Born2Global Centre has teamed up with Innpulsa Colombia and ProColombia, the business growth management unit and the international tourism/foreign direct investment/non-traditional exports branch of the Colombian national government, respectively, to jointly discuss Korea and Colombia’s entrepreneurship and innovation ecosystems. 

 

On August 18, the two global organizations held a webinar to share knowledge of the startup and innovation ecosystems of both countries, establishing strategies for Korean startups to enter the Colombian market. 

 

A total of about 50 participants, including startup-related organizations, startups, and venture capitals from Korea and Colombia have engaged in the session with Born2Global Centre’s Jongkap Kim, the Chief Executive Director, as a panelist on the global startup ecosystem and Sokjin Chang, the Director of International Cooperation, as a presenter on the current status of Korea´s startup ecosystem and the multiple support programs that the Centre is operating to support Korean deep-tech startups’ global expansion.

 

Alfredo Ramos, the Director of ProColombia Korea, made the opening remarks, followed by Juan Carlos Caiza, the Ambassador of Colombia in South Korea, providing the congratulatory speech. Francisco J. Noguera, the CEO of Innpulsa Colombia, presented on the Colombian startup ecosystem, as well as the startup support programs available at Innpulsa Colombia. 

 

Next was a session by João Leite, the CEO of Advance, to explain the importance of the Korean-Colombian joint partnership, as evidenced through his case study presentation. 

 

Then, a panel discussion ensued, featuring the three powerhouses Mr. Kim, Mr. Caiza, and Mr. Noguera on the implications for a Korean and Colombian startup ecosystem and an optimistic outlook on future collaborative efforts to further strengthen the two countries’ bonds.

 


 

 




 

 

Born2Global Centre signed a memorandum of understanding (MOU) with Innpulsa Colombia, a startup accelerator and incubator under the Ministry of Trade and Tourism of Colombia, on the 16th to develop a joint venture business model between Korea and Colombia and to attract global investments.

 

According to the agreement, Born2Global Centre will spearhead efforts to strengthen joint venture partnerships that will help foster businesses in Latin America through on- and offline  meetups and events centered around tech-matching and collaborations amongst deep-tech startups in Korea and Colombia.

 

In doing so, there will simultaneously be collaborative promotions between the deep-tech startups of both countries to support mutual market entry, knowledge exchanges through events and programs, and global investments into these joint ventures. 

 

Jong Kap Kim, the Chief Executive Director of the Born2Global Centre, said, “Colombia is a major player in the Latin American startup ecosystem, alongside Brazil, Mexico, Argentina, and Chile and is a highly strategic entry point for Korean innovative tech startups expanding into the Latin American market.”

 

Furthermore, he added that “through the agreement with Innpulsa Colombia, Born2Global Centre will actively develop cooperative projects to help Korean companies enter Colombia, as well as to provide all-around support in discovering Korean-Colombian startup joint ventures and investment connections.

 

Meanwhile, Born2Global Centre has also been working with the IDB Lab since last year to operate the 'LAC-Korea Deep Tech Exchange Program' in discovering and matching top innovative Latin American and Korean tech companies.

 

Through this joint venture project from Latin America, candidates discovered through online meetups are to submit a partnership proposal and upon approval from the IDB Lab, consultations and funds that contribute toward a joint venture will be provided.

 

Born2Global Centre held more than 7 online meetups with Argentina, Colombia, Mexico, Bolivia, and Peru until March, and through these sessions, five Korea-Latin American startup joint venture partnerships were formed.


 

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