The Ventures announced on the 12th that it will expand its ‘University Student Venture Scout Program’ globally and operate a ‘Global Venture Scout Program’ targeting overseas university students. This program aims to strengthen cooperation with the global startup ecosystem by providing the same systematic education and practical investment experience to overseas universities based on the experience and know-how of successful operation in Korea.
The Ventures will focus on building a global startup investment pipeline through excellent venture scouts selected from six world-class universities, including UC Berkeley and the University of Illinois Urbana-Champaign, and discovering deep tech startups with innovative technologies at an early stage. In particular, it will focus on startup teams in research labs with technological capabilities within universities to discover excellent technology-based startups from the early stages, and expand its global investment network to actively support the growth of competitive early-stage companies.
The Ventures has operated the 'College Student Venture Scout Program' for 7 times so far, and has been quickly and efficiently discovering college students and prospective entrepreneurs. The program, which has been completed by a total of 212 people, provides systematic education on venture capital (VC) and the startup ecosystem to college students, and provides an opportunity to learn about The Ventures' investment decision-making process and execution process. Participants have participated in the actual investment review process with The Ventures' reviewers, conducted 618 deal sourcing, and observed 53 secondary interviews, resulting in 8 investments.
The Ventures CEO Kim Chul-woo said, “The college student venture scout program has proven its effectiveness by discovering creative and innovative technology-based entrepreneurs at an early stage and producing visible results through actual investment execution.” He added, “The Ventures plans to expand and develop this program to create more investment opportunities on the global stage and, in particular, to discover excellent entrepreneurs in the deep tech field at an early stage to maximize the growth potential of early-stage companies.”
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