Investment Briefing Session for Metaverse Companies' 'Growth Ladder' to Be Held

2023 Metaverse Venture and Startup Investment Briefing
8 Metaverse Companies and 11 Venture Capital Firms Participated
"Hoping to Leap into Global Companies"

The Ministry of Science and ICT announced on the 30th that the "2023 Metaverse Venture and Startup Investment Briefing" will be held on the 31st at Nurikum Square in Mapo-gu, Seoul.

This event aims to provide a meeting place between ventures and startups with excellent technological capabilities but difficulties in attracting investment, and venture capital firms (VCs). Participating companies will have opportunities for corporate and product/service promotion, investment attraction, and corporate promotion strategy consultations, while venture capital firms will be provided with information on promising metaverse-related companies. The participating companies are mainly composed of eight metaverse companies with high growth potential, including winners of the 2023 CES Innovation Awards. Eleven VCs, including Smilegate Investment, will participate.

Prior to the investment briefing, a meeting between participating companies and venture capital firms will be held to listen to the difficulties faced by domestic metaverse ventures and startups in attracting investment. Recent venture investment trends and investment attraction strategies will also be shared. During the "Networking between Venture Capital Firms and Participating Companies," one-on-one consultations will be encouraged to lead to investment agreements, and the time will be arranged so that participating companies can receive practical help in strengthening their business operations, promotion, and investment attraction capabilities.

Oh Yong-su, Director of Software Policy at the Ministry of Science and ICT, stated, "Although the potential of small and venture companies in Korea's metaverse sector is high, the private venture investment market is currently constricted due to the worsening domestic and international economic situation, making government seed funding more necessary than ever." He added, "We hope that participating companies will become growth ladders and leap forward as global companies leading the early-stage metaverse market."