Born2Global Centre, in collaboration with the ProColombia, hosted the Korea-Colombia startup online meetup focused on building bilateral partnerships (Joint Venture partnership prototypes) between startups of Colombia and Korea on November 26.
The online meetup is designed to promote aspiring entrepreneurs to foster knowledge exchange on startup technologies (deep tech), startup acceleration, incubation, and R&DB of two countries and to drive forward the role of deep tech startups in the recovery from COVID-19. The meetup is part of the IDB-Born2Global Centre Project that aims to support the formation of joint ventures or collaborative partnerships between startups from LAC and Korea, promoting cross-regional ecosystem exchanges among relevant stakeholders from both regions.
It brought together startups from Data Analysis, Agtech, and Fintech sectors where 4 Colombian startups (SimpleAgri, Logysto, Lidarit, and Advance-Adelanta tu pago), and 4 Korean startups (Green Labs, Dtonic, Hylium Industries, and Shopl & Company) were pre-matched to participate in the event.
The agenda included a round table discussion on joint venture partnership possibilities among Colombia-Korea startups, exploring business opportunities, and matchmaking innovation that will accelerate the growth for each startup. And the collaborative nature of the meetup provided diverse and fresh perspectives from across the industry on how to navigate growth during the COVID-19 crisis.
With the COVID-19 pandemic, it has been difficult for bilateral partnerships to occur between companies of different countries, pushing the Korean government to focus on the “untact” economic strategy, as well as announcing the “Digital New Deal” policy. This policy proposes the strengthening of the DNA (Data, Network, and Artificial Intelligence) ecosystem and accelerating digital transformation. Born2Global Centre has been mandated to source, incubate, and globalize deep tech startups that can further accelerate digital transformation.
The Born2Global Centre will continue to support not only Korean startups but startups from all over the world in expanding and entering the global market and hopes to act as the stepping stone for startups from Korea and Colombia to grow and expand their businesses to become future unicorns.