Brussels/Vienna - On March 3-4, 2016 we visited our friends and partners from the Korea Research & Innovation Center (KIC-Europe) in Brussels.
The reason: the launch of the Startup Autobahn Program
KIC-Europe has the task to to strengthen the cooperation between European and Korean startup ecosystems and to channel the deal-flow of the Korean CCEIs (Centres for Creative Economy & Innovation) by connecting them with European early stage investors, business angels, VCs, and accelerators.
The Startup Autobahn Program’s mission is to create the next generation of Korean tech success stories. From business validation to the internationalisation phase, Startup Autobahn will help Korean companies develop and scale up their ideas and businesses, advancing a truly pan-European softlanding program.
The two-day event was the first of its kind in KIC-Europe and we had the pleasure to participate together with selected investors and experts from leading european organisations like the EBAN, EBN, Oxygen Accelerator, Startupbootcamp Barcelona, Connector and more. We will provide growth development and promotion of innovative technologies exhibited by the Korean startups.
20 young Korean entrepreneurs presented exceptional pitches and innovative technological ideas during the online pitching sessions. We have the pleasure to support the promotion of their innovative technologies and setting up a runway for entrepreneurs to start and scale up their businesses in Europe and grow internationally. The Segments Accelerator will match Korea’s most creative, innovative and ambitious startups with corporate partners, early stage investors and benchmark our initiatives with your networks.
Further calls to attract the most innovative Korean companies and European startup experts will be launched in the coming months. Help us match Korea’s most creative, innovative and ambitious startups with corporate partners, early stage investors and benchmark our initiatives with your networks.
Some background: The Republic of South Korea’s economy counts as one of the most innovative economies in the world. In fact, a recent study showed that they are the most innovative country in the world. This is not a big surprise. The South Korean government invested significant amounts in order to become a regional tech startup hub. 8 trillion won will be spent in forms of direct investments, while it will loan 49 trillion won and stand surety for 23 trillion won. The ministry will continue its Center of Creative Economy and Innovation (CCEI) program, which runs startup incubators with support of local conglomerates to foster local talent. Home to Samsung, LG and Hyundai, the country has been on a path pivoting from big industry and manufacturing to transformative technology. As a new Silicon Valley is on the rise in South Korea, the need for expansion and international representation is today’s top propriety.