This document discusses Korea's strong startup ecosystem and the role of the government in supporting it. It notes that from 2012 to 2018 was an explosive period for Korean startups. The government plays a key role through various funds and programs that support startups at different stages of growth. This includes Fund of Funds programs, technology incubator programs, and private investment funds that provide tax benefits. As a result of these support programs, many startups have emerged in Korea providing daily services across sectors like payments, banking, transportation, travel, education, and marketplaces. Vietnam also has talented software developers and the author encourages growing the startup scene there as well through collaboration.
Demystifying the "myth" behind Venture Capital Firms
1. Where the money came from
2. Understanding VC's business model
3. What startups need to know before they're pitching to VCs
Sunit Shrestha is founder & Managing Director of ChangeFusion, a non-profit institute under Thai Rural Reconstruction Movement Foundation under the Royal Patronage. ChangeFusion supports social enterprises in various areas including appropriate technology for sustainable agriculture for lower income rural farmers, sustainable tourism and more. Sunit involved in innovative public policy fostering through different posts; he also collaborates to design the setup of social investment funds for emerging social entrepreneurs in Thailand & Asia through UnLtd Programs in Southeast Asia.
Demystifying the "myth" behind Venture Capital Firms
1. Where the money came from
2. Understanding VC's business model
3. What startups need to know before they're pitching to VCs
Sunit Shrestha is founder & Managing Director of ChangeFusion, a non-profit institute under Thai Rural Reconstruction Movement Foundation under the Royal Patronage. ChangeFusion supports social enterprises in various areas including appropriate technology for sustainable agriculture for lower income rural farmers, sustainable tourism and more. Sunit involved in innovative public policy fostering through different posts; he also collaborates to design the setup of social investment funds for emerging social entrepreneurs in Thailand & Asia through UnLtd Programs in Southeast Asia.
ICTLabs™ International is a new initiative, it is a company represents the interest of high profile Technology Syndicate working to enhance the ICT foundation and industries in the emerging market, through establishing local initiatives aimed at R&D output commercializing, attracting foreign investment into emerging markets, developing the means to transfer technology and facilitate technology diffusion.
My task is to promote the concept of ICT for Development via creating the ecosystem that all the Technology partners will collaborate through, for both funding the Technology Research & Development or adopting the Information & Communication Technology programs. I’m a member of the Foundation Committee and the Directors Board as well.
[Presentation] Startup Ecosystem: Bangladesh — Coming of AgeLightCastle Partners
Bangladesh’s startup ecosystem has picked up rapidly since 2013 – driven by participation from angels; rise of eco-system enablers like co-working space, community events, local and global incubators; and a growing active interest from government/development partners. However, major deals and growth have started happening since the end of 2017. While a number of international/local funds have present operations along with incubator/accelerator programs for pipeline development in the economy, Series A funding is yet to properly kick off. The embedded presentation gives a high level overview of the current status, the story of evolution and growth, the promising and thriving sectors, the potential bottlenecks and the role of ecosystem enablers. The conclusion is clear: Bangladesh’s startup ecosystem is slowly, but surely, coming of age.
A Seed/Startup Venture Fund & Collaboration Community working with, supporting and compensating Incubators, Universities and Economic Development Agencies
SRTD Final Conference
Session 2: Startups & Incubators
Start-ups & IncubationContinued Support from JEDCO
Hana Uraidi – Director of Cross Cutting Support/JIC Network Director
D2C Insider - Startify , Gateway to Middle East.pptxD2C Insider
A power packed session organised by D2C Insider along with Startify to unlock the potential of Indian D2C brands for the middle east market.
The session began with Kshitij Ladia, founding member of D2C Insider to talk about D2C Insider and the vision behind creating this massive community of 3000+ founders and also lay down the foundation of D2C Insider Middle East Chapter.
Followed by Sudhir Syal, founder of Startify who has built large Indian brands like BookMyShow and Lenskart in UAE who took 150+ brand founders on an informative ride to building business in the Middle East followed by a QnA
Reach out to d2cinsider@gmail.com
Join the largest network of D2C brands & enablers in India
https://bit.ly/d2cinsider_registration
ICTLabs™ International is a new initiative, it is a company represents the interest of high profile Technology Syndicate working to enhance the ICT foundation and industries in the emerging market, through establishing local initiatives aimed at R&D output commercializing, attracting foreign investment into emerging markets, developing the means to transfer technology and facilitate technology diffusion.
My task is to promote the concept of ICT for Development via creating the ecosystem that all the Technology partners will collaborate through, for both funding the Technology Research & Development or adopting the Information & Communication Technology programs. I’m a member of the Foundation Committee and the Directors Board as well.
[Presentation] Startup Ecosystem: Bangladesh — Coming of AgeLightCastle Partners
Bangladesh’s startup ecosystem has picked up rapidly since 2013 – driven by participation from angels; rise of eco-system enablers like co-working space, community events, local and global incubators; and a growing active interest from government/development partners. However, major deals and growth have started happening since the end of 2017. While a number of international/local funds have present operations along with incubator/accelerator programs for pipeline development in the economy, Series A funding is yet to properly kick off. The embedded presentation gives a high level overview of the current status, the story of evolution and growth, the promising and thriving sectors, the potential bottlenecks and the role of ecosystem enablers. The conclusion is clear: Bangladesh’s startup ecosystem is slowly, but surely, coming of age.
A Seed/Startup Venture Fund & Collaboration Community working with, supporting and compensating Incubators, Universities and Economic Development Agencies
SRTD Final Conference
Session 2: Startups & Incubators
Start-ups & IncubationContinued Support from JEDCO
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D2C Insider - Startify , Gateway to Middle East.pptxD2C Insider
A power packed session organised by D2C Insider along with Startify to unlock the potential of Indian D2C brands for the middle east market.
The session began with Kshitij Ladia, founding member of D2C Insider to talk about D2C Insider and the vision behind creating this massive community of 3000+ founders and also lay down the foundation of D2C Insider Middle East Chapter.
Followed by Sudhir Syal, founder of Startify who has built large Indian brands like BookMyShow and Lenskart in UAE who took 150+ brand founders on an informative ride to building business in the Middle East followed by a QnA
Reach out to d2cinsider@gmail.com
Join the largest network of D2C brands & enablers in India
https://bit.ly/d2cinsider_registration
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doanh nghiệp trên toàn cầu.
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những bài học lịch sử có thể áp dụng ngay từ bây
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Thumbnail picture is by MediaZona, you may read their report on anti-war arson attacks in Russia here: https://en.zona.media/article/2022/10/13/burn-map
Links:
Autonomous Action
http://Avtonom.org
Anarchist Black Cross Moscow
http://Avtonom.org/abc
Solidarity Zone
https://t.me/solidarity_zone
Memorial
https://memopzk.org/, https://t.me/pzk_memorial
OVD-Info
https://en.ovdinfo.org/antiwar-ovd-info-guide
RosUznik
https://rosuznik.org/
Uznik Online
http://uznikonline.tilda.ws/
Russian Reader
https://therussianreader.com/
ABC Irkutsk
https://abc38.noblogs.org/
Send mail to prisoners from abroad:
http://Prisonmail.online
YouTube: https://youtu.be/c5nSOdU48O8
Spotify: https://podcasters.spotify.com/pod/show/libertarianlifecoach/episodes/Russian-anarchist-and-anti-war-movement-in-the-third-year-of-full-scale-war-e2k8ai4
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Presentation by Jared Jageler, David Adler, Noelia Duchovny, and Evan Herrnstadt, analysts in CBO’s Microeconomic Studies and Health Analysis Divisions, at the Association of Environmental and Resource Economists Summer Conference.
2. Introduce
• BA, Mechanical Engineering, Pusan National University
• Founder, SELLIT (2013~2017)
Investor:
Acquired by
• Chief Commerce Officer, BunJang (2017~2019)
Investor:
Acquired by Valuation @ $150M
Partner & CEO of Vietnam Office, TheVentures (2020~)
3. Overview Korean’s Tech Startup Support Ecosystem (2014)
From 2012 until 2018 was the explode era of Korea Startup Market
4. Overview Korean’s Tech Startup Support Ecosystem (2014)
Invgate, 2023
• Cause of strong Korean Startup Ecosystem, Rather than working for large
companies, Young and smart Korean talents want to work in startups to
build experience and networks, and then start their own businesses.
• Samsung and Hyundai are no longer their number one target. Rather, they
prefer tech companies such as Kakao, Naver, and Baemin.
D-Day pitching competition, 2022
5. - Managing Fund of Funds
- Managing Government Supported R&D Program
- GP monitoring
Government
(Ministry of SMEs and Startup)
Accelerator / Venture Capital
Private Equity / Corporate Venture Capital
- Managing Investment Fund
- Invest Startups and Support for growth
- Portfolio Accounting Audit monitoring (Yearly)
Private Investment Fund
- Purpose of maximizing assets through startup investment
(High Risk Taking)
- Benefit of taxation
Private Startup Support organization
- Startup Alliance
- D.Camp by Banks Foundation for Young Entrepreneurs
Representative Startup-Related Institutions
6. Fund of Funds
Korea VC Fund Proposition
Fund of Funds GP Commit LP
50%
48%
2%
Role of Government
A system in which the government invests a certain amount when VCs create a fund
KVIC, 2023
The effect of creating a fund more than four times the amount of fund investment
7. Role of Government
LP composition status of VC Fund
Private Corporate
Pension Fund
Financial Corporate
Foreigner
Individual
Fund of Funds
The fund of funds provides a sense of security for other capital to invest in the fund
It makes Fund LP’s diversity
8. Government
(TIPS)
Role of Government
TIPS (Tech Incubator Program for Startup Korea)
A representative government-sponsored technology development program to strengthen the technological capabilities of startups
START UP
AC/VC
(Designated by TIPS)
Investment
(Avg $100K)
Share R&D sponsorship
capital (Avg $500K)
& Distribution Channel
Return Tech Fee 10%
(If success for R&D)
Start-up without the burden of failure with only technical items
(Guaranteed Founder share ratio over 60%)
Start-up company growth profit sharing Promotion of high-tech startups
job creation
9. Role of Government
Each ministry is operating a program to support startups
R&D, technology commercialization, Global Expansion
Center for Creative Economy & Innovation
• Support Overseas investment
attraction
• Networking Day with overseas buyers
and Korea Startup
• K-Startup Grand Challenge
For Attracting excellent foreign startups to
Korea
• Support from regional oversea NIPA center
NIPA HCMC is largest center in overseas
• Founded 2015 with 17 location all the
country
• Big corporate take charge in regional
incubator
(ex: Lotte with Busan Center)
Startup can ask support to them anytime. And this Ministry operate various program
10. Big company quickly detect the market trends by investing in these Venture Investment funds
Through M&A, the lack of capabilities of companies is filled, and through this, the EXIT market is active
Fashion E-commerce (Acquire $1B)
Edutech Company (Acquire $300M)
Kids Notice App (Acquire $10M)
Concierge used goods platform (Acquire $10M)
Crypto Exchange (Investment)
AI Computer Vision (Acquire $10M)
AI (Acquire $5M)
AI Semiconductor (Investment)
Voice Tour Guide (Investment)
Online Travel (Acquire $250M)
Datamining (Acquire
$150M)
Activity Platform (Acquire $30M)
Rent-a-car Platform (Investment)
MZ Travel Platform (Investment)
Active Corporate M&A / Investment
11. Private Investment Fund
A system that provides tax credits when private fund invest in venture companies to promote fostering of
venture companies, Opens a window for the general public to invest in unlisted startups
Individual
Private Investment Fund
Start-UP
Investment Capital Gain
Tax Benefit
Investment Capital Gain
• AUM of Private Investment Fund growing every year.
• Most of them are aimed at the realization of profits according to income
deduction benefits and corporate growth.
• It is becoming a new avenue for capital raise and is well known.
12. Payment / Banking
Summary
These various start-up support programs have resulted in many start-ups, and currently, most of the daily life
services in Korea use start-up services.
Navigation / Car Parking
Acquired several Mobility Statup
Travel
Education Real Estate P2P Marketplace
13. Vietnam already has world top-class Software talent pool. So Vietnamese Startup can make better tomorrow!
Summary
14. Grow together!
Make a better future together!
DAE HYUN KIM
• E: chris.kim@theventures.vc
• Mobile: 0868357893
• Address:
M Plaza Saigon, 39 Đ. Lê Duẩn, Bến
Nghé, Quận 1, Thành phố Hồ Chí Minh,
Vietnam
E.O.D