Ministry of SMEs and Startups, Daegu City, and Gyeongsangbuk-do Collaborate to Discover and Nurture Potential Investors in the Region
The Ministry of SMEs and Startups announced on the 27th that it has opened the ‘Daegyeong Region Angel Investment Hub’ in Gyeongsan, Gyeongbuk, and has begun full-scale operations. This is the fourth regional angel investment hub nationwide.
Although the quantitative scale of angel investment has increased so far, the concentration in the Seoul metropolitan area continues. The metropolitan area’s share was 73.8% in 2020, 77.4% in 2021, 76.2% in 2022, and 73.7% last year.
Accordingly, the Ministry of SMEs and Startups is building regional angel investment hubs in metropolitan areas nationwide to resolve the metropolitan area concentration of angel investment by utilizing the infrastructure and capabilities of the private and public sectors, and to create an early-stage investment ecosystem at the regional level. Starting with the Chungcheong region and Honam region in 2021, the Dongnam region hub was established last year.
The Daegyeong Region Angel Investment Hub is being promoted through cooperation between the Ministry of SMEs and Startups, Daegu City, and Gyeongsangbuk-do to create a startup and investment ecosystem environment tailored to the characteristics of the Daegu and Gyeongbuk areas.
It plans to discover and nurture potential investors within the region, and provide coaching on investment plan preparation and investor relations (IR) presentations, as well as investment consultations for startups seeking investment. In addition, it will offer various networking opportunities such as IR and meetups so that startups and investors can meet regularly, and operate information exchange programs between the metropolitan area and local regions, including attracting promising metropolitan forums and supporting follow-up investments.
On the 20th, Minister Oh Young-joo of the Ministry of SMEs and Startups mentioned at a public discussion forum, “To revitalize venture investment, we will create a Gyeongbuk-Jeonnam joint regional innovation venture fund and intensively support innovative startups by opening the Daegyeong Region Angel Investment Hub within Yeungnam University.”
Im Jeong-wook, Director of the Startup Venture Innovation Office at the Ministry of SMEs and Startups, said, “We hope that the Daegyeong Region Angel Investment Hub, which is starting vigorously today, along with local governments and regional SME offices, will establish a self-sustaining investment infrastructure in the Daegu and Gyeongbuk areas and produce many angel investors. The government will also do its best to revitalize regional startups through early-stage investment.”
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