Gwanak-gu Partners with Seoul National University Technology Holdings to Nurture the Next Generation of Unicorns

Joint Investment and Global Expansion Support
Gwanak Small and Medium Venture Promotion Agency and Seoul National University Technology Holdings Forge Strategic Partnership to Discover Promising Startups

Gwanak-gu in Seoul (Mayor Park Junhee) announced on the 28th that the Gwanak Small and Medium Venture Promotion Agency, the first of its kind among autonomous districts, has established a strategic partnership with Seoul National University Technology Holdings (CEO Mok Seunghwan) to discover promising startups and expand investment.

Seoul National University Technology Holdings, founded in 2008, is a technology-based startup investment institution that has supported the establishment and growth of various companies by leveraging the university's technology and human resources.

Park Junhee, Mayor of Gwanak District (third from right), and Kim Junhak, Director of Gwanak Small and Medium Venture Promotion Agency (second from right), who participated in the inauguration ceremony of the Gwanak Small and Medium Venture Promotion Agency last July. Provided by Gwanak District.

At a business agreement ceremony held on the 26th, Gwanak-gu and Seoul National University Technology Holdings agreed on specific cooperation measures, including the joint discovery and early-stage investment in promising startups, technology consulting, support for global expansion, attracting investment, and enhancing corporate value. With this agreement, joint investment and customized corporate support will be fully launched, providing momentum for nurturing the next generation of unicorn companies.

The district especially expects this collaboration to provide practical solutions for startups with outstanding technology that face difficulties in the commercialization process. It is anticipated to serve as a "bridge" to close the gap between technological capability and marketability, thereby supporting the stable growth of startups.

Mok Seunghwan, CEO of Seoul National University Technology Holdings, said, "The synergy of both organizations' capabilities will strengthen the Gwanak startup ecosystem and contribute to discovering innovative companies that will lead the future."

Meanwhile, the Gwanak Small and Medium Venture Promotion Agency, launched in July this year, is working in conjunction with Gwanak S Valley to expand the startup ecosystem by establishing a customized support system for each stage of the startup lifecycle, including technology consulting, open innovation, global expansion support, and fund creation.

Park Junhee, Mayor of Gwanak-gu, said, "Through this agreement, the public sector capabilities of the Gwanak Small and Medium Venture Promotion Agency will be combined with the investment expertise of Seoul National University Technology Holdings, creating synergy to produce unicorn companies and help Gwanak leap forward as a city that is ideal for startups."

This content was produced with the assistance of AI translation services.