Gyeonggi-do Economic Science Promotion Agency held the ‘PanPan Day’ event on the 23rd at the Pangyo Techno Valley Startup Campus to revitalize the Pangyo startup ecosystem.
PanPan Day is a program promoted monthly by the agency for startups in Pangyo aiming to expand their business overseas, with the meaning of “holding a market in Pangyo.” A total of 12 sessions will be held through December this year.
Since March, the program has been held monthly inviting startups, domestic and international investment institutions, and large and small-to-medium enterprises located in Pangyo to conduct ▲incubation company presentations (IR pitching) ▲one-on-one investment consultations with venture capital (VC) and accelerators (AC) ▲special lectures for overseas market entry.
The 5th PanPan Day expanded the recruitment scale and held one-on-one investment consultations targeting startups, manufacturing, and platform companies through the G-Fund investment briefing session.
The G-Fund is an investment association established and operated by Gyeonggi Province and the agency to promote the growth of small and venture companies in the province, continuously discovering and investing in small and venture companies in areas such as materials, parts, equipment, re-challenge, and startups.
This year, a fund exceeding 150 billion KRW is being raised targeting small and venture companies in future growth fields such as AI, bio, semiconductors, startups, and carbon neutrality.
The briefing session was attended by small and venture companies in the province and G-Fund operators, providing investment explanations (investment plans for each G-Fund), investment consultations (one-on-one investor-startup consultations), and investment consulting (IR counseling and provision of standard forms for companies seeking investment).
The agency plans to further strengthen a multi-dimensional support system by organically linking various startup accelerating programs currently underway in Pangyo. Through this, it is expected to create synergy effects between accelerating programs and further activate the startup ecosystem.
Kang Seong-cheon, head of the agency, said, "We will do our best to revitalize the Pangyo startup ecosystem and support investment attraction centered on PanPan Day," adding, "We plan to continue various support projects for nurturing startups."
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