Gyeonggawon Supports 'Startup Heaven' with Comprehensive Aid Including Training 1,000 Innovative Entrepreneurs

by Lee YeongKyu

Published 08 Jan.2025 14:56(KST)

Gyeonggi Province is launching comprehensive support this year to revitalize the startup ecosystem.

Gyeonggi Province and the Gyeonggi Economic Science Promotion Agency are newly forming the Gyeonggi Startup Council and expanding the Pangyo+20 innovation space to increase resident companies to 430. Additionally, through the ‘Gyeonggi Startup Academy,’ they aim to nurture over 1,000 innovative entrepreneurs. Furthermore, they will strengthen customized support in the deep tech sector and global investment attraction to assist startups in the province with overseas expansion.

To create a startup paradise in Gyeonggi, the agency held a total of three seminars under the theme ‘People who will build the Gyeonggi startup ecosystem’ starting from December last year.

This seminar was planned to present practical global growth strategies to startups facing an investment winter.

At the first seminar held on December 4 last year, the topic was ‘Success conditions desired by investors,’ followed by presentations and discussions. Youngdeok Kim, partner at Mark & Company, emphasized recession response strategies that turn economic downturns into opportunities based on the success case of Gmarket. Jiae Lee, managing director at KB Investment, proposed effective pitching strategies and know-how for early-stage investment attraction to gain investor trust.

Participants are speaking at the panel talk concert during the Startup Heaven Seminar held by the Gyeonggi-do Economic Science Promotion Agency on the 8th. Photo by Gyeonggi-do Economic Science Promotion Agency

At the second seminar held on the 18th of the same month, the theme was ‘Success formulas shared by senior companies.’ Seungwook Baek, chairman of Lunit, presented growth strategies for deep tech startups. Following this, Jaeun Lee, CEO of Bitsensing and three-time CES award winner, gave a lecture on global stage entry experiences based on strategic partnerships with large corporations.

At the third seminar held on the 8th, Minseok Shin, director at Microsoft, received great acclaim by presenting step-by-step technology adoption strategies using AI and cost optimization methods.

Yongnam Hong, CEO of Allo, a Silicon Valley collaboration tool specialist company, shared know-how on successful entry into Silicon Valley and overseas market expansion. Afterwards, Ianho Lee, lead attorney at Han Young Law Firm, presented legal points such as international contract design and local regulatory response strategies necessary for overseas expansion.

The seminar proceeded in the order of ▲topic-specific relay lectures ▲panel talk concerts ▲on-site workshops with speakers ▲networking among participants.

Kang Seongcheon, president of the Gyeonggi Economic Science Promotion Agency, stated, "This seminar was significant in providing strategies and know-how needed at each stage of startup growth," and promised, "We will continue to actively support startups in the province to grow into global companies."