Thu. Mar 16th, 2023

The Ministry of SMEs and Startups announced on the 20th that it will hold the “Korea-US Startup Summit” at Pier 17 in New York with the Korea Venture Investment Agency.

According to the Ministry of SMEs and Startups, the “Korea-U.S. Startup Summit” is a task to “build a global network and expand overseas bases” among the “K Startup Global Entry Strategy” announced by the Ministry of SMEs and Startups on the 8th.

The Korea-U.S. Startup Summit, which will be held for two days until the 21st, is significant in that it has prepared various networking opportunities between global companies, investors, startups in the U.S. and Korean conglomerates and startups in New York (Silicon Alley), where the startup ecosystem and IT industry are developed.

Through this, members of the start-up ecosystem of the two countries can be connected to each other and grow together, and K start-ups can be expected to go global.

More than 200 people, including South Korean and U.S. conglomerates, U.S. venture capital (VC), accelerators (AC), and South Korean and U.S. startups, will participate in the event.

A total of 10 programs, including a two-day main event, will be operated at the venue, with a joint exhibition hall of 15 startups with three large companies: Google, Hyundai Motor, and Naver Cloud.

Through the joint hall of large companies and startups, it will introduce excellent technologies and items of startups to the U.S. startup ecosystem, and introduce successful cooperation models of global conglomerates and startups.

The program of the “Korea-US Startup Summit” consists of three main programs.

The first is a program with a global conglomerate.

On this day, we will introduce cooperation models between Korean and U.S. conglomerates (Google, AWS, Hyundai Motor, and Naver Cloud) and announce items of Korean startups that participated.

On the 21st, Minister of SMEs and Startups Lee Young, Vice Chairman of Google Karan Bhatia, Senior Vice President of Oracle Dave Rosenberg, Naver Cloud CEO Park Won-ki, and Hyundai Motor President Gong Young-woon will hold a meeting under the theme of “Key Technologies and Startups in the Digital Age.”

A joint fostering ceremony is also scheduled to pledge that global companies and Korean startups will work together to move forward.

Second, it conducts a program to attract startup investment.

On the 21st, 10 Korean startups will conduct investment attraction IR for U.S. VCs. In the afternoon of the day, a ceremony will also be held to create a joint fund between Korea’s parent fund and US venture capital.

The third is a networking program between Korea and the U.S. startup ecosystem.

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