Venture Square and Gyeonggi Center Form 6.05 Billion Won "VS Gyeonggi Innovation Investment Fund No. 3"

The Gyeonggi Creative Economy Innovation Center and Venture Square Co., Ltd. formed the 'VS Gyeonggi Innovation Investment Association No. 3' with a scale of 6.05 billion won for the purpose of investing in start-up companies, and held an inaugural general meeting on the 31st.

This fund was participated by public, private, and academic investors, including the Korea Mother Fund (account of the Ministry of SMEs and Startups), Crowdworks, Suwon City, Kyunghee University Technology Holdings, Mokwon University Technology Holdings, Seoul National University of Science and Technology Technology Holdings, Konkuk University Technology Holdings, Soongsil University Industry-Academic Cooperation Foundation, and Hanil Electric.

Through this fund, the Gyeonggi Innovation Center and Venture Square plan to focus on small, early-stage startups, primarily those in the mother fund sector, with investments focused on companies in operation for less than three years or with annual sales of less than KRW 2 billion. The goal is to proactively identify and support the growth of early-stage companies with technological competitiveness and growth potential.

Following the investment, the company will pursue R&D and commercialization support through collaboration with the TIPS and Deep Tech TIPS programs, respectively operated by the Gyeonggi Innovation Center and Venture Square, its joint operators. Furthermore, the company will provide support at each stage of its growth, including linking with open innovation programs with large and medium-sized enterprises, PoC verification, and global expansion assistance.

This fund is structured to leverage the technology and research infrastructure and business-linked capabilities of participating universities, private companies, and local governments in the growth process of invested companies. This approach aims to support phased growth, encompassing technological advancement, commercialization, follow-up investment, and scale-up.

Through joint operations with Venture Square, the Gyeonggi Innovation Center plans to increase investment accessibility for early-stage startups and foster an investment ecosystem in which both the public and private sectors participate, thereby continuously supporting the growth of promising startups.

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