- Established a foothold for entry into new industries and shared growth through cooperation between large enterprises and SMEs-

 

□ Busan INNOPOLIS (Director Seo Dong-Gyeong, hereinafter “Busan INNOPOLIS”) of the Korea Innovation Foundation announced that it held “BUSAN Pre-Innovation Day” in Busan Eurasia Platform on the 19th to support win-win growth and investment attraction for innovative startups through collaboration between large enterprises and startups.

 

 ㅇ At the event, 21 science and technology-based startups and large corporations interested in collaborating with startups, such as LG Electronics, POSCO Technology Investment, and Lotte Ventures, had a chance to exchange with each other.

 

□ Each large enterprise introduced collaboration programs and examples of collaboration with affiliates in various fields, such as industry linkage, market development, investment, and joint research.

 

  * Cases of corporate venture capital (CVC) investment and collaboration with affiliates (Lotte), ▴How to participate in open innovation of large enterprise (LG Electronics), ▴VC-based startup investment (POSCO), etc.

 

 ㅇ Practical advice was also shared, such as “Things to consider before starting collaboration,” so that participating innovative startups can seek suitable opportunities for collaboration with large enterprises.

 

□ In addition, ten pre-selected companies, including ▴GenLife (bacteriophage sensor device) and ▴Drone Station (SH Robotics), introduced their products and services for actual investment linkage and got one-on-one consulting opportunities to review investments and receive feedback on growth strategies

 

□ Even after the event, Busan INNOPOLIS will continue to prepare open innovation and industry-academia-research networks that listens to the opinions of participating companies and investors, discovers excellent companies, and coexists with large, small and medium-sized startups.

 

□ Seo Dong-Gyeong, Director of the Busan INNOPOLIS, said, “Through this event, we hope to support the growth of innovative companies based on science and technology and to establish a self-sustaining cooperative ecosystem between companies through the spread of an open innovation culture.”