Gyeonggawon Hosts 'IR Demo Day' to Discover Leading Companies in the Sharing Economy

IR Demo Day event hosted by Gyeonggi-do Economic Science Promotion Agency

On the 7th, the Gyeonggi-do Economic Science Promotion Agency held an IR Demo Day for the ‘Shared Enterprise Discovery and Nurturing Project’ at the Pangyo Startup Campus.

The event was organized to evaluate the achievements of 10 shared enterprises in the province that have grown through a systematic program supported by private professional accelerators over six months since April, and to provide opportunities for investment attraction.

To maximize the investment attraction results of the shared enterprises, numerous professional investment institutions and accelerators (AC) such as CNT Tech Co., Ltd., POSCO Technology Investment, Daesung Startup Investment Co., Ltd., and Hana Ventures attended the IR Demo Day.

As a result of the competition, Fitin Co., Ltd. was selected as the best company in the investment pitching (IR) and received 10 million KRW in commercialization funds and a plaque.

Fitin is a startup that developed a commercial electric vehicle battery sharing platform. By presenting a business model for battery replacement technology for various vehicle types such as taxis and freight vehicles, it succeeded in attracting 3 billion KRW in investment this year through building a circular economy value chain for electric vehicle batteries.

Additionally, Towns Co., Ltd., which developed the ‘Towncar’ platform, a vehicle sharing service among neighborhood neighbors, succeeded in attracting 2 billion KRW in investment this year with a business that solves mobility convenience issues for local residents without cars or with limited mobility.

Furthermore, Jinsim Co., Ltd., operating ‘Bakar,’ an idle camping car sharing service selected for the Credit Guarantee Fund’s ‘Little Penguin’ program, will receive a total guarantee support of 1 billion KRW over three years.

Kim Hong-gil, Director of the Social Economy Promotion Bureau of Gyeonggi-do, stated, "We plan to grow shared enterprises into value companies that achieve sustainable growth together with Gyeonggi-do through innovation and challenge beyond simple business models, realizing both social value and economic performance simultaneously."

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