Pangyo Techno Valley Hosts Successful Startup Investment Exchange

The 2024 4th Pangyo Startup Investment Exchange, dubbed 'In-Best Pangyo,' concluded successfully on November 14 at the Startup Campus of the 2nd Pangyo Corporate Support Hub. The event, organized by Gyeonggi-do, aimed to spotlight outstanding startups in Pangyo Techno Valley and boost their investment prospects.

Co-organized by the Gyeonggi-do Business & Science Accelerator (GBSA) and Korea Land & Housing Corporation (LH), the exchange brought together 23 domestic and international venture capital firms and 17 selected startups. The event featured seminars on open innovation, startup IR pitching sessions, and one-on-one investment consultations, fostering direct connections between innovators and potential investors.

Highlights of the event included presentations from startups like MirrorRoid, showcasing their Mirart virtual mirror technology, and Soft Landers, introducing a global relocation BNPL platform. These innovations underscore the diverse range of technologies emerging from Pangyo Techno Valley, spanning IT, biotechnology, culture technology, and nanotechnology sectors.

The success of this event reflects the growing importance of Pangyo Techno Valley as a hub for technological innovation and economic growth in South Korea. As of 2023, the valley houses 1,666 companies employing 78,751 people, with annual sales reaching 167.7 trillion KRW (approximately 125.5 billion USD). This robust ecosystem positions Pangyo as a critical driver of South Korea's technological advancement and economic competitiveness on the global stage.

The investment exchange's focus on open innovation and collaboration between startups and established corporations signals a strategic shift in how South Korea is approaching technological development. By facilitating these connections, Gyeonggi-do is not only supporting local startups but also enhancing the region's attractiveness to international investors and partners.

As Gyeonggi-do continues to support regional startups through various programs, including overseas promotion initiatives, the success of events like 'In-Best Pangyo' could have far-reaching implications. It may lead to increased foreign investment in South Korean startups, accelerate technological breakthroughs, and potentially reshape global innovation landscapes in key sectors such as IT, biotechnology, and nanotechnology.