The Ventures announced on June 9 that it will participate as a cooperative partner in the regular placement program 'Kim Ki-sa Lab 7th' operated by Kim Ki-sa Lab. Recruitment for participating teams for this program will be held from June 9 to 27.
The Ventures recognized the importance of a placement program focused on early-stage startups amidst recent difficulties in the investment market and joined this collaboration. Both institutions are investment firms founded by founders themselves, and they share a commonality in that they deeply understand the realistic problems startups face in the early stages of their business and the difficulties of setting direction.
The Kim Ki-sa Lab Batch Program is an intensive 3-month training program for startups in their early stages, providing investment, mentoring, and commercialization support through regular selection. Starting with the 7th batch, The Ventures will participate as a cooperative partner and jointly conduct investment reviews for the selected teams.
The selected 7th batch of participating teams will receive various support benefits such as the opportunity to attract initial investment of over 100 million won, 1:1 close mentoring with founder Kim Ki-sa, recommendations for R&D deep tech TIPS, connection to move into Seoul Startup Hub Gongdeok Center, and networking with domestic and international entrepreneurs and experts. Investment screening will be conducted separately by Kim Ki-sa Lab and The Ventures, and simultaneous investment will be flexibly applied depending on the situation and intention of the startup.
The Ventures CEO Kim Chul-woo said, “The biggest strength of this program is that we can provide close support so that the early-stage startup teams can focus on execution,” and added, “As an investment firm with founders as their background, we will think about strategy and execution together with the team from the same perspective and provide practical growth opportunities.” Kim Ki-sa Lab CEO Shin Myeong-jin said, “Since this is a special opportunity to receive investment from two investment firms at the same time, I hope that many startups will actively participate.”
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