The Gyeonggi Center for Creative Economy and Innovation (CEO Won-kyung Kim, hereinafter referred to as the “Gyeonggi Innovation Center”) announced on August 28 that it signed a memorandum of understanding (MOU) with the University of San Francisco (USF), a global entrepreneurship education institution located in California, USA, for the global expansion of startups and cooperation in the entrepreneurship ecosystem.
This agreement is part of the Gyeonggi Innovation Center's ongoing overseas expansion support initiative, serving as a global strategic hub for the nation's Creative Economy Innovation Centers. The goal is to strengthen the global expansion support system that connects the private, academic, and public sectors through collaboration with USF, a Silicon Valley-based entrepreneurship education institute.
Through this agreement, the two organizations have set the following as key areas of cooperation: ▲Soft Landing support for mutual childcare companies entering the local market, ▲Mentoring and B2B matching related to market entry, ▲Joint operation of accelerator programs and demo days, and ▲Exchange of policy and market insights.
Through its collaboration with USF, the Gyeonggi Innovation Center plans to provide a practical foundation for Korean startups to enter the US market, including mentoring, local networking, and settlement support. Furthermore, if USF-affiliated startups seek to expand into Korea, the center will support their connection to domestic startup infrastructure, including Pangyo Techno Valley.
Additionally, the two organizations plan to mutually invite each other to their respective childcare programs and events and enhance mutual understanding of the Korean-American startup environment and policies through joint seminars and workshops.
Kim Won-kyung, CEO of the Gyeonggi Innovation Center, said, “This agreement will go beyond simple exchange and become the foundation for practical connections between the startup infrastructures of Korea and the U.S. We will continue to expand cooperation with global universities and partners to more systematically support the overseas expansion of Korean startups.”
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