Draper Startup House Korea announced on the 28th that it signed a strategic business agreement (MOU) with Cloto Co., Ltd., the operator of Hello Unicorn. Through this agreement, the two organizations plan to fully promote a private sector-led global linkage model that provides practical support for domestic startups’ overseas expansion and foreign startups’ domestic settlement.
Hello Unicorn is an administrative automation platform specialized in government-supported projects, and is a solution designed by startup founders who have experience with numerous public projects. It supports the entire administrative work process from business plan establishment to application, execution, and settlement for founders who are struggling with complex administrative procedures. Recently, global government grant information has also been integrated into the platform, strengthening customized services, especially for foreign founders who are not familiar with the Korean system.
Draper Startup House Korea is the Korean branch of Silicon Valley-based Draper Network, providing startup infrastructure for foreign startups to enter the Korean market and domestic startups to expand overseas. It supports the growth of startups through various services such as networking events, office space, incubation programs, and global VC connections, and plans to further strengthen its two-way startup support system through this agreement.
Through this agreement, the two companies will provide foreign startups with dedicated administrative support for utilizing Korean government support projects, as well as opportunities for settling in and expanding their networks, while supporting Korean startups by linking them with global expansion strategies, connecting local bases, and establishing customized business plans.
Hello Unicorn CEO Lee Hyun-seok said, “There have been many cases where foreign entrepreneurs have missed out on various support benefits due to their unfamiliarity with Korean administrative procedures,” and added, “Through this agreement, we will create an environment where entrepreneurs can focus on actual management.”
An official from Draper Startup House Korea also said, “Domestic startups have had difficulties in expanding overseas due to a lack of opportunities to implement despite having sufficient technological capabilities and potential,” and added, “This collaboration is not a simple partnership, but a declaration of private action to realize a practical global startup ecosystem.”
According to the agreement, companies moving in and recommended by both companies will be able to use each organization's services with priority or discounted terms, and various programs such as joint demo days, overseas expansion consulting, and global partner matching will be implemented in stages in the future.
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