Incheon Innovation Mo Fund Expands Investment to Foreign Companies... Aiming to Raise 1 Trillion Won

Incheon City announced on the 10th that it plans to expand the investment scope of the Incheon Innovation Master Fund to include foreign-invested companies and establish a fund worth 1 trillion won by 2028.

The fund, named the 'Global Top Ten Master Fund,' will focus intensive investments on startups and small and medium-sized enterprises in the fields of bio, semiconductors, robotics, digital data, future cars, and aviation.

Incheon City Hall

The city plans to directly invest 50 billion won and induce an additional 50 billion won from domestic and foreign companies, creating a total of 100 billion won as a base to establish a fund worth 1 trillion won. Since 2021, the Incheon Innovation Master Fund has created Master Funds 1 to 3 in collaboration with economic organizations and universities, and last year, it established the 'Big Wave Master Fund' No. 1 with domestic companies.

In August, the city signed a business agreement with Freeman, a foreign-invested company, to each invest 15 billion won to create a fund exceeding 300 billion won for the establishment of the Global Top Ten Master Fund.

Based on partnerships with foreign-invested companies and utilizing a global network, the city plans to provide more investment opportunities to domestic and international investors and support the global expansion of Incheon companies through cooperation with local businesses.

An official from Incheon City stated, "Expanding the scope of fund investment will contribute not only to regional economic development but also to strengthening our global position," adding, "We will continue to seek innovative investment methods to revitalize the investment ecosystem so that Incheon companies with great potential can grow."