Global deep-tech accelerator Pacemakers (CEO Kyung-rak Kim) announced on the 21st that it signed a business agreement with Draper Startup House Korea (CEO Se-yong Lee) to support scale-up of promising domestic startups and activate global expansion, and that they will cooperate in a program to jointly discover domestic startups interested in global expansion and support their expansion by planning and participating in collaborative programs.
Draper Startup House Korea (hereinafter DSH Korea) and Pacemakers plan to actively provide ▲DSH Korea resident program development and operation ▲university rookie program development and operation ▲support for attracting investment and global expansion for promising domestic startups, thereby activating the global expansion of domestic startups.
In addition, Pacemakers has decided to cooperate through a global investment attraction demo day as an extension of the EDGE (Entrepreneur Development Global Expansion, its own global placement accelerator program) program, which has successfully recruited five batches up until last year.
DSH Korea CEO Lee Se-yong said, “DSH Korea, which has extensive experience in global startup incubation, and startup accelerator Pacemakers should work together to jointly develop startup scale-up and global expansion programs, and focus on increasing the possibility of domestic startups entering the global market. I hope this business agreement will be the beginning of accelerating the expansion of global expansion for domestic startups.”
Kim Kyung-rak, CEO of Pacemakers, said, “We expect a synergy between our company’s global startup scale-up capabilities that we have built up for over seven years and DSH Korea’s global incubation infrastructure.” He added, “We expect that experts in each field from our third GSMP (Global Startup Mentor High Level Course) will participate as dedicated mentors and that we will actively utilize our own domestic and international investment network to become a bridgehead for domestic startups to advance into the global market.”
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