Shinyong Bojeung Gigeum to Provide Financial and Non-Financial Support to Promising Startups

Recruiting Companies Interested in Participating in the 10th Batch of 'Startup Nest'

[Asia Economy Reporter Song Seung-seop] The Korea Credit Guarantee Fund announced on the 2nd that it is recruiting companies wishing to participate in the 10th batch of ‘Startup Nest’.

The recruitment target is startups within 3 years of establishment (including prospective entrepreneurs) engaged in innovative growth fields related to the 4th Industrial Revolution. A total of 82 promising startups will be selected from four categories, including the Social Venture Track and the Fintech Special Track. The application period is until the 18th, and a systematic nurturing program is planned to be conducted from next month until the end of the year.

Startup Nest is a self-operated nurturing platform run by the Korea Credit Guarantee Fund. It supports step-by-step growth together with 10 domestic private accelerators.

Selected companies will be provided with one-stop financial support such as guarantees and investments, as well as non-financial services like overseas expansion and startup spaces. In addition, the ‘YouConnect’ demo day, the Fund’s investment attraction platform, is held regularly both online and offline to support investment attraction from over 100 partner investors. Customized services tailored to growth stages and company characteristics will also be supported in connection with KOTRA, the Creative Economy Innovation Center, large corporations, and others.

A representative from the Korea Credit Guarantee Fund emphasized, “Startup Nest has currently discovered 780 promising startups and supported KRW 192.9 billion in credit guarantees and KRW 15.6 billion in direct investments. We will continue to help excellent early-stage startups leap onto a full growth trajectory.”