Lotte Ventures announced that it has started recruiting startups for its representative accelerating program, 'L-CAMP' 13th batch, 'Busan 7th batch', and 'Future Food 5th batch'.
L-CAMP is a representative domestic accelerator program that is directly discovered and fostered by Lotte Ventures’ investment reviewers. It invests in promising startups and provides opportunities for collaboration with Lotte Group affiliates, thereby realizing social value that leads to mutually beneficial cooperation. Starting with the first term in 2016, it has supported and grown 194 promising startups over 12 terms.
This 13th Elcamp and Busan 7th will select startups that are in line with the vision of Lotte Group, and the companies that are finally selected will be provided with various benefits, such as: △direct investment by Lotte Ventures (investment decision made after review), △open innovation opportunities with Lotte affiliates, △office hour program, △credit and voucher support (AWS, Naver Cloud, press releases, accounting and legal consulting), etc.
Meanwhile, the Future Diet is an open innovation program for food tech startups, and the Ministry of Agriculture, Food and Rural Affairs, the Korea Agricultural Technology Promotion Agency, and Lotte Group's food and distribution affiliates are participating to provide PoC opportunities. Companies participating in the Future Diet can receive an additional 10 million won in PoC support funds per company in addition to the benefits provided by El Camp. In addition, excellent companies in the interim inspection will be supported with up to 100 million won in funds from the Ministry of SMEs and Startups and the Startup and Entrepreneurship Promotion Agency's '2025 Public-Private Cooperation Open Innovation R&D'.
In the previous Future Diet 4th period, bio health tech company 'Biocom' conducted a PoC with Lotte Group and produced a successful business cooperation case, and Lotte Ventures even executed a Pre-A investment.
A Lotte Ventures official said, “We will support sustainable growth through the necessary resources and systematic nurturing process so that the companies selected through the 13th Elcamp, 7th Busan, and 5th Mirae Food can discover innovative ideas and technologies.” He continued, “We will hold a demo day in November to review follow-up investments for excellent companies, and we will continue to discover startups that challenge their limits through innovation.”
This year, Accelerator ACND plans to provide close support from recruitment to operation. Applications for participation can be made through the Lotte Ventures website , and applications and business plans can be submitted online by 24:00 on March 16.
The selected companies will participate in the full-scale accelerating program starting in May after the announcement of the results of the first document screening in March and the presentation evaluation.
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