The Ministry of SMEs and Startups announced on July 24 that it will host the 'K-Founders Connect in Silicon Valley' event in Silicon Valley, USA, to promote exchanges among overseas Korean entrepreneurs and strengthen connections within the global startup ecosystem.
On this day, the ministry will officially unveil the 'Global Project for Everyone's Entrepreneurship,' aimed at supporting the entrepreneurial efforts of overseas Koreans and international students.
The ministry plans to select 80 prospective and current entrepreneurs from four regions: Silicon Valley, New York, Singapore, and India. These individuals will receive online and offline mentoring, tailored incubation, and support for startup activity expenses to nurture them into global entrepreneurs.
The mentoring team will include prominent Korean entrepreneurs such as Lee Jeong-hee, CEO of Primer USA; Oh Seon-ho, co-founder of Osteogen Tech; Kim Joo-yoon, CEO of Dot; and Lee Seung-hoon, CEO of Ringle, who will share their overseas startup experiences and expertise. Additionally, a launch ceremony for the 'K-Founders Fund' will be held, which aims to support the discovery and growth of junior entrepreneurs by senior entrepreneurs.
This fund, amounting to 100 billion won, is the first overseas Korean fund created through collaboration between successful senior entrepreneurs and investors abroad, facilitated by the government’s fund of funds.
On the same day, the ministry will also hold a meeting to gather feedback from venture startups operating in the U.S. and explore policy support measures, listening to the challenges faced on the ground and discussing inter-agency cooperation.
Meanwhile, the national entrepreneurship project, 'Everyone's Entrepreneurship,' is currently ongoing. The ministry has been conducting 'Founders Circle' events for participants in the 'Everyone's Entrepreneurship' project, starting from Busan on July 22.
Deputy Minister Noh Yong-seok stated, 'We will support citizens in boldly challenging entrepreneurship both domestically and abroad,' adding, 'We will create a virtuous cycle that connects the capital and experience of Korean entrepreneurs and investors to the challenges faced by entrepreneurs.'
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.