The Ministry of SMEs and Startups said on the 21st that it held a launch event for the "Global K-Founders Network" in New Delhi with local Korean entrepreneurs and moved to expand cooperation in overseas startup ecosystems.
The Global K-Founders Network is an international cooperation initiative launched for the first time this year to connect Korean entrepreneurs and investors active around the world. The Ministry of SMEs and Startups (MSS) selected India, with its vast domestic market and abundant tech talent, as the first base.
The Ministry of SMEs and Startups (MSS) plans to expand the network to major regions, including the United States, Europe, and Southeast Asia, starting with the India launch, to build a foundation for cooperation among entrepreneurs advancing overseas.
No Yong-seok, the Ministry of SMEs and Startups (MSS) Vice Minister, listened to difficulties such as permits and market access from corporations operating locally at a roundtable held at the Global Business Center (GBC) in New Delhi that day. No said, "We will reflect on-site feedback in policy to strengthen support for companies expanding overseas."
The Ministry of SMEs and Startups (MSS) then visited the Indian Institute of Technology Delhi (IIT Delhi) to discuss measures for cooperation in a university-based startup ecosystem. The visit is part of policy efforts to expand startup cooperation with major global universities.
At the meeting, the two sides discussed expanding exchanges between startups from both countries and measures for cooperation in technology startups, and to lay the groundwork for implementation, a memorandum of understanding was signed between the Korea Institute of Startup and Entrepreneurship Development (KISED) and FITT under IIT Delhi.
Vice Minister No said, "Starting with India, we will build the Global K-Founders Network in major countries to strengthen support for entrepreneurs expanding overseas."