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BSIA launched to provide customized support for start-ups
The Busan Startup Investment Agency (BSIA) will officially launch on April 9.
At the launch ceremony held in the afternoon, 11 organizations, including the city of Busan, BSIA, and the Korea Technology Finance Corporation (KIBO), will sign an MOU to promote cooperation for the creation of a global start-up city.
The BSIA, established as the first of its kind in the country, is a public institution dedicated to supporting technology start-ups and managing investment functions.
It consists of five teams: the Innovation Start-up Team, Growth Support Team, Fund Investment Team, Global Investment Team, and Business Support Team, and began operations on March 24.
The BSIA will establish a one-stop start-up support system and facilitate regular exchanges between local companies and domestic/international investors, providing the necessary venture capital for growth.
It will also support global exchanges and investment attraction for start-ups, playing an important role in helping Busan become a major start-up hub in Asia.
From the earliest stages of start-up to scaling up into large emerging companies, the BSIA will offer tailored support at each stage, ensuring growth and timely supply of investment funds.
wink@yna.co.kr
Source Text
** This article was translated from Korean.
Date
2025.04.11
Views
10
According to Yonhap News,
The Busan Startup Investment Agency (BSIA) will officially launch on April 9.
At the launch ceremony held in the afternoon, 11 organizations, including the city of Busan, BSIA, and the Korea Technology Finance Corporation (KIBO), will sign an MOU to promote cooperation for the creation of a global start-up city.
The BSIA, established as the first of its kind in the country, is a public institution dedicated to supporting technology start-ups and managing investment functions.
It consists of five teams: the Innovation Start-up Team, Growth Support Team, Fund Investment Team, Global Investment Team, and Business Support Team, and began operations on March 24.
The BSIA will establish a one-stop start-up support system and facilitate regular exchanges between local companies and domestic/international investors, providing the necessary venture capital for growth.
It will also support global exchanges and investment attraction for start-ups, playing an important role in helping Busan become a major start-up hub in Asia.
From the earliest stages of start-up to scaling up into large emerging companies, the BSIA will offer tailored support at each stage, ensuring growth and timely supply of investment funds.
wink@yna.co.kr
Source Text
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Source: Yonhap News (April 9, 2024)
** This article was translated from Korean.