Seoul National University Technology Holdings and Series Ventures were finally selected as the operators of the regional league accelerator (AC) sector of the 'Busan Future Growth Venture Fund 2024' in the form of a joint management (Co-GP). The two organizations will hold the inaugural general meeting of the 'Busan Regional Innovation TVS Investment Association No. 1' at the Busan KDB Industrial Bank on the afternoon of the 28th, and plan to fully engage in fostering Busan regional startups and venture companies through this fund.
This selection is significant as it is part of the 'Busan Future Growth Venture Fund 2024' investment project promoted by Busan Metropolitan City and Korea Venture Investment (KVIC) to promote regional venture investment, and the fund was created using the 'Busan Future Growth Venture Fund', a mother fund formed by the Ministry of SMEs and Startups, Busan Metropolitan City, KDB Industrial Bank, and BNK Financial Group.
Seoul National University Technology Holdings is a technology holding company that leads the commercialization of university research results, and specializes in supporting the growth of technology-based startups. Since its establishment in 2008, it has raised 14 funds and is currently managing approximately KRW 120 billion. Series Ventures is a representative accelerator based in the Southeast region, and is showing strength in discovering and investing in early-stage startups. This collaboration is expected to establish an investment structure that will allow innovative technology companies and university technology-based startups in the Busan area to grow simultaneously.
An official from Seoul National University Technology Holdings said, “We will not spare support for technology startups and commercialization of research results so that the technology possessed by the university can lead to actual industrial value,” and “Through this fund, we plan to contribute to the growth of Busan as a technology-based startup hub.”
A Series Ventures official said, “This fund will go beyond simple investment support and play an important role in elevating the Busan region’s startup ecosystem to a global level,” adding, “We will actively support the discovery of promising companies and continue to provide follow-up investment.”
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