The Gyeonggi Center for Creative Economy and Innovation (CEO Kim Won-kyung, hereinafter referred to as the Gyeonggi Innovation Center) signed a Memorandum of Understanding (MOU) with the Korea Association of Small and Medium Business Technology Innovation (Chairman Jeong Gwang-cheon, hereinafter referred to as the Innobiz Association) on the 24th to support the scale-up of technologically innovative companies. This agreement aims to identify startups and SMEs with technological prowess and establish a system that connects them to investment based on technological evaluations, ultimately leading to growth support.
Through this agreement, the two organizations plan to pursue ▲cooperation in attracting investment from startups and SMEs ▲verifying corporate value and linking investments based on technology assessments ▲cooperating on education and acceleration to support corporate growth ▲jointly discovering and fostering technologically innovative companies. In particular, they will link the Gyeonggi Innovation Center's investment and incubation group of companies and the Innobiz certified company database to identify companies with high technological competitiveness. They will also recommend fostered companies to the "INNOWAVE IR event" hosted by the Innobiz Association to expand contact with external venture capitalists and private investment organizations.
Jeong Gwang-cheon, Chairman of the Innobiz Association, stated, "Many companies, despite possessing technological prowess, face challenges during the investment and market expansion process. Through this agreement, we will establish an 'evaluation-investment-growth' cooperative system that links technology assessment and investment support, thereby strengthening the corporate growth ladder." Kim Won-kyung, CEO of the Gyeonggi Innovation Center, stated, "Through our collaboration with the Innobiz Association, we will strengthen practical scale-up support so that technology-innovative companies can quickly advance to the investment and market expansion stages."
Since its establishment in 2015, the Gyeonggi Innovation Center is a public accelerator that has incubated approximately 1,700 companies, established a 35.4 billion won fund, and directly invested in 146 companies. It supports the growth of technology-based innovative companies through various programs, including providing investment and incubation space, acceleration, open innovation, and global expansion support.
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