Daejeon TP, Singapore, and US Investors Discuss Global Investment Cooperation for Daejeon Companies

Meeting on Overseas Expansion and Investment Cooperation for Daejeon Companies with Innovate 360 and Meru Ventures

Photo by Daejeon TP

Daejeon TP has joined forces with Singapore’s Innovate 360 and US investment firm Meru Ventures to discuss overseas expansion and investment cooperation for Daejeon-based companies.

On the afternoon of December 9, Daejeon TP held a roundtable at Daejeon Technopark D-Station with Singapore accelerator Innovate 360, US investment firm Meru Ventures, and six major investment firms from the Daejeon region. The meeting focused on supporting overseas expansion for Daejeon companies and strengthening the global investment network.

The participating organizations engaged in in-depth discussions on topics including: discovering global co-investment models, jointly operating overseas acceleration programs, and supporting the global scaling up of promising technology companies in the Daejeon region.

Singapore’s Innovate 360 is an accelerator specializing in food tech and green bio, with an investment network spanning Southeast Asia. The company is actively considering establishing a branch in Korea.

In particular, Innovate 360 expressed its commitment to jointly operate business support programs and invest with Daejeon TP, which is expected to serve as a practical bridgehead for entering the Southeast Asian market in the future.

Meru Ventures, based in Silicon Valley and New York, discussed opportunities for collaboration with Daejeon companies seeking to enter the US market. The firm also shared its investment capabilities rooted in Silicon Valley and global market entry strategies, demonstrating its intention to expand the foundation for Korea-US investment cooperation.

Investment firms from the Daejeon region shared the overseas expansion needs of local companies and proposed cooperation models for joint investment and joint program operation with Innovate 360 and Meru Ventures. The participating organizations plan to use this roundtable as a starting point to further develop concrete cooperation plans.

Kim Wooyeon, President of Daejeon TP, stated, “Building a global investment network is essential for technology companies in Daejeon, a world-class economic city, to secure competitiveness in the global market. Based on this meeting, we will actively support the early implementation of practical cooperation, such as joint program operation with overseas investment firms.”

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