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KOTRA provides the cooperative network between domestic innovative startups and Applied Ventures, the venture capital fund of Applied Materials

ASTRA Korea 2023 is put together on Apr. 6 jointly by KOTRA and Applied Ventures, the venture capital fund of Applied Materials, the global leader in materials engineering solutions 
With briefing sessions on technologies in demand and business pitches... "investment cooperation" with innovative startups in Korea will be boosted

KOTRA (President Yu Jeong Yeol) and Applied Ventures, the venture capital arm of Applied Materials, the leader in materials engineering solutions, cohost ASTRA Korea 2023 on Apr. 6 in InterContinental Seoul COEX with the aim of seeking promising domestic startups and investing in them.

The core objective of 'ASTRA Korea 2023' is to give support to domestic startups in technology performance verification, commercialization, and market expansion by laying the ground for promoting cooperation between the global materials engineering solutions provider and Korean startups. This event will serve as a communication channel for seeking cooperative opportunities in investment with various participants spanning from about 70 Korean startups in the semiconductor and display industries, Applied Ventures, to members of VCs and CVCs in both home and abroad.

Prior to the event, Applied Ventures selected 8 promising Korean startups after evaluating participants' growth potential as well as competitiveness edge in technologies and products, before having a one-to-one meeting for examining their projects and technologies. Then it delivers a speech on areas that it is eyeing for investment and plans of investment in Korean startups, followed by bushiness pitches made by the 8 startups where each selected participant's business capacity is introduced to Applied Materials and major investors.

Anand Kamannavar, global head of Applied Ventures said, "ASTRA Korea 2023 is playing a critical role in making collaboration while bridging Applied Ventures and next-generation startups." and "I hope we can identify many potential and disruptive startups in overall areas such as materials and systems."

"We organized this event to give a timely support to domestic startups against the backdrop of declining investor confidence due to the global economic hardships." said Kim Tae Hyung, commissioner of Invest KOREA and added, "We will remain committed to backing Korean startups' projects for investment cooperation such as technology development with global corporations and supply chain establishment."

출처 : Invest KOREA (Apr. 6, 2023)

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