The Korea Technology Finance Corporation (Chairman Jong-ho Kim, hereinafter referred to as “KIBO”) announced that it held the “16th KIBO Venture Camp Integrated Demo Day” on Tuesday, the 24th, at Tipstown in Gangnam-gu, Seoul to provide investment attraction opportunities and practical IR experience to startups discovered and fostered through the KIBO Venture Camp program.
Kibo Venture Camp is a program that discovers and fosters innovative startups within 3 years of establishment in line with the Ministry of SMEs and Startups' 'Domestic Startup Ecosystem Activation Policy'. Based on its accumulated experience in supporting technology startups, Kibo is focusing on growing innovative startups into star ventures by collaborating with top-level domestic private accelerators such as CNT Tech, Darae Strategy Commercialization Center, Series Ventures, Zephyrus Lab, and Tap Angel Partners.
This demo day was held in a heated atmosphere with the participation of 75 innovative startups selected for the 16th Kibo Venture Camp, as well as various investors such as accelerators and venture capitalists. In particular, 10 excellent startups expanded their investment attraction opportunities by conducting individual IR pitching and corporate promotion. A sketch video containing the main scenes of the event will be available on Kibo YouTube channel later.
Meanwhile, Kibo provides the following benefits to participating companies in the Kibo Venture Camp: ▲ Guarantee support of up to KRW 200 million regardless of sales performance; ▲ Guarantee limit of up to KRW 1.5 billion for excellent participating companies in the top 25%; ▲ Accelerating such as pre-diagnosis, mentoring, and network support; ▲ Non-financial support such as technology transfer, consulting, and innovative company certification; ▲ Recommendation of companies for guaranteed-linked investment and ongoing support for attracting private investment.
Lee Sang-chang, CEO of Kibo, said, “I believe that through this Kibo Venture Camp, we have laid the foundation for 75 technology-based innovative startups to leap forward as global unicorn companies,” and “Kibo will continue to provide financial and non-financial support for their continued growth and become a strong partner to innovative startups.”
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