The Korea Small and Medium Enterprises Agency announced on the 9th that it hosted an investment attraction consultation event called 'New York Tech Demo Day' at the PENN1 Tower in Manhattan, New York.
According to KOSME, the event took place on the 6th (local time) as part of the 'K-Tech U.S. Investment Attraction Program' operated by KOSME's New York Global Business Center (GBC). It was designed to connect domestic small and medium enterprises with local investors in the U.S., increasing investment attraction opportunities and reviewing international expansion strategies amid a rapidly changing global trade environment.
In response to the rising entry barriers in advanced fields such as artificial intelligence (AI), bio, and healthcare, the event was structured to include presentations on IR from 10 tech-based small and medium enterprises preparing for entry into the U.S. market, one-on-one consultations with local investors, and networking.
Attending the event were over 100 officials from international venture capital (VC) firms, including Third Prime, SOSV, New York Ventures, Deutsche Bank venture capitalists, as well as representatives from the New York City Economic Development Corporation (NYCEDC) and the New York State Economic Development Agency (ESD).
Lee Hye-yeon, CEO of Marananotech and a participant in the event, said, 'The potential for entering the U.S. market has increased significantly based on this networking.'
Lee Byung-cheol, deputy director of KOSME, noted, 'This event will serve as a stepping stone for the international expansion of promising domestic small and medium enterprises and for attracting local investment in the U.S.' He added, 'We will continue to strengthen our connections with leading overseas VCs and financial and industrial institutions to effectively support domestic corporations in adapting to foreign investment environments and growing.'
The New York Global Business Center is located on the 14th floor of the PENN1 building near Penn Station, a transportation hub in Manhattan. Currently, 22 domestic small and medium enterprises are based there. It offers independent office spaces and open shared offices, as well as tailored specialized services that meet the needs of North American market entry, such as finance, investment, and localization.