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Innopolis-Iljin Group to launch a startup accelerator program

According to Yonhap News,

Innopolis Foundation (Innopolis) launched into a project to discover and support promising startups in materials, parts and equipment industry with Iljin Group. They both opened several rounds of Investor Relations (IR) briefing sessions until Oct 16 to match between potential VC investors and local hidden champions headquartered in Innopolis.

The selectees are entitled to share business management knowhow and expertise with Iljin Group, while having opportunities to be financed by angel investors and to join R&D programs.

Innopolis has run a business accelerator program offering access to capital and investment to local businesses with full potential spreading across six Innpolis nationwide. The partner of the project, Iljin Group is one of flagship businesses in materials, parts and equipment in Korea, running nine separate entities incorporated in energy, materials, construction, medical service and ICT.

Source Text

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Source: Yonhap News (Oct 7, 2020)

** This article was translated from Korean.