to discover promising startups and prospective entrepreneurs, providing opportunities for overseas expansion and business collaboration with investors.

In particular, Finland's Wave Ventures focuses on investing in student startup teams and supports mutual market entry and networking activities. On the day of the event, a Wave Ventures investment manager shared the status of the Nordic startup ecosystem with university startup teams and volunteers on-site.

Digital District and Arcade Ventures, the organizers of Kuala Lumpur Slushd in Malaysia, will support mutual market entry through their Southeast Asian regional networks. Lucam Capital, the organizer of New Delhi Slushd in India, will promote cooperation for business exchange and investment attraction.

Han Sang-woo, chairman of Kospo, said, "Busan Slushd is playing a role as a network hub connecting domestic and global startup ecosystems beyond regional startup ecosystem expansion," adding, "We will continue efforts to enable startups from Asia and Northern Europe to grow together centered on Busan, the global hub city, through this agreement."

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