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  • Born2Global Centre helps innovative deep-tech startups enter the Colombian market


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    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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