DAEGU < invest Korea

According to Yonhap News,

(DAEGU=Yonhap News) Daegu Center for Creative Economy & Innovation welcomed startups joining the 8th Creative Laboratory (C-LAB), a startup accelerating program on February 13.

13 startups will participate in 10-month regular program, and can attract "Enlight's 2nd CD Fund" additionally up to KRW 400 million after review on growth potential and business performance.

The startups also established a mentoring relationship with working-level officials from Samsung Electronics, who will provide help, in the form of talent donation, in resolving startup's technical issues and problems.

The startups completed a two-month pre-requisite course including negotiations on initial investment of KRW 100 million and moved in to CCEI's 3th-4th floor.

CCEI Daegu selected those startups among about 300 teams applied for the public contest in August-October last year and plans to have 20 teams in total move in, adding several teams taking consideration of recommendations by venture capital.

A CCEI official said "to promote C-LAB participating companies grow as innovative startups, our center will think and provide support in company's perspectives".


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Source Text

** This article was translated from Korean.

Source: Yonhap News (February 13, 2019)