The Gyeonggi Center for Creative Economy and Innovation (hereinafter referred to as the “Gyeonggi Innovation Center”) and Venture Square Co., Ltd. announced on the 17th that they have formed the 2nd VS Gyeonggi Innovation Investment Association Fund, a mother fund worth 6.74 billion won aimed at commercializing public technology.
This fund was formed with the participation of various investors such as mother funds, universities, local governments, and senior venture companies, and mainly targets new and early investments in deep-tech startups with high growth potential such as artificial intelligence, system semiconductors, and energy. Through this fund, the two companies plan to promote value-up through TIPS recommendations, open innovation in connection with large and medium-sized companies, and global programs.
In addition, we will work with top experts from industry, academia, and research to discover promising companies so that public technology can create real value, and provide pre-startup cycle programs and customized acceleration programs.
As a global strategic hub of the Ministry of SMEs and Startups, the Gyeonggi Innovation Center will utilize its accumulated overseas investor network to support joint investment in early-stage global startups and follow-up overseas investment for startups that have advanced overseas. In addition, through the ‘Global Club Deal’ program, the Gyeonggi Innovation Center and overseas VCs are supporting domestic commercialization and global expansion for startups in which the center and overseas VCs have jointly invested.
A senior venture company official who participated as an investor said, “This fund will be of great help in commercializing public technology and supporting early-stage companies,” and “It will be an important opportunity for future entrepreneurs and technology companies.”
The Gyeonggi Innovation Center operates open innovation programs with various large and medium-sized companies, including collaborations with KT, and supports the verification of startups’ technological capabilities and products/services, and connects them with SI investments. In addition, it has strengths in attracting and collaborating with excellent companies through the Gyeonggi Semiconductor Innovation Network and the Deep Tech Startup Discovery Team.
Venture Square is a startup media and accelerator that invests in various fields such as artificial intelligence, materials, parts, equipment, and content, and provides support from seed to pre-A stages. Major investment companies include Featuring and Samjwimsam.
This fund aims to create startups and commercialize technologies using public technology, and is expected to continuously produce results through innovative investment strategies and cooperation in the future.
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