The Jeju Center for Creative Economy and Innovation (Director Lee Byeong-seon, hereinafter referred to as the Jeju Center) announced on the 22nd that it will begin recruiting investment companies to discover and support promising startups with high growth potential in connection with Jeju’s strategic industries.
Jeju Center plans to carry out direct investments from the initial stages to series investments according to the growth stage of startups, and through this, systematically support the growth of companies, including market entry and expansion, and attracting follow-up investments.
After the investment, we provide various growth support programs such as ▲Pre-TIPS, TIPS, and LIPS linkage ▲Financial and legal expert consulting ▲Global expansion and connection with follow-up investors ▲Provision of office space and address registration.
The target of the recruitment is a startup with market competitiveness based on technology and business viability, or a company that is pursuing entry into the global market. Applications can be submitted through the Jeju Center official website until 5:00 PM on Friday, July 25, and the final investment contract is expected to be signed in September.
Jeju Center has invested a total of 5.26 billion won in 46 companies so far. Among them, 11 companies were selected for TIPS, a technology startup investment program of the Ministry of SMEs and Startups, through Jeju Center’s recommendation, and 3 companies were selected for LIPS, a loan-linked program.
A Jeju Center official said, “We are helping promising startups grow steadily through the center’s direct investment and follow-up support programs,” and “We hope to see a lot of interest and participation from startups hoping to attract investment in the second half of this year.”
- See more related articles
You must be logged in to post a comment.