According to Pulse by Maeil Business News Korea,
Israeli venture capital firm Yozma Group said on Wednesday it has opened a startup incubating base `Gyeongbuk Yozma Campus` at Gyeongbuk Technopark in the southeast of South Korea, readying itself to discover promising Korean startups and support their advance into overseas markets.
Gyeongbuk Technopark is the country’s first regional research cluster that has attracted the Yozma campus.
Yozma is an Israeli venture capital with a focus on early-stage startups and pre-IPO companies. Founded in 1993, Yozma has invested in more than 20 companies that were groomed to go public on the NASDAQ or become chased and acquired by global companies. It set up a local entity in Korea in 2015.
Gyeongbuk Yozma Campus will focus on biotech, electronics, and functional textile areas for its investment. Target companies with high growth potential will receive business training and consulting for further growth and advances into overseas markets through Yozma’s global network.
"We will provide a full cycle of assistance from business foundation to global expansion plus investments from Yozuma Capital for high potential companies," said Yigal Erlich, founder and chairman of The Yozma Group, who attended the inauguration ceremony.
“We will continue efforts to help drive the growth of small firms and startups in the region in collaboration with The Yozma Group,” said an official at the Gyeongbuk Provincial Government.
By Woo Sung-deok and Minu Kim
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Source: Pulse by Maeil Business News Korea (Apr. 12, 2018)