Myriad Partners has been selected as the initial small business investment manager (GP) for the '2025 Mother Fund 1st Regular Subscription Project' hosted by the Ministry of SMEs and Startups and Korea Venture Investment Corporation.
A total of 14.5 billion won will be invested in this early stage small business sector, and based on this, a total of 28 billion won or more in private funds will be created. The fund plans to focus on investing in early stage startups that have been in business for less than 3 years or have annual sales of less than 2 billion won, especially companies located outside the metropolitan area.
This year, a total of 34 companies applied for the small business sector in the early stages of startups, and with a competition rate of about 6.8 to 1, a total of 6 companies, including Myriad Partners, were selected as consignment managers. In addition, New Paradigm Investment, C&Venture Partners, Tap Angel Partners, and Gwangju Creative Economy Innovation Center-Gist Technology Holdings Consortium were also named.
Myriad Partners has strategic consulting experience in technology valuation, business development, and IPO support, mainly in the bio and healthcare sectors, as well as planning, startup, and early-stage venture investment capabilities. It is evaluated that it was selected as a consignment management company based on this expertise.
CEO Sung Sang-yong said, “This selection is a result of Myriad Partners’ investment and nurturing capabilities being recognized in the public sector,” and added, “We will continue to focus on supporting the growth of innovative early-stage companies in the bio and healthcare industries.”
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