Draper Startup House Korea (CEO Se-Yong Lee) announced on the 29th that it signed a strategic business agreement (MOU) with JNP Global (CEO Ji-Hwan Park) on the 24th and established a joint cooperation system for the global expansion of technology-based startups.
Draper Startup House, a global accelerator founded by Silicon Valley venture capitalist Tim Draper, operates offices in 35 cities worldwide. To date, it has produced approximately 30 unicorn companies and will open a Korean branch in Garosu-gil, Seoul, in December 2024, offering a variety of support programs, including startup incubation, global expansion, and investment linkages.
JNP Global, founded in 2013, is an accelerator that operates the Daejeon Youth Entrepreneurship Academy and has the capacity to support technology-based startups through collaborations with research institutes and science and technology specialized universities in the Daedeok Innopolis.
Through this agreement, both parties plan to pursue specific cooperative projects, including ▲establishing a global expansion startup fund, ▲connecting with global investment attraction, ▲holding joint demo days at home and abroad, and ▲expanding childcare infrastructure.
JNP Global plans to operate a "Technology-Based Startup Placement Program" to establish a full-cycle support system encompassing everything from company discovery and investment, to TIPS (Tele-Innovation-Driven Technology Startup Support) selection, and subsequent growth support. Furthermore, the organization plans to expand practical support measures for global market entry, focusing on networks among innovative entities.
Through this agreement, the two companies will jointly establish a "One-Stop Incubation Service" model for startups with technological prowess and growth potential, and strengthen customized support for entering the global market.
“We will accelerate the global expansion of Korean startups based on the Draper network,” said Lee Se-yong, CEO of Draper Startup House Korea.
Park Ji-hwan, CEO of JNP Global, said, “We will support the global expansion of local startups and expand the growth ecosystem of technology-based startups nationwide.”
- See more related articles
You must be logged in to post a comment.