• Sat. Mar 11th, 2023

Seoul Startup Hub, run by the Seoul Business Agency

Bywiret

Aug 26, 2022

Seoul Startup Hub, run by the Seoul Business Agency (SBA, CEO Kim Hyun-woo), a small and medium-sized enterprise support organization that makes the competitiveness of small and medium-sized enterprises and startups in Seoul, will hold the first “Seoul Startup Hub Gongdeok Hub Hour Week” for five days from the 29th.

The first Seoul Startup Hub Gongdeok Herb Hour Week (Investment IR) was designed to enhance the possibility of attracting investment and promote in-depth investment reviews, including support for growth of promising startups in Seoul through a 1:1 investment review meeting between investors and startups.

The event, which will be held for a week from Aug. 29 to Sept. 2, will involve about 30 Seoul Startup Hub startups selected by investors themselves to hold a 1:1 tutor attraction meeting with investors suitable for corporate characteristics.

The total consultation time is 40 minutes per company (10 minutes of introduction, 30 minutes of consultation). Matching counseling will be conducted in accordance with the intensive counseling group for each investor, and efficient investment counseling will be conducted using practical information such as shareholder composition, profit model, and investment attraction period.

A total of five companies, including ▲ Spark Lab, ▲ Hanyang University’s technology holding company, ▲ Daesung Startup Investment Co., Ltd., ▲ Korea Investment Accelerator, and ▲ Next Magazine Investment, will participate in the investment review in cooperation with Seoul Startup Hub.

First, on the 29th, ▲ Spark Lab will hold a meeting with about six startups in the Seed stage, and on the 30th, it will hold a meeting with startups within three years of establishment or five years of representative attending or graduating from a university or graduate school.

In addition, on the 31st, ▲ Daesung Start-up Investment will have a meeting with companies with Pre-A Series or higher, and on the 4th day, ▲ Korea Investment Accelerator will have a meeting with companies that are considering platforms, healthcare, small managers, or Southeast Asia and Japan.

On September 2, the last day, Next Magazine Investment will hold a meeting with metaverse-related companies.

Kim Jong-woo, head of the start-up division at the Seoul Business Agency, said, “As the base rate hike is gradually reducing the amount of venture capital fund investment, attracting startup investment is low. To help domestic startups overcome the crisis a little, we directly recruited investment institutions, he said. “We have prepared a place for promising companies of Seoul Startup Hub to receive investment counseling.” “I hope this opportunity will boost investment in domestic startups.”

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