Suwon City Selects Six Management Firms for 100 Billion Won 'Enterprise Saebit Fund'

Suwon City in Gyeonggi Province has selected six additional companies as general partners (management firms) to establish and operate the 'Suwon Enterprise Saebit Fund.'

Suwon City announced on the 18th that, following the recruitment of the second round of Suwon Enterprise Saebit Fund management firms in August and September, 26 companies submitted proposals. Among them, six were selected: SJ Investment Partners (general early-stage sector), SV Investment (materials, parts, and equipment sector), BNH Investment (bio sector), IBK Venture Capital & SBI Investment (super-gap sector), and Tap Angel Partners, Gyeonggi Center for Creative Economy & Innovation & Venture Square (small-scale early-stage sector).

Suwon City Hall

The Suwon Enterprise Saebit Fund is designed to invest in startups, venture companies, and small and medium-sized enterprises that have technological capabilities but lack sufficient capital, helping them to grow. The second fund will be managed at a total scale of 100 billion won, including a 10 billion won investment from Suwon City.

Unlike the first fund, the second fund has introduced an AC Fund (Accelerator-exclusive fund) specifically for early-stage startups. By reflecting the opinions of local companies, Suwon City plans to strengthen strategic investments in companies at the initial stage of establishment.

An official from Suwon City stated, "With the selection of capable venture capital firms, we expect that fund investments in Suwon-based companies will become more active following the first Saebit Fund. By establishing the accelerator fund, we will also actively support investments in early-stage startups."

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