Gumi-Type Startup Fund Selects First Investment Company 'RFon'... Signs 1 Billion KRW Investment Agreement

Revitalizing the Local Startup Ecosystem
Strengthening Global Competitiveness Expected

Gumi Mayor Kim Jangho announced on the 28th that on the previous day, he signed a 1 billion KRW investment agreement with RFON as the first investment company of the "Enlight Next Superstar Venture Fund," a Gumi-style startup fund.

Kim Jangho, mayor of Gumi, is speaking after signing an investment agreement worth 1 billion KRW with RFON, the first investee company of the Gumi-type startup fund, "Inlight Next Superstar Venture Fund," on the 27th.

The signing ceremony was attended by Kim Jangho, Mayor of Gumi, Park Kyosang, Chairman of the Gumi City Council, Cho Kyungrae, CEO of RFON, Park Moonsu, CEO of Enlight Ventures, and about 20 other related officials.

The "Enlight Next Superstar Venture Fund" is a 59.5 billion KRW fund established to support the growth of deep-tech startups outside the capital region. Gumi City drew attention by being the only local government to contribute 2.5 billion KRW.

The fund is managed by Enlight Ventures Co., Ltd., and with this agreement, the activation of the local startup ecosystem and support for startups has officially begun.

RFON is a defense-specialized company founded in Gumi in November 2022, developing RF-based electronic jamming technology and drone jamming modules.

Currently, RFON is registered as a primary partner of LIG Nex1 and has been recognized for its technological capabilities by supplying samples to the Ministries of Defense in India and Israel.

With this investment, RFON plans to establish a mass production system by 2026 and aims to advance technologies such as drone jammer systems, radars, and semiconductors for defense by 2028. The company also plans to accelerate its global market strategy by establishing local subsidiaries in India and the United States.

Kim Jangho, Mayor of Gumi, emphasized, "Through the Gumi-style startup fund and step-by-step growth support projects, we will lay the foundation for local startups to leap forward and revitalize the Gumi-style startup ecosystem by continuously discovering promising companies. Through this, we will inject vitality into the local economy."

On the 27th, Kim Jangho, mayor of Gumi City, signed an investment agreement worth 1 billion KRW with RFON as the first invested company of the Inlight Next Superstar Venture Fund and took a commemorative photo.

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