ITCEN GLOBAL said on the 31st that it signed a business agreement with Hoseo University's Industry-Academic Cooperation Foundation to promote venture startup investment.
Through this agreement, the two sides will establish a full life-cycle cooperation system from discovering innovative startups to evaluation, selection, and investment, and jointly carry out the entire acceleration process. They also plan to run support programs to boost startups' self-sufficiency, including open innovation, expert mentoring, and attracting follow-on investment, and to expand practical investment by forming and operating joint investment funds.
Based on this cooperation, ITCEN GLOBAL plans to expand startup support infrastructure, which is concentrated in the greater Seoul area, to regional hubs and strengthen the growth environment for region-based startups.
Hoseo University President Kang Il-gu said, "Our university has built a startup ecosystem with a venture-first spirit," and added, "Through cooperation with ITCEN GLOBAL, we will continue to support regional innovative ideas so they can grow into global businesses."
ITCEN GLOBAL Chairman Kang Jin-mo said, "We will expand the startup support ecosystem through cooperation with Hoseo University," and added, "We will build an environment in which innovative corporations can grow across various hubs, including regional areas."