On the 18th , the Daejeon Creative Economy Innovation Center (CEO Daehee Park, hereinafter referred to as the Daejeon Innovation Center) signed a ‘MOU for cooperation in fostering and investing in startups’ with the Korea Social Investment Foundation (CEO Soonyeol Lee) at the Daejeon Startup Park headquarters.
This agreement aims to strengthen the full-cycle support system from discovery and nurturing to investment and global expansion of early-stage startups and venture companies in the Daejeon area, and the key is the combination of the public startup support infrastructure and private impact investment capabilities of both organizations.
Daejeon Innovation Center is in charge of public-based startup support functions such as discovering and nurturing local startups, operating startup infrastructure, and linking with the TIPS program, while Korea Social Investment is cooperating based on its private capital-based expertise in impact finance, investor networks, and global expansion consulting.
The two organizations plan to closely cooperate with a focus on ▲joint discovery of promising early-stage startups and customized growth support ▲sharing of TIPS programs and startup support infrastructure ▲joint fund creation and investor network cooperation ▲global expansion and overseas business linkages, etc.
In particular, the Daejeon Innovation Center is expected to build a mixed-resource startup support model that combines the public and private sectors by utilizing its regional startup support capabilities and Korea Social Investment's impact investment and global network resources. It is also evaluated that this collaboration will serve as an opportunity to establish a value-based startup ecosystem centered on ESG and impact.
Park Dae-hee, CEO of Daejeon Innovation Center, said, “Through cooperation with impact investment institutions, we will realize a sustainable growth model that allows startups to secure both funds and social value.”
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