Jeju Center for Creative Economy and Innovation announced on the 5th that it signed a business agreement (MOU) with SparkLabs Korea and SparkLabs Taiwan to strengthen cooperation in the Asian startup ecosystem.
This agreement was made to promote startup and investment exchanges between Korea and Taiwan and to promote practical joint growth. Through the agreement, the three organizations agreed to promote matching and exchanges between Taiwanese and Korean startups and jointly pursue proof of concept (PoC) for innovative technologies and business models. They also plan to connect investor networks in both countries and jointly seek investment attraction opportunities, while also cooperating on joint events and platform operations to activate the ecosystem.
Jeju Center expects that this agreement will strengthen its role as a startup hub connecting Taiwan and Korea. It also expects that this will provide a foundation for each region’s startups to expand overseas expansion opportunities and enhance their ability to attract global investment.
SparkLabs, which signed the business agreement, is a global accelerator established in 2012 that supports the growth of early-stage startups in Korea, the US, Saudi Arabia, Taiwan, and other countries. Based on its extensive global network, it helps startups expand overseas and attract investment, and contributes to the creation of a startup ecosystem across various industries.
Lee Byeong-seon, the head of the Jeju Center, said, “Through this agreement, we have laid an important bridge for global connection of Jeju startups,” and “We will continue to work with domestic and international partners to help Jeju startups leap into the global market and secure more investment opportunities.”
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