The Gyeonggi Center for Creative Economy and Innovation (CEO Won-kyung Kim, hereinafter referred to as the “Gyeonggi Innovation Center”) announced on July 29 that it signed a strategic memorandum of understanding (MOU) with Draper Startup House Korea (CEO Se-yong Lee, hereinafter referred to as “DSH Korea”) to strengthen support for global startups and the internationalization of the startup ecosystem.
Draper Startup House, a global network of entrepreneurs and investors founded by global venture capitalist Tim Draper, provides startup infrastructure, investment support, and entrepreneurship education. Established in Korea in 2024, DSH Korea serves as a hub to support Korean startups' overseas expansion and attract global investment.
Under this agreement, the two organizations plan to pursue key collaborative projects, including ▲supporting the global expansion and growth of startups ▲establishing a joint GP (Global Partner) global fund ▲attracting Draper University's Pangyo campus.
The Gyeonggi Innovation Center provides practical growth infrastructure, including technical and management consulting and office space, for startups. DSH Korea plans to expand opportunities for global market entry through its overseas network and investor connections. Specifically, it plans to systematically support startups in attracting international investment through a joint GP-style global fund.
The two organizations will also collaborate on attracting Draper University's Pangyo campus, a Silicon Valley-based institution. This initiative aims to introduce advanced entrepreneurship education programs and foster Pangyo as a hub for entrepreneurship education in Asia. The Gyeonggi Innovation Center will provide the educational infrastructure and policy foundation for the campus establishment, while DSH Korea will work with Draper University headquarters to facilitate the establishment process.
Kim Won-kyung, CEO of the Gyeonggi Innovation Center, said, “This agreement will provide practical opportunities for startups hoping to expand globally,” adding, “In particular, we will actively support Pangyo’s growth as a hub for entrepreneurship education in Asia by attracting the Draper University campus.”
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