Startup accelerator Venture Square announced on the 6th that it will begin operating the 8th ‘Start-up NEST’ accelerating program of the Korea Credit Guarantee Fund.
The Startup Nest program is a startup incubation platform consisting of four stages: startup discovery, acceleration, financial support, and growth support. It provides integrated support of financial support such as guarantees and investments and non-financial services such as acceleration, overseas expansion, and technical consulting.
From October to December, Venture Square will provide IR coaching to strengthen investment attraction capabilities, including mentoring on business model advancement and mentoring in areas such as law, patents, accounting, and taxation, for five companies in the fintech sector and companies in innovative growth sectors related to the 4th industrial revolution for three months. For excellent startups with growth potential, we will also provide direct investment by TIPS and investment connections with professional investment firms.
◈ The 10 selected teams are as follows:
RoboArte Co., Ltd. – Robert Chicken, a brand that fries chicken with robots
Secret Rest Co., Ltd. – Stockings without tummy tuck for women in early pregnancy and infertile women
Jikji Digital Co., Ltd. – The world’s first URL-based asset transfer service
Creators Market Co., Ltd. – Global Creator Sponsorship Commerce Platform
Tree Farm Co., Ltd. – Landscaping service that adds nature to life
Myon – Hyper-personalized career guidance service
WEARL – Augmented Reality Content Creation
Crossbeam Co., Ltd. – Cloud-based construction collaboration tool
800 Meters Co., Ltd. – Non-face-to-face delinquency management system for insurance designers and customers
Fundblock Global Co., Ltd. – Real estate indirect investment exchange platform based on blockchain technology
Venture Square CEO Myeongseung said, “We have been running the Startup Nest program since 2017. As we are in charge of the 8th acceleration program this year, we will support all companies to grow and converge with cutting-edge industries based on our existing know-how.”
Meanwhile, the Korea Credit Guarantee Fund has discovered a total of 560 promising startups through its 7th term, providing 153.8 billion won in credit guarantees and 11.9 billion won in direct investment, and has also attracted 78.8 billion won in follow-up investment in conjunction with private venture capital.
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