“D.N.A. (Data. Network. AI) Joint Venture Type (JV 설립형) Membership”
: Open from 5/ 12 (Thu.) ~ 6/ 12 (Sun.) 23:59 (KST)
* Due dates and hours are fixed. Applications submitted after the deadline will not be considered for the review
Overview
Final Selection: 10 companies
Target companies: Startups with D.N.A. (Data, Network, AI) convergence technologies
Benefits - Program Overview
We support the formation, establishment & operations, and scale-up of binational joint ventures that will help selected members to save expenses/needed resources for localization of their product/service and overcome limitations in face-to-face activities amid the current pandemic.
Support Discovering & Building Potential JV Partnerships: Online meetups, partnership curation service, preliminary consulting (global business, partnership, etc.)
Support for JV Establishment & Operations: Business consulting (legal, patents, accounting, marketing, pr), PMF (Product-Market Fit) consulting, and other expenses (overseas travel, local working spaces - rents)
Support for Business Development and Investment Attraction: Online IR event, open innovation programs in collaboration with Born2Global Centre partners (global corporates, venture capital firms, other investor firms, international organizations, etc.), and follow-up consulting
“D.N.A(Data. Network. AI) Joint Venture Type (JV 설립형) Membership”
: Open from 2/ 28 (Mon.) ~ 3/ 29(Tue.) 18:00 (KST)
00DAYS
00HOURS
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* Due dates and hours are fixed. Applications submitted after the deadline will not be considered for the review
Overview
Final Selection : 15 companies (flexible)
Target companies: Startups with D.N.A (Data, Network, AI) convergence technologies
Benefits - Program Overview
We support the formation, establishment & operations, and scale-up of binational joint ventures that will help selected members to save expenses/needed resources for localization of their product/service and overcome limitations in face-to-face activities amid the current pandemic.
Support Discovering & Building Potential JV Partnerships: Online meetups, partnership curation service, preliminary consulting (global business, partnership, etc.)
Support for JV Establishment & Operations: Business consulting(legal, patents, accounting, marketing, pr), PMF(Product-Market Fit) consulting, and other expenses(overseas travel, local working spaces - rents)
Support for Business Development and Investment Attraction: Online IR event, open innovation programs in collaboration with Born2Global Centre partners (global corporates, venture capital firms, other investor firms, international organizations, etc.), and follow-up consulting
Selection Timeline
▶ Submission Deadline : 3/29 Tue) 18:00 PM (KST)
▶ 1st Announcement: 4/1 (Fri.)
▶ 2nd Evaluation: from 4/12(Tue.) to 4/15(Fri.)
▶ 2nd Announcement: 4/18(Mon.)
Membership agreement signing (Born2Global Centre - Selected companies) **: from 4/19(Tue.) to 22(Fri.)
* Timeline above is subject to change
** Membership is valid from the date of signed agreement til Dec.31, 2022
The focus of the “Korean New Deal”, announced by the government to ensure sustainable and impactful economic growth amid the pandemic, lies in the “Digital New Deal” in which AI algorithms are to be developed through AI/X projects currently underway for 5G and AI convergence and proliferation.
The Ministry of Science and ICT held a joint information session with related ministries for a national innovation “Digital New Deal” project to address the economical and societal implications of the COVID-19 pandemic.
During the session, 23 projects were presented with an emphasis in the following major areas: D.N.A. (Data, Network, AI) ecosystem reinforcement, education infrastructure and contact-free industry, and SOC (social overhead capital) digitalization.
In line with the national focus on developing deep tech industries and companies to prepare for post-COVID digital transformation, Born2Global Centre, in fulfilling the role of a global accelerator and incubator, continues to foster Joint Ventures (JVs) through tech-matching companies in Central and South America, the Middle East, the United States, Europe, and beyond, promoting collective research and development endeavors, and penetrating international markets through the wide range of services and programs offered.
In 2020 alone at the height of the COVID-19 pandemic, Born2Global Centre has conducted over 1900 expert consultations, established 4 overseas corporations, forged 140 international partnerships and contracts, completed 96 overseas intellectual property applications, and achieved over 219 million USD worth of total domestic and international investments for the member startups.
As a focal center in current efforts to advance deep-tech innovative companies into the Latin American region, Born2Global Centre is working with 18 Latin American government affiliations - including Mexico, Argentina, Chile, Colombia, Peru, and Bolivia - in Korea, as well as accelerators in 20 major Latin American countries.
Jongkap Kim, the Chief Executive Director of Bon2Global Center, noted that “the Latin American market, which was considered difficult to access due the physical distance, is now able to find a suitable local partner through this JV overseas expansion support.”
To date, Born2Global Centre has conducted six online meetups as part of the Deep Tech Exchange Program of the IDB Lab, which is the innovation laboratory of the Inter-American Development Bank Group. More contact-free meetups have been aligned, gradually to increase the number of global market pioneers, thereby continually supporting JV overseas expansion.
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Support Discovering & Building Potential JV Partnerships: Online meetups, partnership curation service, preliminary consulting (global business, partnership, etc.)
