The Ministry of SMEs and Startups (Minister Oh Young-joo) and the Korea Institute of Startups and Entrepreneurship Development (President Yoo Jong-pil) announced that they will operate integrated K-Startup pavilions at startup exhibitions in three countries: SWITCH in Singapore, BIBAN in Saudi Arabia, and CES Eureka Park in the United States from the 9th to the 22nd.
These exhibitions showcase world-class innovative technologies and products, and provide insight into the host country's market and global technology and industry trends.
Through this recruitment of participating institutions for the 'K-Startup Integrated Hall', the Startup Promotion Agency plans to expand the channels for discovering promising startups and strengthen support for participating startups to enter the global market in cooperation with participating institutions.
President Yoo Jong-pil of the Korea Institute for Startups and Entrepreneurship Development said, “The ‘K-Startup Integrated Center’ will not only be a great window for Korean startups advancing into the global stage, but also a strategic means for participating organizations to support companies.” He added, “We will actively support innovative Korean startups so that they can smoothly enter the global market.”
Recruitment of startups participating in the K-Startup Integrated Hall is done by having participating organizations select the exhibitions they will participate in, recruiting startups to participate in those exhibitions on their own, and recommending them to the Startup Promotion Agency. Recruitment of startups participating in exhibitions will be conducted separately according to the schedule of each exhibition.
The Startup Promotion Agency oversees the operation of the K-Startup Integrated Center and provides pre-capacity enhancement programs to promising startups selected through recommendations from each participating organization.
Meanwhile, the Startup & Entrepreneurship Development Institute has been supporting overseas exhibitions specializing in startups since 2021, and starting with the 'K-Startup Integrated Pavilion' and the Seoul Economic Promotion Agency's 'Seoul Integrated Pavilion' supporting 51 companies at the 2023 Consumer Electronics Show (CES) in the U.S., the scale of support has been expanded from 2024 to support 174 startups by participating in SWITCH, BIBAN, and the International Consumer Electronics Show (CES) together with 32 participating organizations (local governments, large corporations, startup-related organizations, etc.).
In addition, the 2024 K-Startup Integrated Hall received a great deal of attention with a total of 2,179 local investment consultations and 481 contracts signed, and 597 cases were reported in domestic and international media. At the International Consumer Electronics Show (CES), 12 companies achieved the feat of winning the Innovation Award, known as the honor of the exhibition.
Recruitment of participating organizations for the operation of the 'K-Startup Integrated Center' will be held until the 22nd, and detailed information can be found in the business announcement on the K-Startup website .
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