Kibo and Seoul Business Agency Join Hands to Support Startup Companies

Business Agreement Signed to Discover and Foster Outstanding Technology Startups in the Region

The Korea Technology Finance Corporation announced on the 13th that it has signed a 'Business Agreement to Activate Support for Startup Companies' with the Seoul Business Agency (SBA).

This agreement was established to build a mutually organic cooperation system between the two organizations to discover startup companies with excellent technological capabilities and growth potential, and to foster region-based innovative technology companies by linking small and medium-sized enterprise support programs.

Jung Gyu-yeol, Head of the Seoul Western Regional Headquarters (left), and Lee Tae-hoon, Head of the SBA Industrial Hub Headquarters, are taking a commemorative photo after signing a business agreement. Photo by Gibo

According to the agreement, SBA will discover and recommend outstanding technology startup companies in the region, and Korea Technology Finance Corporation plans to provide customized programs for the recommended SMEs, including ▲technology finance and guarantee fee reductions ▲investment linkage and certification evaluation ▲technology transfer and technology protection.

Additionally, the two organizations will activate information exchange on regional technology startup companies and innovative technology companies to create synergy, and expand cooperation to strengthen the research capabilities of outstanding startup companies in the region. Based on this, they agreed to join forces to create a technology-based innovation growth ecosystem.

Jung Kyu-yeol, head of the Seoul Western Regional Headquarters of Korea Technology Finance Corporation, said, “Korea Technology Finance Corporation actively supports technological innovation and scale-up of startup companies through customized programs tailored to the growth stages of SMEs and venture companies,” adding, “We will continue to expand collaboration with related organizations to promote the startup and innovative growth of excellent technology companies, contributing to revitalizing the regional economy and restoring vitality to the livelihood economy.”