About 20 companies are applying for the startup demo day 'Day 5', co-hosted by Deep Stone Investment and Tereo, scheduled to be held on May 28, and fierce competition is expected.
Day Five is a Demo Day-based program that discovers promising startups that have been established for less than five years and supports rapid growth through early investment. This program, which began for the first time this year, aims to provide opportunities for investment attraction and capacity building for startups that have been established for less than five years, and is scheduled to be held twice a year.
Up to 10 companies selected through document evaluation and interviews will be given the opportunity to pitch to investors on the day of Day Five, and three of these companies will be provided with follow-up support and one company will be provided with investment review, showing that there has been a lot of interest from promising startups.
Expectations for this year’s Day Five are rising as promising early-stage startups from various industries, from smart farming and green bio to fashion, beauty, and sports tech companies, are gathering. The companies that applied are startups in the Seed to Series A stages, and are companies with high potential for early growth.
Deep Stone Investment, which mainly focuses on venture and startup scale-up and investment, is currently seeing a gradual recovery in the domestic venture investment market, but the early-stage venture investment market is still in the midst of a cold spell. Therefore, through this Demo Day, it plans to select excellent early-stage companies and invest directly in them. In particular, after the investment, it plans to actively support the scale-up of early-stage companies through Deep Stone Investment’s nurturing program, D-Curve.
Lim Byeong-eul, CEO of Deep Stone Investment, said, “Day Five is a door of opportunity for early-stage startups to grow rapidly,” and added, “We will maximize the value of startups not only through investment but also through continuous acceleration.”
The industry's attention is focused on this year's Day Five, which is expected to inject new vitality into the startup ecosystem.
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