Techstars, an investment business that provides capital access, mentorship, and customized programming for early-stage entrepreneurs, announces for the participation in Nextrise 2022. The exhibition hosted by Korea Development Bank (KDB) and Korea International Trade Association (KITA) encourages entrepreneurship across Korea. Nextrise 2022 will be held at COEX on June 16 and 17 with expected attendance of more than 3,000 companies.
Why is Techstars interested in Korea start-ups?
Techstars Director of Partnerships, Allison Nam said, “We have experienced several exceptionally talented and innovative startup teams in Korea through the 2020 Techstars Korea Accelerator and the Global Startup Academy. Our personalized programs give startups the advantage they need to succeed in a growing Asian start-up ecosystem like Korea.”
With over 70% of the world’s largest corporate brands concentrated in Seoul, coupled with Korea being ranked first in the proportion of population who attained tertiary education in the age 25–34 group, among OECD countries, the country has highly qualified talent.
What can you expect at Nextrise 2022?
The fourth annual Nextrise 2022 is the largest start-up exhibition in Korea promoting global business by connecting domestic and foreign startups and investors to further develop the innovation ecosystem. Senior leaders from across Techstars will be in attendance and meeting with local officials, corporate partners and startups throughout their visit to Seoul.
- Katie Smith, Vice President of Techstars Ecosystem Development
- Brett Brohl, Managing Director, who led a joint innovation accelerator for global corporations like Cargill and Ecolab
- Allsion Nam, Director, who oversees the APAC Partnerships
- Oko Davaasuren, Senior Director for the Techstars’ APAC region
As one of the largest global investors in early stage startups based in the US, Techstars discovers and supports promising startups by helping them scale into global businesses. Techstars has invested in over 3,000 startups to-date while continuing to expand globally and has a combined market capitalization of these companies amounting to about $140 billion.
Techstars will continue to support Korean startups in 2022 and further expand engagement with the South Korea start-up ecosystem to help more founders succeed.