Gyeongnam Province claims to be a ‘bridge’ for attracting investment from start-ups

One-on-one consultation with local investors

Gyeongnam Province held the ‘Gyeongnam Startup Investment Attraction Matching Day (Connection Day)’ event at the Gyeongnam Creative Economy Innovation Center on the afternoon of the 4th to help attract investment to start-up companies in the province.

‘Investment Attraction Matching Day’ is a support project conducted for the first time in Gyeongsangnam-do this year. This is an opportunity for startups within the province (within the past 7 years) to explain their business activities and various information to investors in order to attract funds. Fifteen people attended the event, including Park Jong-won, Deputy Governor of Gyeongnam Province, Lee Dong-hyeong, head of the Gyeongnam Creative Economy Innovation Center, representatives of start-up companies hoping to attract investment, and investors active in the province.

The companies that participated in the event were △Seowoo Co., Ltd., which manufactures aircraft parts, △AG Robotics Co., Ltd., which develops AI (artificial intelligence)-based agricultural work support robots, △Muesli Co., Ltd., which develops real-time music playback software, △ICT (Information and Communication Technology) ), ACEP, which builds a constant monitoring system for emergency generators, and Share&Service Co., Ltd., which develops portable respiratory rehabilitation medical devices. Seven investment companies participated, including Gyeongnam Venture Investment, Series Ventures, MY Social Company, Enlight Ventures, Lighthouse Combine Investment, Zephyrus Lab, and K Ground Ventures.”

▲ Gyeongnam Province is holding the ‘Gyeongnam Startup Investment Attraction Matching Day (Connection Day)’ event at the Gyeongnam Creative Economy Innovation Center on the afternoon of the 4th to help attract investment to start-up companies in the province. /Gyeongnam-do

“The event on this day was held in the order of a corporate briefing session and one-on-one consultation between companies and investors, after discussing all measures to support start-ups and investors.

Deputy Governor Park said, “We planned the Matching Day event to resolve the difficulties that local companies had to face in seeking investors in the metropolitan area to attract investment.” He continued, “Startup activities in the region still face many difficulties compared to the metropolitan area. Therefore, the province will not spare any support to create a startup ecosystem,” he said.

The province plans to continue holding events so that local start-ups can meet investors and conduct investment attraction activities in Gyeongnam without having to go to the metropolitan area.

In relation to this, the province attracted a mother-of-funds fund last year to create two investment funds worth a total of 25 billion won, and has invested 5.1 billion won in 11 provincial companies to date.

This year, we plan to create a ‘Southeast Area Green New Deal Fund’ worth 22 billion won and a ‘Public Technology Commercialization Fund’ worth 30 billion won. Four funds have also applied for the second regular investment project of the Korea Fund of Funds, and two funds are awaiting the final review.

source :경남도, 창업 기업 투자유치 ‘가교‘ 자처 < 행정 < 자치 < 기사본문 – 경남도민일보 (idomin.com)