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According to Yonhap News,
On August 12, Jeonbuk State announced that it recruits investment partners for "Innovation Success Venture Fund" to revitalize the venture investment ecosystem in the bio field.
This fund aims to foster the high-tech bio industries including veterinary drugs and microbio, in which Jeonbuk State and Jeoneup-si will invest KRW 1 billion and KRW 2 billion, respectively.
The State will receive the investment proposal, and select priority investors for agreement on September 20 after going through 1st document screening and on-site inspection and 2nd evaluation on presentation.
More information about the announcement could be found on the Jeonbuk's website.
Deputy governor of the provincial government said, "Jeonbuk will take the lead in helping passionate and entrepreneurs with strong spirit".
doo@yna.co.kr
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Source: Yonhap News (August 12, 2024)
** This article was translated from Korean.