The Gangwon Creative Economy Innovation Center announced on the 22nd that it had signed investment contracts worth approximately 500 million won with 11 promising startups in Gangwon Special Self-Governing Province for the year 2025.
This investment was made to strengthen the growth foundation of local startups by quickly connecting them with investments at an early stage, focusing on innovative companies discovered through the Ministry of SMEs and Startups' Build-up Strategy for Startups (BuS) program.
The Gangwon Center for Creative Economy and Innovation utilized its own Gangwon Innovation and Startup Fund No. 1 and Gangwon Youth Startup Fund No. 1 to invest in a total of 11 companies over the first and second halves of the year. These companies are startups located in or seeking to relocate to the Gangwon region, and they are characterized by both technological competitiveness and potential for business expansion.
In the first half of the year, Parotech, which develops a platform for converting internal combustion engine commercial vehicles to hydrogen vehicles; Another Doctor, a total solution company connecting dental clinics and dental laboratories with an AI-based tooth color extraction engine; The Bio, a human-centric LED lighting manufacturer; Makeworks Communication, a SaaS-based campground development and operation integrated management solution company; and Soundet, which developed PLAYCOUNT, a data service supporting album planning, attracted investment.
In the second half of the year, six companies were included: BC D Tech, which develops a specialized byproduct processing device for semiconductor thin film equipment; Atomatrix, a next-generation new drug design service company based on artificial intelligence and molecular dynamics; 810 FC, a company developing pet functional nutritional supplements and pharmaceuticals based on natural new drug raw materials; Conexi, a distributed data security storage company based on IPFS technology; Sulzel Company, a gelato manufacturer and seller using local agricultural and livestock products; and Partner M, which operates a direct transaction distribution platform for used medical devices.
The companies invested in this round are deep-tech startups possessing core technologies in future industries that Gangwon Special Self-Governing Province is prioritizing, such as semiconductors, bio-health, future vehicles, future energy, food tech, and climate tech. They are expected to contribute to the advancement of local industries and the creation of new growth engines in the future.
Lee Hae-jeong, CEO of the Gangwon Creative Economy Innovation Center, said, “2025 is the year we will fully expand our investment in promising startups that will lead Gangwon’s future industries,” and added, “We will continue to invest so that local startups can grow into domestic and international markets through rapid investment in the early stages and systematic follow-up support.”
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