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KOTRA opened a Pitching Lounge

To provide startups and SMEs with a venue for pitching and meeting
Four domestic startups were pitching in the occasion of the opening ceremony

KOTRA opened a Pitching Lounge in which startups and SMEs can pitch to or brief domestic and foreign investors. At the opening ceremony, there were about 30 attendees including the associations of foreign companies in Korea, domestic and foreign investors, and officials from startups.

KOTRA prepared this Pitching Lounge to support startups and SMEs in free communication and connection with domestic and foreign investors, vital for their global expansion, at Invest Korea Plaza (IKP), an incubating facility exclusive for foreign investors, the first of its kind in Korea.

* Inquiries and application shall be directed to: KOTRA Investment Strategy Team (Email: ikp@kotra.or.kr, ☎ 02-3497-1005)

KOTRA Pitching Lounge is about 184 sq.meters, consists of a main pitching room and three meeting rooms. The main pitching room is about 70 sq. meters, equipped with 30 seats, an 86-inch wide display, and a 150-inch electric roll-up projection screen. With a 43-inch monitor placed on the other side, a presenter is able to face the audience. At the meeting rooms, a virtual meeting system is in place, allowing for a meeting with investors abroad in real-time.

The Pitching Lounge will be available for not only a real pitching, but also for practice, and Investor Relations (IR) of local governments and others. The Lounge will be playing a role of infrastructure for domestic companies to attract foreign investment and enter global markets, in such ways as connecting with Invest Korea Market Place (IKMP) services.

* Invest Korea Market Place (IKMP): For the growth of Korean companies' business home and abroad, preemptively identify and support projects that hope to attract investment from global investors.

Along with the opening ceremony, four companies selected by IKMP pitched to investors. △ JS Mechanic, a manufacture specialized in slewing ring bearings, aspiring to be a construction and machinery part provider △ SuPine Therapeutics, developing a medicine that induces regeneration of spinal nerve△ Grip that is specialized in building smart home, smart campus and smart building utilizing Internet of Things △ FiveGT specialized in facial recognition technology capable of discerning the faces of twins within 0.5 seconds.

President Kwon Pyung-oh of KOTRA said "we hope Korean startups and SMEs actively take advantage of this Pitching Lounge to take a step forward for globalization and innovation."

Source : Invest KOREA (January 31, 2019.)

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